How Much Does Bill Gates Pay in Taxes? Property, Real Estate

Table Of Content

• Xanadu 2.0 is the smartest mansion on the planet
• Del Mar Country Club home, San Diego
• Altogether, Gates' garages can accommodate up to 23 cars.
• Pharo Office Building Park Associati
• Merv Griffin’s legendary desert estate hits the market for $36M
• Gates is reportedly the No. 42 largest landowner in the country.

With a net worth of $131 billion, Gates can easily afford such a technologically sophisticated home. Constructed over seven years at a cost of $66.5 million, the Gates’ residence spans over 66,000 square feet and showcases a plethora of luxurious amenities and cutting-edge technology. Xanadu 2.0 stands as one of the most expensive and technologically advanced homes globally.

Xanadu 2.0 is the smartest mansion on the planet

19 Crazy Facts About Bill Gates' House - Business Insider

19 Crazy Facts About Bill Gates' House.

Posted: Fri, 07 Nov 2014 08:00:00 GMT [source]

The 66,000 square foot mansion is located in a Medina suburb of Washington, standing tall over Lake Washington in Medina. It was designed by Bohlin Cywinski Jackson and Cutler-Anderson Architects, who also designed one for Steve Jobs. When the yearly tax payable on the property alone is US$1 million, one can only imagine its size and features. An entire room with a six-metre (20-foot) ceiling houses a trampoline complex, and the impressive house can accommodate 150 people for a sit-down dinner party. Well, Gates never does, with his $80,000 worth of screens installed all around the mansion.

Bill Gates homes may be up for grabs in divorce from Melinda - Los Angeles Times

Bill Gates homes may be up for grabs in divorce from Melinda.

Posted: Tue, 04 May 2021 07:00:00 GMT [source]

Del Mar Country Club home, San Diego

The estate is enclosed by an iron fence that is entered through a gateway with a giant letter "K" above it. Central to the estate is Xanadu proper, the castle-like mansion that served as Kane's home and repository for his enormous collection of antiquities and objets d'art. Xanadu has a butler and at least a few dozen footmen and maidservants, who are shown at the end of the scene where Kane wrecks his wife's suite after she leaves him. There are no photos available of the home online, but property records indicate the main house is 6,993 square feet, with eight full baths, eight bedrooms, two half baths, a sauna, and a home theater. It's almost guaranteed to match the surrounding homes, which heavily feature timber and stone.

Altogether, Gates' garages can accommodate up to 23 cars.

At 66,000 square feet, the home is absolutely massive, and it's loaded to the brim with high-tech details. Before the construction began, Bill gates bought the lot for  $2 million in 1988. He also bought the surrounding structures for extra space and privacy, bringing the total cost to $14.4 million. It features an Art Deco style complete with comfortable armchairs and couches, excellent lighting, and even a popcorn machine for the best experience. With the critical use of trees to cool this mansion, it is imperative to make sure they are well taken care of.

Other known details about the house are that it was divided into pavilions that were terraced into a 50m hill and that it was designed by the architects James Cutler and Peter Bohlin. Bohlin's firm later designed the famous Apple cube at the company's store on Fifth Avenue in New York. Reflecting its grandeur, the property’s 2009 taxes were reported at over $1 million, based on an assessed value of $147.5 million. The library in the mansion, with its domed ceiling and central oculus, offers a peaceful reading sanctuary, blending traditional design with the treasure of Leonardo da Vinci’s 16th-century Codex Leicester. The estate is a tech enthusiast’s dream, boasting a state-wide server system and unparalleled security measures to ensure privacy and comfort​​. Many can only aspire to own a home like Xanadu 2.0, but Melinda seemed to prefer the simpler pleasures of a cosier home instead of this palace.

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Of course, the house is decked out in smart-home technology adjust lighting and other settings. Gates purchased the lot in 1988 and it took hundreds of workers seven years to build the house, according to The Street. Architects James Cutler and Peter Bohlin designed the house in a Pacific Northwest lodge style with half a million board feet of lumber used. The construction work also included moving a preexisting house off the lot with a barge, and then fixing a runoff problem by building an artificial stream, as U.S.

