Mark Zuckerberg | Zuckerberg sold his house in San Francisco; Sales for $31 million

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Facebook co-founder Mark Zuckerberg has reportedly sold his house in San Francisco. Reports also indicate that Zuckerberg sold the house he bought for $10 million in 2012 for $31 million. This is the largest home sale in San Francisco so far this year.

The 7,000-square-foot home is located in the Liberty Hill neighborhood outside Dolores Park. The home is located near the Mission District and San Francisco’s Zuckerberg General Hospital and Trauma Center. This house was built in 1928. After buying the house, Mark Zuckerberg and his wife Priscilla Chan spent millions renovating the house in 2013. Changes include a laundry room, wine room and expanded greenhouse. Zuckerberg bought this house a few months after founding the Facebook company.

Why did Zuckerberg sell his house?

Zuckerberg did not specify the reason for selling the house. However, SFist reported in 2016 that neighbors were unhappy that Zuckerberg occupied most of the parking space.

“I’m sure you’ll all agree that living with Zuckerberg is very difficult. We all tried to be as patient and respectful as possible despite the long construction, noise, garbage, etc. Now all those circuses are over. We’ve got the parking spaces we need,” one of Zuckerberg’s neighbors wrote in a January 2016 letter.

What is Zuckerberg’s net worth?

According to the Bloomberg Billionaires Index, Mark Zuckerberg is currently worth $61.9 billion. He was the third richest person in the world as of July 2021. Currently, Mark Zuckerberg is the 17th richest person in the world.

After a record drop in Meta shares, Zuckerberg’s wealth was down more than 50 percent in 2022. In the month of July 2021, the price of Facebook shares was around $350. It had a market capitalization of about $950 billion. A share is now valued at $166. As of December 2020, Zuckerberg owns approximately 16.8 percent of MetaPlatforms. Meta is the parent company of Facebook.

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