Ultra-wealthy real estate trend: Acquiring nearby homes to manage domestic staff
- 1Oracle co-founder Larry Ellison is purchasing Florida real estate to keep domestic staff close by.
- 2Mark Zuckerberg has spent over $110 million since 2011 to secure at least 11 homes in the Crescent Park area.
- 3The ultra-wealthy purchase real estate through LLCs or private trusts to maintain anonymity.
So what's the key point?
Very wealthy people are buying nearby houses to keep their staff close. Mark Zuckerberg has spent more than $110 million to acquire several homes.
Source Fortune · View original ↗
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