Check Out Facebook Founder Zuckerberg’s Real Estate Portfolio
The social media mogul Mark Zuckerberg is facing the wrath of shareholders for one of the poorest performances given by his company Facebook, losing more than $16 billion in a day. However, the Founder and CEO of the social media giant Zuckerberg, is riding high when it comes to his real estate holdings. Here’s all you need to know what the 34-year-old entrepreneur owns when it comes to real estate.
The childhood home
Zuckerberg grew up in this home located in a small village, Dobby Ferry, about a half-an-hour drive from Manhattan. This property was purchased by his parents, Edward and Karen Zuckerberg, in 1981 and they were living there until 2012. This is where Zuckerberg designed his future and developed his first instant-messaging service for the home and for his father’s dental clinic and named it ZuckNet.
Facebook house
This is the first house Zuckerberg had away from home. He rented this property first for his 2004 startup Facebook in Palo Alto, California. Captured in the movie The Social Network, this property was home and office to Zuckerberg and his early team. This property is now rented out to students at the Stanford Graduate School of Business during the year, and to aspiring entrepreneurs during the summers. This single-storey property has four bedrooms, three bathrooms, along with a pool.
Properties in Palo Alto
Palo Alto is still home to Zuckerberg. He owns various properties in this area. It was in 2011 when Zuckerberg bought his first home here in Crescent Park area for $7 million. It was a 5,617 square foot (sqf) property with wooden floors, a saltwater pool, banquet-size dining room, glassed-in sunroom, five bedrooms, and five bathrooms. This property was built in 1903.
After Zuckerberg married his longtime girlfriend Priscilla Chan, the couple bought surrounding properties to their existing home for a total of $30 million. These properties were purchased under the name of Iconiq Capital, the money manager for Zuckerberg.
The San Francisco pad
After building properties in Palo Alto, Zuckerberg tried his hands in the San Francisco property market. He bought an off-market property in 2013 for which he paid over $10 million. The property, located in Dolores Heights, is spread over an area of 5,542 sqf. He later invested another $1.6 million to renovate the home to which he added an office, a media room, a half-bathroom, a mudroom, a laundry room, a wine room, and a wet bar. He also added a new roof along with all new landscaping.
Land in Kauai
As the company flourished, Zuckerberg further invested in real estate. He went on to spend $100 million to buy two land parcels in Kauai. He plans to set up 700 acre of property for family getaways. These land parcels have a 2,500 sqf spread of ocean view and an operational organic farm. The plans are to construct a two-bedroom residence along with a 16-bay garage complex. This property is likely to have an administration building that would have keycard-protected offices and security headquarters.