At least five American billionaires own 10 or more homes, and many others own as few as five, according to a Forbes survey.
Larry Ellison
Number of owners: 24
Net worth: $144.9 billion
The Oracle co-founder and chairman spent $173 million on a Palm Beach home last summer, setting a record for the most expensive home ever sold in Florida. Ellison owns 24 homes, worth a total of more than $1 billion, including six in Carbon Beach (Malibu, California), dubbed "Billionaires' Beach."
Some of billionaire Larry Ellison's properties. Photo: Daily Mail
He also bought 98% of the Hawaiian island of Lanai, or 36,400 hectares, from former Dole chairman David Murdock in 2012. Ellison has made Lanai his official residence since the pandemic.
Ken Griffin
Number of owners: 12
Net worth: $33.2 billion
Last year, billionaire investor Ken Griffin sold two Chicago condos for a combined $21.4 million. But he still owns two in the city and dozens of homes across the country. He has seven in Florida, where he lives most of his life. In Palm Beach, he recently spent $450 million to buy and raze a former beachfront mansion to build a new compound for his mother and family.
Eric Schmidt
Number of owners: 13
Net worth: $21.1 billion
The former Google CEO paid $65 million for the Enchanted Hill estate in Beverly Hills in December 2021. The property once belonged to late Microsoft founder Paul Allen and was leveled 20 years ago but no homes were built on it before he died in 2018.
Enchanted Hill land leveled for $65 million. Photo: Berlyn Photography
To date, billionaire Eric has yet to break ground on this 48-hectare plot of land. However, he still has more than a dozen decent homes to live in, including four mansions in Los Angeles and several penthouses in New York.
Ron Burkle
Number of owners: 11
Net worth: $3 billion
Many of Burkle’s homes have historical ties to Hollywood. In 1993, he bought The Harold Lloyd Estate, an eight-bedroom, 13-bathroom mansion in Beverly Hills that was built by a movie star in the 1920s. In 2016, he bought Bob Hope’s 22,000-square-foot Palm Springs home for $13 million.
In 2020, he bought Michael Jackson's Neverland Ranch for $22 million. He owns a three-story apartment with a rooftop pool in Manhattan, New York, that was used as a movie set. The apartment is currently for sale for $32.5 million. Burkle also owns an 8.9-hectare island in Montana.
Oprah Winfrey
Number of owners: at least 10
Net worth: $2.5 billion
Billionaire Oprah Winfrey's "Promised Land" real estate. Photo: NewsCom
Winfrey bought Promised Land in Montecito, California, in 2001. The 40-acre property includes a main house, a guest house, a tennis court and a swimming pool. She sold one of her other Montecito properties to Jennifer Aniston last year, but still owns four other properties. In Hawaii, Winfrey has purchased about 2,000 acres, including 800 acres in a recent sale in March.
Mike Bloomberg
Number of owners: 10
Net worth: $96.3 billion
In 1986, the media mogul bought a five-story townhouse on Manhattan's Upper East Side for $3.5 million. Between 2009 and 2022, he expanded that home by buying up six neighboring buildings. But that's just one of five homes he owns in New York.
In London, the billionaire spent another $25 million in 2015 to buy a house that once belonged to poet George Eliot (who died in 1880). In 2020, he spent more than $45 million to buy Henry Kravis' nearly 430-hectare Westlands farm, an hour's drive from Aspen (Colorado, USA).
Jeff Bezos
Number of owners: 9
Net worth: $155.9 billion
The founder and former CEO of Amazon is not only fond of yachts but also spends a lot of money on land. In 2020, Bezos bought the 3.6-hectare Warner Estate in Beverly Hills from music and film billionaire David Geffen for $165 million, which was considered the largest private residential purchase in California at the time.
Some of billionaire Jeff Bezos' properties. Photo: NYPost, EPA
In 2021, he spent $78 million on a secluded estate on the Hawaiian island of Maui, surrounded by lava fields. He also owns the former Textile Museum in Washington, DC, as well as a $50 million home overlooking Lake Washington, 10 miles from Amazon headquarters and less than a mile from his neighbor Bill Gates.
Stan Kroenke & Ann Walton Kroenke
Number of owners: 9
Net worth: $22.1 billion
Of the seven Walton heirs, Ann Walton owns the most homes. She and her billionaire husband Stan Kroenk own nine homes, including four in Colorado, three in California and two in Missouri.
Their Beverly Hills home was previously owned by Dave and Victoria Beckham before being sold in 2018. They also own The Broken O Ranch in Montana, which they bought for $132.5 million in 2012 and covers 110 acres. In Texas, the family is also selling a ranch for $725 million.
Russ Weiner
Number of owners: 8
Net worth: $4.6 billion
The Rockstar energy drink founder is a frequent real estate buyer. He recently became frustrated with California’s high taxes and is looking to sell two Los Angeles mansions, a six-bedroom and a 1,000-square-foot home just down the street from the eight-bedroom Tuscan-style mansion he sold this month.
Weiner He is also selling a 2.2-hectare plot of land for $28 million, including a 1,600-square-meter villa on it that he bought for $40 million in 2021. Despite selling many, he still has a 980-square-meter plot of land that he bought for $22 million in 2020 with a house, yoga studio, and 24-meter swimming pool on it to live in. In addition, he has a 7-bedroom house in Florida, 2 lots in Miami Beach.
Dagmar Dolby
Number of owners: 8
Net worth: $5.2 billion
After the death of her husband, Dolby Laboratories founder Ray Dolby, in 2013, Dagmar Dolby continued to live near the company’s San Francisco headquarters. However, she amassed a real estate portfolio worth nearly $90 million, including five properties in San Francisco and two on Lake Tahoe, one in Sonoma.
Ellison's $145 million estate is close to his $175 million Palm Beach home. Photo: Daniel Petroni
Why do some American billionaires want so many homes? Ranjeet Guptara, senior vice president of wealth management at UBS, explains that they see “real estate as a great status indicator.” And John Ennis, CEO of London-based real estate firm Chestertons, says billionaires live in a world of “wants” rather than “needs.” “They can pay for whatever they want,” he says.
Broker Shen Schulz calls these billionaires “peak hunters,” referring to their ability to buy anything they want without restrictions. What’s different post-pandemic is the type of real estate they’re looking for. Accordingly, American billionaires are tending to look for places with mountains, rivers, forests, lakes, beaches, ocean views, so they often target places like Malibu, Hawaii, Telluride, Aspen, Santa Barbara, the Hamptons and Lake Tahoe.
In addition, to ensure privacy, they also take over real estate in the neighborhood around their residence for relatives and entourage including pilots, chefs, personal trainers and nannies.
Phien An ( according to Forbes )
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