Feeds

Wanna be Zuckerberg's neighbor? Tough luck, he bought the block for $30m

So THAT'S how much privacy costs

Next gen security for virtualised datacentres

How much would you pay to live next door to Mark Zuckerberg? Answer: Probably not as much as Zuck himself has paid to make sure you don't live next door to him.

The San Jose Mercury News reports that the Facebook founder has shelled out more than $30m to buy four houses adjacent his five-bedroom residence in an upscale neighborhood of Palo Alto, California - after learning that a developer planned to build a large house on one of the properties and market it to buyers who liked the idea of being Zuckerberg's neighbor.

According to public records, the social media mogul plonked down $14m on just one of the houses, at a cost of around $5,400 per square foot – a figure that a local real-estate agent described as "absurdly high."

An average sale price of $7.5m per house is just a drop in the bucket to the 29-year-old Zuckerberg, however, who has an estimated net worth in the realm of $19bn.

Zuckerberg bought his Palo Alto residence in 2011 for about $7m, and he and wife Priscilla Chan snapped up a 5,500-square-foot, $10m house in a tony neighborhood of San Francisco earlier this year.

He reportedly started buying up the properties around his Palo Alto pad in December 2012, via companies associated with San Francisco firm Iconiq Capital.

But Zuck is no Charles Foster Kane, sources say. Rather than leveling the houses to build himself a palatial estate, he plans to lease them back to the families that are already living there.

It seems that a man who made his fortune from a website where people share every aspect of their lives believes there is some value in privacy, after all – as long as you have the money to pay for it. ®

Next gen security for virtualised datacentres

More from The Register

next story
UK fuzz want PINCODES on ALL mobile phones
Met Police calls for mandatory passwords on all new mobes
Don't call it throttling: Ericsson 'priority' tech gives users their own slice of spectrum
Actually it's a nifty trick - at least you'll pay for what you get
Three floats Jolla in Hong Kong: Says Sailfish is '3rd option'
Network throws hat into ring with Linux-powered handsets
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
Fifteen zero days found in hacker router comp romp
Four routers rooted in SOHOpelessly Broken challenge
New Sprint CEO says he will lower axe on staff – but prices come first
'Very disruptive' new rates to be revealed next week
US TV stations bowl sueball directly at FCC's spectrum mega-sale
Broadcasters upset about coverage and cost as they shift up and down the dials
Tech city types developing 'Google Glass for the blind' app
An app and service where other people 'see' for you
Canadian ISP Shaw falls over with 'routing' sickness
How sure are you of cloud computing now?
UK mobile coverage is BETTER than EVER, networks tell Ofcom
Regulator swallows this line and parrots it back out at us. What are they playing at?
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.