Table Of Content
- Medina is a city of about 3,000 people. The Medina Beach Park doubles as the City Hall and police station.
- What we know about Xanadu 2.0, Bill and Melinda Gates’s $131m private estate
- Private Mountain Tunnel Entrance
- A single tour of the house can cost $35 000
- Xanadu 2.0 is the smartest mansion on the planet
Every year, billionaires must take out their checkbooks and send off thousands to their local governments. While the amount they pay is typically pennies compared to their overall net worth, some billionaires who have amassed large real estate portfolios pay tax sums that would make the jaws of mere mortals drop. There are several garages at different locations around the premises. The coolest one is an underground garage that can take up to 10 cars and is made out of concrete and stainless steel.
What we know about Xanadu 2.0, Bill and Melinda Gates's $131m private estate - The Irish Times
What we know about Xanadu 2.0, Bill and Melinda Gates's $131m private estate.
Posted: Fri, 14 May 2021 07:00:00 GMT [source]
Medina is a city of about 3,000 people. The Medina Beach Park doubles as the City Hall and police station.
The home, which cost $43 million and set a record at the time, came with a tax bill of about $480,000 last year. The estate also boasts a championship golf course and a Venetian-style canal with gondolas. The extensive zoo and aquarium were stocked with a menagerie of animals including monkeys, horses, giraffes, birds, octopuses, elephants and donkeys.
What we know about Xanadu 2.0, Bill and Melinda Gates’s $131m private estate
The residence which features four bedrooms, three full bathrooms a large deck, and a zen garden, sits on a 0.61-acre lot, equipped equipped with radiant heated floors. While high by most standards, Gates' property tax bill represents less than 0.01% of his $148 billion net worth — and a fraction of his total tax bill. In Florida, where Gates owns an equestrian compound in Wellington, he paid $280,000 in taxes last year, and in Montana, where he has a house in the exclusive Yellowstone Club, he paid $107,000.
Private Mountain Tunnel Entrance
Architects James Cutler and Peter Bohlin were the draftsmen of the Pacific lodge-themed house. Designer Thierry Despont was responsible for the striking interiors and was personally appointed by Melinda Gates. However, Gates still owns roughly 1% of Microsoft shares, Bloomberg reported. The other home Gates owns in Medina remains under his ownership, the Realtor reported.
In summary, Bill Gates’ Xanadu 2.0 is a stunning representation of modern luxury and advanced technology, with a staggering price tag of $131 million. This exceptional residence exemplifies Gates’ status as one of the wealthiest individuals globally and showcases his passion for innovation and sustainable living. Furthermore, Xanadu 2.0 demonstrates a commitment to sustainable living through its energy-efficient design and eco-friendly systems. The property utilizes a geothermal heating and cooling system, a heat recovery ventilation system, and a rainwater collection system for irrigation purposes. The stream and wetland estuary were created to solve any problems with runoff that the property's large walls might have created.
A single tour of the house can cost $35 000
The Vintage Club, whose membership reportedly includes billionaires Charles Koch and Dennis Washington, costs $300,000 to join and charges another $45,000 in annual dues. "My house is being designed and constructed so that it's a bit ahead of its time," Gates wrote in his 1995 book "The Road Ahead." It is made of wood, stone, glass, concrete, and "silicon and software." Bill Gates bought the land and started building his house in Medina well before the two wed in 1994 (the couple married on the Hawaiian island of Lanai on New Year’s Day). As you’d probably expect from a man who once revolutionized the world of personal computers, the Microsoft cofounder’s home is heavy on tech, incorporating some very unique uses for technology.
There are several different garages at different points around the property. The most interesting one, however, is an underground cave made out of concrete and stainless steel. Some of the concrete was purposely broken to give it a rough, "deconstructivist" look. The 900-square-foot building sits next to Gates' sport court, putting green, and boat docks. It has 7 bedrooms and a whopping 18.75 bathrooms, according to public records.
Xanadu 2.0 is the smartest mansion on the planet
Interior photos and engineering details of the 1,900 square-foot guest house can be found here, and more information about the entire property is available here. Bill Gates, co-founder of Microsoft and one of the world’s richest men with a net worth of $104 billion, resides in an extraordinary mansion known as Xanadu 2.0. Located in the exclusive community of Medina, Washington, near Seattle, this state-of-the-art abode is valued at an astounding $131 million. The 60-foot pool is in its own separate, 3,900-square-foot building — the large brown building in the photo above. People in the pool could swim underneath a glass wall to come up to a terrace area on the outside.
25 facts about Bill Gates's Medina mansion - Curbed Seattle
25 facts about Bill Gates's Medina mansion.
Posted: Fri, 23 Feb 2018 08:00:00 GMT [source]
According to a previous report, the tech billionaire invested tens of millions of dollars into building that 66,000-square-foot house. While Gates pays a higher effective tax rate on his wealth growth than other billionaires, he has a lower effective tax rate on his income than most other billionaires and high-earning Americans. The former richest man in the world, Gates has amassed 275,000 acres of land, making him the country's 42nd biggest landowner, according to the Land Report. While most of that is farmland and tied to investments, 245 acres are for personal use.
Microsoft founder Bill Gates now reportedly owns one less house after reaching a deal to sell a 2,430-square-foot house he owned in Medina, Washington this month, Fox News reported. He and French Gates spent more than $150 million over three decades buying up their current real estate portfolio. Following their 2021 divorce, a number of the properties were transferred from one trust to another. It's nearly impossible to discern who owns what, as all their trusts are linked to the same Seattle bank.
The home is so grand that, in 2009 as part of Microsoft’s annual charity drive, a tour of the mansion went under the hammer for US$35,000, per Techcrunch. While technology can boost individual efficiency and effectiveness, it's essential to balance their use with human intuition and creativity to avoid losing personal connection and to optimize workplace satisfaction. Xanadu's interior especially does not appear at all homey or cozy, symbolizing the emptiness of Kane's later life. There are 6 kitchens in Bill Gates’ house and 24 bathrooms, 10 of which contain bathtubs.
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