Business Insider: Mark Zuckerberg’s Sneaky Real Estate Investments
Mark Zuckerberg, the co-founder of Facebook, is not only one of the wealthiest individuals in the world but also a savvy real estate investor. While most of his fortune comes from his stake in Meta, the parent company of Facebook, a significant portion of his wealth can be attributed to his extensive real estate ventures across the United States.
According to Forbes magazine, Mark Zuckerberg’s real estate transactions have been wide-ranging and diverse, spanning from California all the way to Hawaii. It is often said that he treats Facebook as a hobby while using real estate investments as his true business venture.
Mark Zuckerberg’s real estate deals are shrouded in secrecy, often conducted under the names of limited liability companies or investment funds like Iconiq Capital. However, it is widely understood that he is the true owner behind these transactions.
In recent years, Mark Zuckerberg has been involved in numerous real estate projects, with one significant highlight being his land acquisitions in Hawaii, where he intends to develop a large cattle ranch.
It is estimated that Mark Zuckerberg’s current real estate holdings amount to around $200 million, as reported by Business Insider. However, these figures only scratch the surface, as they do not account for the potential undervaluation of properties on the market.
Let’s take a closer look at some of the successful real estate projects that Mark Zuckerberg has been involved in:
Palo Alto
As a prominent figure in Silicon Valley, Meta CEO Mark Zuckerberg naturally owns several properties in the area. One notable example is five luxury villas located in Crescent Park, Palo Alto, which is only a 10-minute drive from Meta’s headquarters in Menlo Park.
According to Business Insider, Mark Zuckerberg first purchased a villa in Crescent Park for $7 million in May 2011. Later on, to enhance his privacy, he decided to invest an additional $43 million to acquire four adjacent properties.
San Francisco
In 2010, Mark Zuckerberg purchased a grand mansion with four bedrooms and four bathrooms in San Francisco for $10 million. In 2022, his family sold this property for $31 million, making it one of the most expensive real estate deals in San Francisco at the time.
Lake Tahoe
Lake Tahoe is a renowned vacation destination for the ultra-wealthy in California, including Mark Zuckerberg and his family. According to tax records investigated by Business Insider, Carousel Estate and Brushwood Estate, two properties in the area, were purchased by the same owner who is linked to other real estate projects associated with Mark Zuckerberg.
Mark Zuckerberg reportedly paid a total of $59 million for both properties. Brushwood Estate covers an area of 495 square meters and features six large bedrooms, five bathrooms, and a 213-square-meter living room.
Hawaii
Mark Zuckerberg’s land acquisitions in Hawaii are extensive, although the exact size of his holdings remains undisclosed. Business Insider has identified at least 4.9 square kilometers of land across 17 real estate projects associated with Mark Zuckerberg through companies like Kahu’aina Holdings LLC and Pila’a International LLC.
Of this 4.9 square kilometers, it is believed that Mark Zuckerberg has acquired approximately 3 square kilometers since 2014, with a value of $100 million. Among these properties is the beautiful Pila beachfront, spanning 1.4 square kilometers.
Another area in Hawaii reportedly purchased by Mark Zuckerberg is a 2.4-square-kilometer plot in the northern part of Kauai, acquired for $53 million in 2021. It is rumored that he has constructed a 465-square-meter underground bunker with an emergency exit, costing around $270 million.
In conclusion, Mark Zuckerberg’s real estate investments have significantly contributed to his immense wealth. While he may be best known as the co-founder of Facebook, his ventures in the real estate world have been nothing short of remarkable. By utilizing limited liability companies and investment funds, he has quietly built an impressive real estate portfolio across the United States.
Nguồn: Business Today