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Where Do The Richest Americans Live?

Where Do The Richest Americans Live?

Where Do The Richest Americans Live?

Have you seen the most recent "Forbes 400: The Complete List of America's Richest People"?

Bill Gates, with a net worth of $81 billion, is rated first for the 23rd year in a row. His friend Warren Buffett, who has a $65.5 billion net worth, fell to third place for the first time in 15 years.

CEOs of hot IT firms appear to be gaining money at a significantly quicker rate than others, thanks to skyrocketing stock values of such companies. Jeff Bezos, CEO of, boosted his wealth to $67 billion, moving up to the position of second-richest American.

Facebook CEO Mark Zuckerberg climbed to fourth place, his highest ever position, with a net worth of $55.5 billion. Larry Ellison, the creator of Oracle, however, came in fifth place for the first time since 2007. His total wealth is $49.3 billion.

Former New York City Mayor Michael Bloomberg, CEO of the namesake corporation Bloomberg L.P., is ranked sixth with a net worth of $45 billion.

The combined wealth of the top six multibillionaires is $363.3 billion, the majority of which is still held as stock in the companies they founded. However, a chunk of their wealth comes from real estate. For instance, Mr. Gates has a $170 million home in Washington, many horse ranches around the nation, and shares in numerous upscale hotel chains through his private investment company, Cascade.

View the residences of the six richest individuals on earth:

1. Bill Gates has an 81 billion dollar net worth. My hometown is Medina, Washington.

The majority of Mr. Gates' time is spent at his 66,000-square-foot home in Medina, Washington, which is called Xanadu 2.0 after the mansion of Citizen Kane's protagonist. The house boasts a Lake Washington vista. Mr. Gates spent seven years and $63.2 million to develop this mansion, which is packed with high-tech amenities. According to public records, he paid $2 million for the land in 1988, but it is now worth an estimated $170 million.

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2. Jeff Bezos's net worth is $67 billion. My hometown is Medina, Washington.

The 52-year-old Mr. Bezos, who established his e-commerce business, accumulated a sizable quantity of real estate, which allowed him to rank No. 26 on The Land Report's list of America's wealthiest landowners last year. He reportedly owns a waterfront mansion in Washington state, three connected apartments in Manhattan's Century Tower, a 165,000-acre ranch in West Texas, and a 12,000-square-foot Beverly Hills residence with The Forbes website describes Tom Cruise as a neighbor.

His 5.35-acre estate, which is close to the Amazon headquarters in Medina, Washington, offers a living space of about 29,000 square feet. In addition to the main home, there is a 4,500-square-foot boathouse on Lake Washington and a caretaker's cottage.

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3. Warren Buffett's net worth is $65.5 billion. I'm from Omaha, Nebraska, and I live there.

Despite having various real estate ventures, Mr. Buffett, 86, is recognized for leading a humble life.

He paid $31,500 for his corner home in Omaha, Nebraska, in 1958. Mr. Buffett has resided there since then. The mansion, which was erected in 1921, has been expanded multiple times to become a snug and comfortable 6,500-square-foot residence for the man with a net worth of more than $65.5 billion.

4. Facebook's Mark Zuckerberg$55.5 billion in value Palo Alto, California is where I call home.

The world's youngest billionaire invests the majority of his fortune towards education, health, and other philanthropic endeavors. His real estate holdings include his Palo Alto house and a $9.9 million pied-a-terre in San Francisco's Dolores Park.

In 2011, Mr. Zuckerberg, 32, paid $7 million for his first 5,000 square foot Craftsman-style house in Palo Alto. In the years thereafter, he has purchased four of the properties around his property for a total of $43.8 million in order to maintain his solitude. He no longer plans to tear down and rebuild those four homes, though.

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5. Larry Ellison is number five.$49.3 billion in value Woodside, California is where I call home.

Oracle executive chairman Larry Ellison, 72, has sizable real estate holdings. He has purchased entire communities in Malibu and surrounding Lake Tahoe. He reportedly has a garden palace in Kyoto, Japan, worth $7 million, a Beechwood palace in Newport, Rhode Island, valued at $7 million, and 98% of Lanai, Hawaii's sixth-largest island, which he bought for $500 million in 2012.

His $110 million mansion in Woodside, California, is designed after 16th-century Japanese style and includes a man-made 2.3-acre lake.

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6. Michael Bloomberg is worth $45 billion. Manhattan, New York is where I call home.

Michael Bloomberg, a 74-year-old former mayor of New York City, is the owner of several residences across the globe. He spends the majority of his time in his Upper Estate Side home, but he also has properties in the Hamptons, London, Bermuda, Colorado, and Florida.

Mr. Bloomberg's townhouse at 17 East 79th St. is five floors tall and has a limestone facade. Mr. Bloomberg stayed in the townhouse rather than the Gracie Mansion throughout his three years as mayor. However, it appears that he has plans to turn it into a mega-mansion. He has been steadily purchasing apartments at 19 East 79th St., the townhouse co-op located next door to his current property, since 1989. Bloomberg now owns five of the six flats in the white 1880 Greek revival-style structure, according to The New York Observer.

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