Mark Zuckerberg becomes a home owner: report

May 05, 2011
Facebook founder and CEO Mark Zuckerberg, pictured at a meeting headlined by President Barack Obama on April 20, has finally traded renting for home ownership, according to a local newspaper.

A local newspaper on Thursday reported that Facebook co-founder Mark Zuckerberg is giving up life as a renter for a posh house a short drive from the social network's new Silicon Valley campus.

The Bay Area News Group reported that Zuckerberg bought a home in Palo Alto, the northern California city he has lived in since dropping out of to devote himself to after it launched in early 2004.

Public records indicate that Zuckerberg, who will be 27 years old on May 14, paid $7 million for a home boasting a saltwater pool, a music alcove, and five bedrooms, according to the newspaper group.

News of the house purchase came as Facebook prepared to move its fast-growing operations to a sprawling campus once home to .

Facebook has seen its ranks of employees increase by about 50 percent annually and is already cramped in the space it moved into in Palo Alto in early 2009.

The former Sun campus in the city of Menlo Park, which borders Palo Alto, has nine buildings with a total of a million square feet (92,900 square meters) of office space set on 57 acres (23 hectares) of land, according to Facebook director of real estate John Tenanes.

"We've been looking for a setting where we can plant some roots," Facebook chief financial officer David Ebersman said while unveiling the plan in February with city officials at Menlo Park City Hall.

Explore further: EU Parliament votes to break up Google

add to favorites email to friend print save as pdf

Related Stories

Obama to answer questions at Facebook HQ

Apr 05, 2011

US President Barack Obama will answer questions submitted via Facebook during an appearance at the social network's California headquarters later this month, the White House said Tuesday.

Facebook holds inaugural 'Hackers Cup'

Dec 11, 2010

Facebook is challenging software hotshots around the world to show their mettle in the online social networking king's first "Hackers Cup."

Recommended for you

EU Parliament votes to break up Google

23 hours ago

The European Parliament voted overwhelmingly for the break-up of Google Thursday in a largely symbolic vote that nevertheless cast another blow in the four-year standoff between Brussels and the US Internet ...

Toyota finds new air bag issue, recalls more cars

Nov 27, 2014

Toyota Motor Corp. recalled more than 40,000 vehicles in Japan on Thursday as part of a worldwide scare over defective air bags and is investigating a new type of air bag problem that could lead to further recalls.

Netflix sues Yahoo CIO for alleged kickbacks

Nov 26, 2014

Netflix is suing a former company vice president who is now chief information officer at Yahoo, accusing him of receiving money from vendors he hired to work with the video streaming company.

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

that_guy
3 / 5 (2) May 06, 2011
Does anyone else think that this article has nothing to do with science or technology except that mark zuckerberg is head of facebook?

...or the fact that only 3 centences in the entire article have anything to do with him buying a home.

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.