Jack Dorsey spent $31.9m buying two neighbouring San Francisco homes
Twitter co-founder Jack Dorsey has spent $31.9 million to acquire and redevelop two adjacent properties in San Francisco's Sea Cliff neighborhood. The project, which began in 2012, has faced significant delays and extensive construction, drawing public attention for its long duration.
Why it matters
The story highlights the extreme real estate investments and long-term private development projects undertaken by high-profile tech executives.
For most homebuyers, buying a house means years of saving and planning a future. For Jack Dorsey, Twitter’s co-founder, buying a multimillion-dollar home overlooking the Pacific Ocean was apparently only the beginning of a project.Back in February 2012, Dorsey paid a whopping $9.99 million for a modern home in Sea Cliff, one of San Francisco’s most exclusive neighbourhoods. After buying the house, renovation work started. Now almost 14 years later, the project has evolved into an elaborate residential redevelopment, and Dorsey has added the neighbouring property to his real estate portfolio.From a $9.99 million home to a $31.9 million property portfolioThe combined purchase price of the two properties stands at approximately $31.9 million.
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