There are at least 5 American billionaires who own 10 or more houses and many others own about 5 houses, according to a survey by Forbes.
Larry Ellison
Number of owners: 24
Net worth: 144.9 billion USD
Oracle co-founder and chairman spent $173 million on a home in Palm Beach last summer, setting a record for the most expensive home ever sold in Florida. Ellison has 24 houses, worth a total of more than one billion USD, including 6 houses in Carbon Beach (Malibu, California), which is known as “Billionaire’s Beach”.
Some of the properties of the tycoon Larry Ellison. Photo: Daily Mail
He also bought 98% of the Hawaiian island of Lanai, equivalent to 36,400 hectares, from former Dole chairman David Murdock in 2012. Ellison has chosen Lanai as his official residence since the pandemic.
Ken GriffinNumber of houses owned: 12
Net worth: 33.2 billion USD
Last year, billionaire investor Ken Griffin sold two apartments in Chicago for a total of $21.4 million. However, he still has two homes in this city and dozens of homes across the United States. He has seven homes in Florida, where he lives most of the time. In Palm Beach, he recently spent $450 million to buy and raze a lot of old beachfront villas to build a new complex for his mother and family.
Eric SchmidtNumber of houses owned: 13Net worth: 21.1 billion USD
The former Google CEO paid $65 million to buy the Enchanted Hill land in Beverly Hills in December 2021. The property once belonged to the late Microsoft founding shareholder Paul Allen and was flattened 20 years ago but a house could not be built before his death in 2018.
Enchanted Hill land was leveled for $65 million. Photo: Berlyn Photography
To date, billionaire Eric has not broken ground on any project on this 48-hectare land. However, he still has more than a dozen decent houses to live in, including four villas in Los Angeles and several penthouses in New York.
Ron BurkleNumber of owners: 11Net worth: 3 billion USD
Many of Burkle’s homes have historical ties to Hollywood. In 1993, he bought The Harold Lloyd Estate mansion with 8 bedrooms, 13 bathrooms in Beverly Hills, built by a movie star in the 1920s. In 2016, he bought Bob Hope’s 2,170 square meter Palm Springs house with price 13 million USD.
In 2020, he bought Michael Jackson’s Neverland ranch for $22 million. He has a three-story apartment with a rooftop swimming pool in Manhattan (New York), which was once 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 WinfreyNumber of owners: at least 10Net worth: 2.5 billion USD
Real estate “Promised Land” of female billionaire Oprah Winfrey. Photo: NewsCom
Winfrey purchased “Promised Land” in Montecito, California in 2001. The 16-acre estate includes a main house, a guest house, a tennis court and swimming pool. She sold one of her other properties in Montecito to Jennifer Aniston last year, but still owns four other properties. In Hawaii, Winfrey bought about 809 hectares of land, of which 364 hectares were newly transacted in March.
Mike BloombergNumber of owners: 10Net worth: 96.3 billion USD
In 1986, the media mogul bought a 5-story townhouse on the Upper East Side, Manhattan (New York) for $3.5 million. From 2009 to 2022, he expanded that house by buying all 6 neighboring buildings. But that’s just one of five houses he owns in New York.
In London, the billionaire spent an additional 25 million USD in 2015 to buy the house that once belonged to poet George Eliot (died in 1880). In 2020, he spent more than 45 million USD to buy Henry Kravis’ nearly 430-hectare Westlands farm, an hour’s drive from Aspen (Colorado, USA).
Jeff BezosNumber of owners: 9Net worth: 155.9 billion USD
The founder and former CEO of Amazon not only loves yachts but also spends heavily on land. In 2020, Bezos bought the 3.6-hectare Warner Estate property in Beverly Hills from music and film billionaire David Geffen for $165 million, believed to be California’s largest private housing sale at that time. .
Some real estate of billionaire Jeff Bezos. Photo: NYPost, EPA
In 2021, he spent $78 million buying a remote plot of land on the Hawaiian island of Maui, surrounded by fields of lava rock. He also owns a home that used to be the Textile Museum in Washington DC, as well as a $50 million home overlooking Lake Washington, 10 miles from Amazon headquarters and less than a kilometer from neighbor Bill Gates.
Stan Kroenke & Ann Walton KroenkeNumber of owners: 9
Net worth: 22.1 billion USD
Among billionaire Walton’s seven heirs, Ann Walton owns the most homes. She and her billionaire husband Stan Kroenk own 9 homes, including 4 in Colorado, 3 in California and 2 in Missouri.
Their Beverly Hills home once belonged to Dave and Victoria Beckham before the 2018 handover. They also own The Broken O Ranch in Montana, which was purchased in 2012 for $132.5 million. ha. In Texas, the family is also selling a farm for $725 million.
Russ WeinerNumber of owners: 8
Net worth: 4.6 billion USD
The founder of Rockstar energy drink trades real estate regularly. Recently, he was dissatisfied with California’s high taxes and wanted to sell two villas in Los Angeles, including a 6-bedroom and a 910-square-foot unit, just one street away from the 8-bedroom Tuscan villa he owned. sold this month.
Weiner is also selling a 2.2-acre plot of land for $28 million, including a 1,600-square-foot villa on which he bought $40 million in 2021. Despite selling a lot, he still has a 980-square-foot piece of land to buy at a price. 22 million USD in 2020 with a house, yoga studio and 24 m long swimming pool on which to live. In addition, he has a 7-bedroom house in Florida and 2 lots of land in Miami Beach.
Dagmar DolbyNumber of owners: 8Net worth: 5.2 billion USD
After the death of her husband, Ray Dolby, Founder of Dolby Laboratories in 2013, Dagmar Dolby still lives near the company’s headquarters in San Francisco. However, she amassed a real estate portfolio worth nearly $90 million, including five properties in San Francisco and two lakeside properties, one in Sonoma.
The real estate is listed for sale by Ellison for $145 million, close to his $175 million home in Palm Beach. Photo: Daniel Petroni
Why do some American billionaires want to have many houses? Ranjeet Guptara, Senior Vice President of Asset Management at UBS explains because they see “real estate as a great indicator of status”. According to John Ennis, CEO of London-based real estate company Chestertons, billionaires live in a world of “wants” rather than “needs”. “They can pay for whatever they want,” he said.
Broker Shen Schulz calls these billionaires “peak hunters,” referring to their ability to buy whatever they want without restrictions. The difference after the pandemic is the type of real estate they seek. Accordingly, American billionaires tend to look for places with mountains, rivers, forests, lakes, beaches, and ocean views, so they often target places like Malibu, Hawaii, Telluride, Aspen, Santa Barbara, and the Hamptons. and Lake Tahoe.
In addition, to ensure a private life, they also acquired neighboring real estate around their residence for their relatives and entourage including pilots, chefs, personal trainers and nannies.
