This past year has kept Mark Zuckerberg quite busy. The scandal that involved Facebook’s data breach easily beats everything that the CEO has been up to, but that isn’t our focus today.
Despite having to appear before the commerce and judicial Senate committees, Zuckerberg still had time to make smart money moves.
Just recently, the 34-year-old and his wife acquired real estate worth $59 million on the West Shore of Lake Tahoe. No one saw this coming as the couple went about it in utter silence, employing a wealth manager to handle it all, and having people sign NDAs.
These agreements prompted the removal of these listings from the public domain, with the internet being the main target.
And although it is relatively common practice for the rich to conceal their identity when venturing into lucrative investments, it seems that Zuckerberg is being more aggressive than is the norm.
He seems to have quite the appetite for real estate and owns property in Kauai, Palo Alto, and San Francisco.
You’d think that the billionaire would go for flashy pieces of property, right? Wrong. Being calm and collected, Zuckerberg doesn’t love attracting attention, and the same goes for all the real estate he acquires.
They have to have an air of privacy around them, and he also tries to acquire neighboring residences to give him total control over his privacy. His residences also have to be fenced to keep them away from prying eyes.
The residence in Palo Alto is Mark Zuckerberg’s and his wife Priscilla Chan’s primary home. It is only a short distance away from Facebook’s headquarters (Menlo Park), and Stanford University calls the city its home.
It first started as a $7 million 5-bedroom home Zuckerberg bought in 2011. Together with Chan, they then acquired the four neighboring residences, spending $43 million while at it.
They most certainly overpaid for these, spending $14 million on one of the houses that had previously been sold for $1.2 million.
Noe Valley’s Fitting Vibe
Noe Valley in San Francisco also serves as the billionaire’s home, and the neighborhood’s vibe is certainly deserving of the CEO.
Zuckerberg snatched up this piece of property in 2012 for $9.9 million, which was the most a house in the neighborhood had cost back then. The residence sits on 9,800 square feet of land and is a two-storied house.
The estate in Kauai cost the 34-year-old over $100 million, but the 700 beach-side acres have brought him some headache.
A piece of the property (referred to as the Kuleana lands and spanning approximately 2 acres) has been owned by native Hawaiians, with the Rapozos being the most noteworthy.
In 2016, Zuckerberg was in bed with Carlos Andrade (a Rapozo), suing fellow landowners in a bid to force them into selling to them. Unfortunately, the backlash from this was quite significant and Zuckerberg dropped his cases.
The property Zuckerberg acquired in Lake Tahoe is the latest in his impressive portfolio, and comprises of two estates – he acquired the first in December for $22 million and the second one in January for $37 million.