CEO and Chairman of Facebook Inc (NASDAQ:FB) Mark Zuckerberg has been on fairly a home purchasing spree, according to the reports from San Jose Mercury News. The self made billionaire, value $22.9 billion by FORBES’ has freshly purchase four homes in Palo Alto, Calif. Worth over $30 million in total.
The cofounder of the biggest social media site has never mention his name at any of the four Silicon Valley homes purchased by him. The properties were technically bought through legal entities related with Iconiq Capital. His house purchased in March 2011 worth $7 million was bought in the name of a limited liability firm, declared in deed filed to Clerk-Recorder of the Santa Clara County.
Alain Pinel Realtors’s agent, Steve TenBroeck has revealed, the self made billionaire’s, home is modest in comparative to his prosperity and isn’t located in Palo Alto’s best neighborhood. He also added Zuckerberg doesn’t have to concern about close homeowners destroy or reconstructing their house as this area bound residential manufacture to approximately a third of lot size, TenBroeck said in a phone interview.
In San Francisco district Dolores Heights, Zuckerberg along with his spouse, Priscilla Chan, also have a house that the couple purchased in 2013 for approximately $10 million and also spend $1.6 million for its re-furnishing, according to the report of the San Francisco Chronicle.
According to Redfin Corp, the 837-square-meter or 9,011-square-foot house was built in 1903, have five bedrooms. The double storey white-wood-sided home is settled behind a gated drive is approximately three miles away from Stanford University, as well as from Facebook Inc (NASDAQ:FB)’s headquarters, which is currently situated at Menlo Park.
It is a common practice of rich and famous people that they purchase properties, they use straw entities to make purchases, in order to ensure anonymity while off-putting charge in the case of unexpected legal or financial woes.
According to the reports, the initial agreement was closed December 2011, the property behind his main house; while the other three deals ended in September. Facebook Inc shares advanced 0.12% to $49.11in last trading session.
Leave a Reply