Facebook CEO Mark Zuckerberg’s High Dollar Spending Spree!

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What do you do when you don’t like the direction of your current neighborhood?  Well, if you’re worth $19 billion like Mark Zuckerberg you start buying all the houses around you.  It’s not unusual for celebrities to buy the properties next to their homes to ensure privacy, but usually when they do this, the neighboring homes are already on the market.

Like the old saying goes, everyone has a price.  According to property records, the Facebook CEO recently spent $30 million to buy four of his neighbors’ homes.

Zuckerberg isn’t taking over the properties;  he only wants to be able to control how the properties surrounding his home are marketed and who they are sold to.  This process first started in December 2012 after Zuckerberg learned of a developer’s plans to capitalize on his residence in the area.  “The developer was going to build a huge house and market the property as being next door to Mark Zuckerberg,” a source told the Mercury News.

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Rather than air out his personal business and thoughts publicly, Zuckerberg spent the better part of the year buying three homes behind him and one next door.  He is now leasing the homes back to the former homeowners. The latest sale closed just this week, the Silicon Valley Business Journal reported.

According to Santa Clara County property records, one homeowner sold their 2600 square foot home to Zuckerberg for $14 million although it was valued at  $3.171 million. By comparison, Zuckerberg paid $7 million for his 5,000-square-foot home in May 2011.

Needless to say, that real estate agent earned every penny of their commission.  And talk about the kind of neighbor you want.

 

Mark Elliot Zuckerberg (born May 14, 1984) is an American computer programmer and internet entrepreneur. He is best known as one of five co-founders of the social networking website Facebook. As of April 2013, Zuckerberg is the chairman and chief executive of Facebook, Inc. and in 2013 his personal wealth was estimated to be US$19 billion.

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