Foreign Property News | Posted by Si Thu Aung
Amazon.com Inc. Founder and former CEO Jeff Bezos is a figure synonymous with immense wealth and success. As of November, he ranks as the third-richest person in the world. Over the past decade, his net worth has skyrocketed by $125.6 billion. This substantial increase breaks down to $12.56 billion per year, $34.4 million per day, $1.43 million per hour and about $23,833 per minute. Bezos primarily derives his income from his substantial 9.73% ownership stake in Amazon, valued at $88.43 billion. His financial endeavors encompass more than just his Amazon holdings. He shifted his focus to Blue Origin, aprivate space exploration company, after relinquishing his CEO position at Amazon in...
Foreign Property News | Posted by Zarni Kyaw
Elton John’s Atlanta home, known for its flamboyant flair, has just fetched a whopping $7.22 million, soaring 45% above its initial asking price — and not long after listing for sale. The listing agent, Chase Mizell of Atlanta Fine Homes Sotheby’s International Realty, confirmed the sale to the Wall Street Journal. The “Rocket Man” singer had long utilized this opulent condo as his American pied-à-terre. The residence hit the market in September, right on the heels of his unforgettable farewell tour, with an asking price of $4.99 million. Mizell, the real estate maestro behind this sale, remained tight-lipped about the buyer’s identity but...
Foreign Property News | Posted by Si Thu Aung
The historic estate across the pond where Rihanna spent her time has sold. The 6,300-plus-square-foot double-fronted home in London’s tony St John’s Wood Park neighborhood has just been purchased by a Chinese millionaire and his family for $33.4 million, setting a new price record for the nabe and making it the most expensive house to sell in North London this year. Originally built for a diamond tycoon in 1844, the mansion was constructed by royal architect John Shaw, and is the only one of Shaw’s villas in the area to survive into this century. Since its noble beginnings, the detached manor has been fully refurbished and modernized. The Barbadian...
Foreign Property News | Posted by Hnin Ei Khin
Bill Gates' ex-assistant has rocketed up the list of the world's richest people, and could soon overtake Microsoft's world-famous cofounder and his former boss in net worth. Steve Ballmer's fortune has grown by an estimated $29 billion this year to about $115 billion, ranking him fifth on the Bloomberg Billionaires Index. He now trails Gates — in fourth place with $121 billion — by just $6 billion, compared to $17 billion three months ago. Ballmer is currently richer than Larry Ellison ($114 billion), Warren Buffett ($111 billion),Larry Page ($110 billion), Mark Zuckerberg ($108 billion), and Sergey Brin ($105 billion), the index shows. Ballmer joined Microsoft in 1980 as...
Foreign Property News | Posted by Shwe Zin Win
Bollywood actor Preity Zinta has bought an apartment in Mumbai's Bandra for Rs 17.01 crore, according to documents accessed by realty platform IndexTap.com. The apartment, with a carpet area of 1,474 sq ft, is located in the posh locality of Pali Hill and comes with two reserve parking spots. The seller is Keystone Realtors Limited and the document was registered on October 23. Zinta paid a stamp duty of Rs 85.07 lakh for the apartment, the documents showed. Moneycontrol is awaiting response to email queries sent to Zinta and Keystone Realtors, the listed entity of the Rustomjee group. In other recent activity in the Mumbai real estate market,...
Foreign Property News | Posted by Hnin Ei Khin
He was included in Forbes's 2023 list of the United States' Most Generous Givers, according to which he has donated $1.56 billion. Ken Griffin is out to set another real estate record.In 2019, the Citadel CEO and founder splashed out a staggering $238 million for a New York City penthouse, the most anyone in the country has ever paid for a piece of residential property. Now, in Palm Beach, Florida, he’s in the midst of building what’s expected to become the priciest home on the planet, The New York Post reported. The billionaire hedge fund manager’s new house will be situated on one of Palm Beach’s largest private waterfront sites. Per the Post, Griffin has...
Foreign Property News | Posted by Hnin Ei Khin
Legendary investor Warren Buffett, known for his investment acumen and frugality, has always shown a different perspective on wealth and legacy. Living in the same home for over six decades, he epitomizes the adage that it's not about how much you have but what you do with it. His daughter Susan shared a glimpse of this philosophy on "Good Morning America" in 2006. After requesting a $41,000 loan for a kitchen renovation to fit her daughter's high chair, her father's response was straightforward: "Go to the bank and do it like everyone else." Such anecdotes are emblematic of Buffett's stance on dollar-based legacies. In 1977, each of the three Buffett offspring received $90,000. This sum...
Foreign Property News | Posted by Zarni Kyaw
Jeff Bezos has snapped up a neighbor's $79 million mansion in Florida's 'Billionaire Bunker' months after it hit the market for $85 million. The Amazon founder bought the seven-bedroom property in the exclusive Indian Creek Village near Miami, which counts Ivanka Trump and Tom Brady among its residents. The 11-bathroom home is set across 19,064 sq. ft and boasts sweeping views across Biscayne Bay. The property was built in 2000 and previously belonged to steel magnate Leroy Schecter, who sold last sold it in 2014 for $28 million. Bezos has been expanding his property portfolio since his engagement to Lauren Sanchez earlier this year. (Jeff Bezos has purchased a $79...
Foreign Property News | Posted by Aye Myat Thu
Sometime in the early 1980s, Charles Feeney took stock of what he had. He had luxury apartments in New York, London and Paris and posh getaways in Aspen and the French Riviera. He hobnobbed with the other mega-rich on yachts and private jets. If he wanted it, he could afford it, after amassing a multibillion-dollar fortune as one of the first moguls in duty-free shopping. Gradually, though, he grew uneasy with having so much for himself and began to consider the obligations that came with great wealth. He decided to give nearly all of it away — close to $8 billion — donation by donation, charity by charity, year after year. “It’s much more fun to give while you...
Foreign Property News | Posted by Zarni Kyaw
The sprawling 1.2-acre Beverly Hills mansion that Jennifer Lopez and Ben Affleck rented before finally purchasing a place of their own has hit the market for a cool $85 million. “[It’s] in one of the best locations of Beverly Hills sitting at the end of a cul-de-sac,” the Agency’s Santiago Arana, who shares the listing with Coldwell Banker’s Jade Mills, told The Post of the 12-bedroom abode.“ The gated California compound is owned by late media mogul Kerry Packer’s son, James Packer, who once dated Mariah Carey, and purchased the property for approximately $65 million in 2018, according to the Wall Street Journal, which first reported the...