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List of billionaires who could buy off whole cities

Redfin's report signifies the huge gap between the masses and the super-rich

Newsroom June 6 01:26

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Larry Page may not have intended to rerite in Boca Raton, Florida, but if he wanted to, he could have bought every house in the city. And he’s not alone in this “Exclusive club” of super-rich individuals who could…buy whole cities.

A new report by Redfin, a real estate research website, which was presented by CNBC sheds light on which cities or large urban centers could be bought off by billionaires. Researchers compared each billionaire’s wealth with the costs of all the houses of various regions.

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For example, the Walton family, whose total assets stand at $ 11.5 billion, could buy all 241,450 homes in the city of Seattle, USA. This calculation does not include suburbs of the city proper. Thus, Bill Gate’s mansion in Medina suburb is not “in danger”.

Microsoft’s founder and “chronic” richest man in the world could very well buy all of Boston. With assets totaling 76.6 billion, he could buy all 114,212 houses in Beantown.

His close friend Warren Buffet could certainly buy Omaha twice over, as well as Charlotte North Carolina, an area which includes 280,214 homes, worth $56 billion.

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