It is a 2,300 square-foot hall with a sitting capacity of 150 people and, if standing, can host 200 guests. For the ultimate dinners and cocktail parties, the hall features a 6-foot-wide limestone fireplace on one wall and a 22-foot-wide video screen on another. The 48,000-square-foot mansion boasts 7 bedrooms, 24 bathrooms, a 20-person home cinema, and a 60-foot swimming pool with an underwater sound system and a glass wall. Apart from other exercise facilities such as the swimming pools, the house has a 25,000-square-foot gym that includes a large trampoline room with a 20-feet ceiling.

According to US News, the 1,900-square-foot guest house was the first building to be completed on the property. The house — which has its own bedroom and bathroom — was meant to be a test of the technology that would eventually be used in the main house. The one-bedroom and one-bath 1,900-square-foot smart guest house located within the complex was the first structure to be completed. The builders used it to test whether the technology currently in the main house would work, and it was successful. Additionally, the house features a square foot dining room that can host 24 people. All told, the property includes seven bedrooms, 24 bathrooms (including 10 full baths), six kitchens, and six fireplaces.

Gates is reportedly the No. 42 largest landowner in the country.

No word on how big the trampoline is, but we can imagine it would be a fun alternative to your standard exercise routine. The exercise facilities total 2,500 square feet and also include a sauna, steam room, and separate men's and women's locker rooms. The Xanadu 2.0 gives fantastic views of Lake Washington and the Medina skyline and boasts 475 ft of the lake's waterfront. Apart from this natural water body, the house also features artificial streams and estuary systems that add to the complex's class. The details of the waterfront compound have been kept incredibly private by the Gates family – so much so that a tour of the property went for $35,000 at a charity auction in 2009, according to TechCrunch. The Gates own multiple other parcels of land surrounding the main property, according to public records, so walking by to catch a glimpse is out of the question.

The home features six kitchens, a steam room, a sauna, and a 25,000-square-foot gym, underscoring the estate’s opulence. The walls of Xanadu 2.0 serve as a digital canvas, showcasing an array of photographs, paintings, and high-end art, reflecting Gates’ interest in both technology and arts. The estate boasts a hillside garage ingeniously integrated into the landscape, designed to comfortably hold 20 cars.

Gates wrote much of "The Road Ahead," his 1995 nonfiction book on the future of tech, at this guest house. The house was built with 500-year-old Douglas fir trees, and 300 construction workers labored on the home — 100 of whom were electricians. With a net worth of $95.3 billion, Microsoft cofounder Bill Gates is the second-richest man in America, behind fellow Washington resident Jeff Bezos. The lakefront shore contains sand that's delivered in large quantities by a barge from St. Lucia each year. As part of the Microsoft auctions that harvest proceeds for the company's charity projects, a Microsoft employee once bid $ to win a private tour of the house. With all the features of this house and the fact that it belongs to one of the smartest and rich people globally, it needed the best workers.

According to the listing, the property boasts a "spectacular" and "awe-inspiring 180-degree Lake Washington, Seattle skyline and Olympic mtn views". RE/MAX's listing showed a "pending" status for the "mid-century modern" home. While the amount that the property ultimately went for is unknown, the outlet reported that it was originally put up for sale on March 29 with an asking price of nearly $4.989 million. We'll be in your inbox every morning Monday-Saturday with all the day’s top business news, inspiring stories, best advice and exclusive reporting from Entrepreneur. Coco Meers, the CEO and co-founder of Equilibria, a women-focused company that specializes in CBD products, on what it takes to sustain success. As the old saying goes, nothing can be said to be certain except death and taxes.

The vast majority of that — about 242,00 acres — is farmland, with the most acreage in Louisiana, Arkansas, and Arizona, per the Land Report. Needless to say, people have opinions about Bill Gates’ mansion in Medina, and they’re not shy from sharing it across social media. In fact, when Melinda was brought aboard, the place was “a bachelor’s dream and a bride’s nightmare,” according to a 2008 profile of Ms. Gates in Fortune magazine.

At the time he purchased it, Rancho Paseana featured a racetrack, guesthouse, office, veterinarian's suite, olive orchard, and five barns with living quarters attached. It was previously owned by Jenny Craig, the weight loss personality, and was developed by thoroughbred racer Gene Klein and his trainer Wayne Lucas, according to a listing. When visiting Gates’ house, guests receive a pin that interacts with the sensors, allowing them to change temperature and lighting settings as they see fit.