According to reports, it was this year’s most expensive home sale in San Francisco. Mark Zuckerberg, the co-founder of Facebook, sold his San Francisco home for $31 million, more than three times what he paid for it in 2012.
It was the most expensive home sale in San Francisco this year, according to a Mint study. For about $10 million, Zuckerberg purchased the house in November 2012. The more than 7,000 square foot house is located off Dolores Park in the Liberty Hill neighbourhood. The 1928-built residence is situated on a quarter-acre site.
According to reports, the CEO of Meta Platforms bought the home few months after Facebook went public. In 2013, Zuckerberg and his wife, Priscilla Chan, undertook a multi-million dollar renovation project that includes extensions and changes such a laundry room, wine room, wet bar, and greenhouse. The software tycoon reportedly has a number of additional homes in Silicon Valley, Lake Tahoe, and Hawaii.
The original $10 million house, which was first stated as having more than 7,400 square feet, has reportedly undergone extensive renovations, according to another story by Dailymail.com. The neighbourhood has frequently complained to Zuckerberg over the years about construction and “illegally” parked cars.
In Silicon Valley, it is said that Zuckerberg owns a $37 million “five-house compound.” After purchasing the four adjacent homes, he expanded the original $7 million Palo Alto home he bought in 2011 into a sizable estate.
Forbes estimates that Zuckerberg’s net worth will be $67.3 billion in 2022. He is currently ranked 15th on Forbes’ list of the world’s richest people.