It’s safe to say that Mark Zuckerberg doesn’t particularly care for your privacy. In fact, due to Facebook alone a number of privacy groups have sprung up all over the world. Privacy advocates have had Facebook Inc (NASDAQ:FB) in their sights for years but it’s Zuckerberg who pulled the trigger on a multiple house purchase in Palo Alto, CA citing privacy concerns.
You would think for a man worth an estimated $17 billion he would by a new hoodie rather than four houses but it’s quite clear that Zuckerberg marches to a different beat.
Zuckerberg’s property purchase
The Facebook Inc (NASDAQ:FB) founder and CEO reached into his jeans for more than $30 million in total for the new properties, with one purchased for $14 million. That’s either a smart realtor’s work or a frickin’ castle. Facebook has yet to comment — but as the Mercury News notes:
He has no plans to build a Taj Mahal on the land, according to a person with knowledge of the transactions, who said Zuckerberg is leasing the existing homes back to the families that live there. The 29-year-old multibillionaire acted after he learned of a developer’s plan to buy one of the properties next door to the Facebook Inc (NASDAQ:FB) co-founder, said the source. “The developer was going to build a huge house and market the property as being next door to Mark Zuckerberg.”
His current property, which sits amidst what can now only be called a compound that would make Vito Corleone blush, was purchased for $7 million and has around 5,000 square feet. Zuckerberg shares the house with his long-standing girlfriend cum wife, Priscilla Chan.
The 29-year-old Facebook Inc (NASDAQ:FB) founder reportedly spent $7 million on his current 5,000-square-foot crash pad, where he lives with his wife, Priscilla Chan.
Zuckerberg will certainly take heat in the media given the ease by which one can write about privacy and the lack of it where he and Facebook Inc (NASDAQ:FB) are concerned. It seems overly harsh given that you have to spend your money somewhere, and why not on your house? Zuckerberg’s wealth will only grow and in the time it’s taken to write this piece he’s probably made a fair bit of it back.