Mark Zuckerberg spent about $59 million to secretly buy two adjacent private waterfront estates in Lake Tahoe last winter
that Facebook CEO Mark Zuckerberg spent about $59 million on two adjacent properties in Lake Tahoe, a popular vacation destination for Northern Californians. The estates are on Lake Tahoe's west shore outside Tahoe City, an area known for"old, understated money—less flash, more hunker in the woods," according to the Wall Street Journal report.
The report said Zuckerberg purchased the properties through a limited-liability company called Golden Range and with his high-end wealth manager Iconiq Capital to keep the deals private. Real estate agents signed non-disclosure agreements and removed photos of the properties from their websites, per the Wall Street Journal report.
Between the two properties, Zuckerberg now owns 600 feet of private waterfront on Lake Tahoe. The area also counts the family of late Hewlett-Packard founder Bill Hewlett and the family of the late publishing icon Charles McClatchy as neighbors, according to the Wall Street Journal.
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