Beautiful Lake Tahoe, stretching across the border between California and Nevada within the Sierra Nevada Mountains, has lengthy been a premiere holiday vacation spot for travelers all throughout America. But Jim Dobson of Forbes has noticed that it has turn into specifically horny of overdue to ultra-wealthy billionaires like Mark Zuckerberg, Larry Ellison, and more, all of whom are "collecting so many properties along the lake like players in an extravagant game of Monopoly."
The most popular spot alongside the shores of Lake Tahoe for billionaires is in a spot referred to as Incline Village, Nevada, informally referred to as "Billionaires Row" or "Income Village." Its status as a haven for billionaires goes again to the times of Howard Hughes, who as soon as lived in a kind of luxury log cabin in the house (and which recently bought for $17.5 million), and now comprises residents like Larry Ellison, David Duffield, Michael Milken, the heirs to the large Walmart fortune, and several others. Casino billionaire Steve Wynn had a lakefront property there until lately, when he let it go for the price of $31 million. Larry Ellison owns a couple of plots of land round Lake Tahoe, and has announced plans to construct a luxury hotel where the historic Cal Neva Lodge once stood.
Sean Gallup/Getty Images
Zuckerberg, reportedly the "newest billionaire in town," snapped up two adjoining Tahoe City homes for a combined price of $59 million: Brushwood Estate, which value him $37 million, and Carousel Estate, which cost him $22 million. He's said to be planning to build a large compound across the two properties. Next door to Zuckerberg's land, a "mystery corporation" dropped $41.Five million on a plot of land, and there are rumblings that Elon Musk is also having a look at buying some property nearby.
No one seems to know precisely why Lake Tahoe is attracting so many billionaires, however it is going to have one thing to do with tax advantages of having belongings in Nevada – or perhaps there's simply something within the water.
ncG1vNJzZmivp6x7pLHLnpmroaSuu6bA1qipraBemLyue8Crq6KbnJrAcK7IpaOip56WtrOxjKecsKtfoq6zt4yzrJyjlaevpr7GZqOaqqKueqa4y6KqqKZdlrulec6tn56qXZe2rbjIqKWaoaKawG6t0Z5km62pnruoedSpZKWZm5p6ta3HqJxmqpWWuW6x0q2YrZ1f