Traverse City Record-Eagle

Real Estate News

June 6, 2012

New Billionaires: Facebook and Other Tech Titans’ Homes

Syndicated — The new rock stars on the Forbes list of wealthiest people in the world aren't bankers or investors, movie stars or pop singers. They're techies.

And with Facebook's long-awaited IPO on the NASDAQ last week, the social website's creator and execs have officially joined the technology billionaires' club.

Facebook's stock price may have retreated from its opening mark, but even that surprising price fade could not keep it from being the third-largest IPO ever.

In honor of Facebook's heralded entry into the public domain - and the billions in cash it generated for the company and investors - we're taking a look at the Facebook founders' real estate holdings as well as other titans of the tech industry.

Mark Zuckerberg

Source: DigitalTrends

Source: The TelegraphFacebook founder and CEO

Net worth: $15.5 billion

For years, the 28-year-old Facebook founder was a renter, preferring modest homes within walking distance of the company headquarters in Menlo Park. Despite a net worth topping $15 billion, he bought a 5-bedroom, 5.5-bath home for $7 million. The 5,617-square-feet Palo Alto home (above) has more than enough room for Zuckerberg, including an outdoor gazebo with wood-burning fireplace, salt-water swimming pool, and spa. The home is set back from the street, covered partially by greenery. It's luxe, but pales in comparison to some of Zuckerberg's peers.

Sean Parker

Napster founder and former Facebook president

Net worth: $2.1 billion

Sean Parker still has a 4 percent stake in Facebook, meaning the recent IPO upped his net worth significantly. Parker purchased a Greenwich Village party house nicknamed the "Bacchus House" for $20 million in January 2011 after renting it for $45,000 a month. The Beaux Arts-style home (above) is situated on one of the best streets in Greenwich Village, adjacent to a row of aristocratic mansions. The 7,500-square-foot home includes 6 bedrooms, 7.5 baths, a highly coveted private garage, indoor pool and a landscaped atrium.

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