Mark Zuckerberg Buys New House In Palo Alto

After years of renting notoriously spartan homes, Facebook founder Mark Zuckerberg finally has a house to call his own.

According to the Silicon Valley Mercury News, Zuckerberg has purchased a $7 million Palo Alto estate that features 5 bedrooms, a saltwater pool, and over 5,000 square feet of property. It would be the first house that Zuckerberg has actually purchased.

Though he heads up a site known for challenging our ideas of what privacy means, it remains to be seen how well-shielded Zuckerberg will be from the prying eyes of the outside world. Will the Facebook CEO have strict security on the property? Consider that earlier in the year a stalker, Pradeep Manukonda, harassed him repeatedly, showing up to his home with flowers and a handwritten note. Zuckerberg has a restraining order against Manukonda.

His new home is apparently set well back from the street and protected by a wall and trees. Still, Zuckerberg's new house is pretty budget, in comparison to the homes of some other tech leaders. Bill Gates' mansion (which has its own Wikipedia page) rings in at over 66,000 square feet, and is known as "Xanadu 2."

Comments

[Samiiam]

02:45 AM on 05/10/2011

Good job with coming to market with a disruptive technology, my congratulations.

[merikssont]

03:33 AM on 05/07/2011

Where does he get the money? He sold about 5% of his equity in Facepalmbook late last year (2010), which would have been worth around $200 million according to secondary market trading prices at the time. http://blogs.forbes.com/luisakroll/2011/03/09/facebook-founders-sold-shares/ Thanks to these unregulated secondary markets (SharesPost, SecondMarket, etc.), founders of overhyped social media startups can get their liquidity and go from rags to riches within just 1-2 years. Plus, he receives a yearly salary.

[YoBear]

09:20 PM on 05/06/2011

Interesting to see the anti-zuck comments here. He's definitely got a slimy side. Which is kind of funny because MySpace was the sleezy social network size and FB was the cleaner one.

[bloodonthemotorway]

11:52 AM on 05/07/2011

MySpace execs live in Palo Alto too

[YoBear]

07:13 PM on 05/07/2011

There goes the neighborhood.

[cvbnm67]

06:43 PM on 05/05/2011

Well at least he has an asset when the investors finally come after him for their money back. Enjoy it while it lasts Mark, because it won't.

Ex-MySpace executive.

[FreelanceWriter]

04:58 PM on 05/05/2011

Sorry, no love for Zuckerberg from me simply because of the origins of Facebook and because i believe Facebook continues to push the boundaries of personal privacy by NOT revealing things to its users till AFTER the fact. At which point, more and more we see lawyers or civil libertarians forcing Facebook to revise (or outright can) proposed things they had wanted to get away with...oops, I meant "wanted to try."

So, I'm still hoping he gets his behind sued for stealing the core concept of Facebook from others. That's still an injustice to be righted. And, as another court case slowly advances through the system, I'm still hoping he loses a ton of money given that he (apparently) made previous out of court settlements by giving FALSE and MISLEADING information about the actual worth of the company.

[Ramon Moreno]

06:37 PM on 05/05/2011

If we had accounts on facebook without our consent, you would have a semblance of a case.

[FreelanceWriter]

08:49 PM on 05/05/2011

Not true at all.

You can have an account with Facebook...with a retailer...a bank...whoever. Yes, YOU are the one who opened the account and therefore YOU are responsible.

HOWEVER...you also opened your account with any of them -- yes, Facebook included -- by agreeing to particulars Terms of Service. So, if any of them -- yes, Facebook included -- suddenly changes those terms...WITHOUT proper notice or worse by trying to sneakily and purposefully AVOID telling you the changes...

...Then you ABSOLUTELY have a case.

[bloodonthemotorway]

11:53 AM on 05/07/2011

A bunch of sites do the same thing. You chose to have an account deal with it.

[Parshwa Shah]

04:25 PM on 05/05/2011

this is great for zuck!

www.irepairworks.com - iPhone, iPod, iPad Repair

[frank day]

03:38 PM on 05/05/2011

Gotta wonder how much FaceBook is really worth.

[cvbnm67]

06:41 PM on 05/05/2011

Nothing!

The question we should be asking, is who's money did he buy that house with. Facebook has never made a profit and all of the money is from investors. Therefore, how can he afford to buy a new hoodie, let alone a $7M home?

[SimonFromSydney]

07:36 PM on 05/05/2011

he gets paid a salary, and there are things called banks where you can get loans, most rich people dont buy things outright, as you should know since you're a supposed "Ex-MySpace executive"