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Where Do The Richest Americans Live?

Where Do The Richest Americans Live?

Where Do The Richest Americans Live?

Surprise, Bill Gates, with a net worth of $81 billion, comes in at No. 1, a position he has held for 23 consecutive years. Where Do The Richest Americans Live? Meanwhile, his friend Warren Buffett dropped to third place for the first time in 15 years with a net worth of $65.5 billion.

Thanks to rising share prices of major tech companies, CEOs at the helm of these companies appear to have been amassing wealth at a faster rate than others. Amazon.com CEO Jeff Bezos earned $20 billion to boost his net worth to $67 billion, making him the second-richest person in the US.

Facebook CEO Mark Zuckerberg jumped to fourth place, the highest position he has ever reached, with a net worth of $55.5 billion. However, Oracle founder Larry Ellison ranked 5th for the first time since 2007. His net worth is estimated at $49.3 billion.

In 6th place is former New York City Mayor Michael Bloomberg, CEO of the company that bears his name Bloomberg LP, who has a net worth of $45 billion.

Where Do The Richest Americans Live? These six richest billionaires have a combined $363.3 billion at their disposal, most of which is still held in shares of the companies they founded. However, part of his fortune is invested in real estate. Mr. Gates, for example, owns a Washington mansion valued at roughly $170 million, several horse ranches across the US, and shares in a few luxury hotel chains through the private investment firm of he Cascading.

Let’s take a look at the residences that the six richest tycoons call home

1. Bill Gates Net Worth: $81 Billion Residence: Medina, Washington

The 60-year-old Mr. Gates spends most of his time at his 66,000-square-foot mansion in Medina, Washington, dubbed Xanadu 2.0 after the ownership of the main character in the movie Citizen Kane. The mansion overlooks Lake Washington. It took Mr. Gates seven years and $63.2 million to build this house, which has many high-tech features. In 1998 he bought the land for $2 million, but it is now worth an estimated $170 million, according to public records.

2. Jeff Bezos Net Worth: $67 Billion Residence: Medina, Washington

Mr. Bezos, 52, building his e-commerce empire, has amassed a wealth of real estate over the years, earning him No. 26 on The Land Report list last year. of the largest landowners in the United States. In terms of residences, he has a 165,000-acre ranch in West Texas, a waterfront home in Washington state, three connected apartments in the Century Tower in Manhattan, and a 12,000-square-foot estate in Beverly Hills, which boasts of having Tom Cruise as a neighbor, according to Forbes.

His home in Medina, Washington, near Amazon headquarters, is spread over 5.35 acres and has about 29,000 square feet of living space. In addition to the main house, there is also a small caretaker’s house and a 4,500-square-foot boathouse on Lake Washington.

3. Warren Buffett’s Net Worth: $65.5 Billion Residence: Omaha, Nebraska

Although the world’s most astute investor owns multiple real estate investments, Mr. Buffett, 86, is known for living modestly.
His house is on a corner in Omaha, Nebraska, which he bought in 1958 for $31,500. Since then, Mr. Buffett has lived there. The house, originally built in 1921, went through several changes to make it a comfortable and cozy 6,500-square-foot home for the man who has a net worth of $65.5 billion.

4. Mark Zuckerberg’s Net Worth: $55.5 Billion Residence: Palo Alto, California

The richest and youngest businessman dedicates most of his wealth to philanthropic works such as schools, health and others. His real estate portfolio includes his home in Palo Alto and a $9.9 million second home near Dolores Park in San Francisco.

In 2011, Mr. Zuckerberg, 32, bought his first 5,000-square-foot Craftsman-style home in Palo Alto for $7 million. In subsequent years he purchased four of the houses around his property in order to maintain his privacy. But his plan to tear down those four houses and rebuild them has stalled.

5. Larry Ellison’s Net Worth: $49.3 Billion Residence: Woodside, California

Oracle CEO Larry Ellison, 72, has an extensive real estate portfolio. He has bought large portions of entire neighborhoods in Malibu and around Lake Tahoe. He owns the Beechwood mansion in Newport, Rhode Island; a garden villa in Kyoto, Japan; and 98% of the land on Lanai, Hawaii’s sixth-largest island, which he bought in 2012 for $500 million, according to published reports.

His Woodside, California estate, estimated to be worth $110 million, is designed in a 16th-century Japanese architectural style, complete with a 2.3-acre man-made lake.

6. Michael Bloomberg’s net worth: $45 billion Residence: Manhattan, New York

Former New York City Mayor Michael Bloomberg, 74, has more than a dozen properties around the world. He spends most of his time at his stately home in Upper East Sida, but he also owns properties in the Hamptons in New York, as well as in London, Bermuda, Colorado and Florida.

Mr. Bloomberg’s house, located at 17 East 79th St., has five stories and a limestone exterior. During his three terms as mayor, Mr. Bloomberg lived in his home instead of Gracie Mansion. However, he apparently has plans to turn it into a mega mansion. Since 1989, he has been gradually buying up units at 19 East 79th St., the housing cooperative that sits right next to his current residence. Of the six units in the white 1880 Greek Revival-style building, Bloomberg now owns five of them, according to The New York Observer.

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