Precisely how much money do the billionaires on Forbes’ newest list have? To put it into context, we made a list of billionaires who could afford to get every home in certain cities.
Jeff Bezos, who took the top spot on this year’s Forbes list of billionaires, couldn’t afford to purchase every home in Amazon’s hometown of Seattle. But he could almost scoop up every home in Washington, D.C., near the business ’s forthcoming HQ2 at the Crystal City neighborhood of Arlington, Virginia, and he’d easily be able to buy every home in Arlington.
That’s according to some Redfin calculation of the aggregate value of all single-family homes, condos and townhouses in U.S. cities with more than 1,000 homes, paired with net worth information from Forbes’ compilation of 2019 billionaires. To calculate the value of all homes in a town, we added up the most recent Redfin quote for each home.
Not one of the world’s wealthiest people could outright buy Seattle’s approximately 230,000 homes, worth a total of $182.9 billion. Bezos comes closest, with a net worth of $131 billion–certainly enough to buy all of them if he took out a couple of loans. And if he earns an extra half-billion or negotiates some costs down, he could pick up Washington, D.C.’s 200,000 homes, worth a total of $131.5 billion. He could buy Arlington’s $46.7 billion worth of real estate almost three times over. Bezos could also hypothetically buy the $129.9 billion worth of homes in Austin, which was on Amazon’s HQ2 shortlist.
Kylie Jenner, 21, is currently the world’s youngest billionaire–whether she’s self-made or not. With a net worth of $1 billion, the KarJenner sister is far from being able to buy all homes in her Calabasas, California hometown (worth a total of $12.9 billion), but she could take her pick of other tiny cities across the U.S.. A couple of choices where Jenner could purchase all the homes for under $1 billion and possibly turn a few of them into vacation spots for her family? Waikapu, located on the Hawaiian island of Maui, or Occidental, a community in Sonoma County.
Below is a listing of select billionaires (or billionaire families) paired with a town where they could hypothetically afford to get every single single-family home, condominium and townhouse. Lots of the billionaires on the list could hypothetically afford to buy every home in numerous cities (as an example, Warren Buffett could scoop up every home in his hometown of Omaha, Nebraska a few times over); we are highlighting one close to but not over their net worth.
Source of wealth
Approximate number of houses /
Value of all homes
Jeff Bezos & family/
Long Beach, CA
Colorado Springs, CO
Francoise Bettencourt Mayers/
Myrtle Beach, SC
Laurene Powell Jobs & family/
The Woodlands, TX
Armani fashion labels
South Pasadena, CA
Ralph Lauren fashion labels
Twitter & Square
West Ocean City, MD
The article Kylie Jenner Could Buy an Entire Community in Maui–See Which Billionaire Could Buy Your City appeared first on Redfin Real-Time.
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