Market Realist

Bill Gates Built a Lakeside Paradise With His Massive Net Worth

Bill Gates’ house in Medina, Wash., is a 66,000-square-foot residence on five acres of lakeside land. Read more about the Microsoft co-founder’s home.

Dan Clarendon - Author

Feb. 5 2021, Published 3:34 p.m. ET

For decades now, Bill Gates ’ house has been in the spotlight. The Microsoft co-founder even included a walkthrough of the lakefront property on the CD-ROM included with his 1995 book The Road Ahead .

Dubbed Xanadu 2.0, the five-acre property sits on the shore of Lake Washington in Medina, Wash. Although the lavish residence is worth a nine-figure tally, it's just a sliver of Gates’ net worth.  

How long Bill Gates has owned his house

Gates purchased the lot in 1988 and it took hundreds of workers seven years to build the house, according to The Street . Architects James Cutler and Peter Bohlin designed the house in a Pacific Northwest lodge style with half a million board feet of lumber used. The construction work also included moving a preexisting house off the lot with a barge, and then fixing a runoff problem by building an artificial stream, as U.S. News & World Report explained in 1997.

What Bill Gates’ house includes

The 66,000-square-foot property includes a family wing (with an exercise room, a trampoline room, a swimming pool with an underwater music system), a guest wing (with a theater, a domed library, a formal dining room, and a reception hall), a guest house, an underground 10-car garage, a boathouse, a gatehouse, an outdoor spa, a multi-sport court, a putting green, and two boat docks, according to U.S. News & World Report .

All told, the property includes seven bedrooms, 24 bathrooms (including 10 full baths), six kitchens, and six fireplaces. Of course, the house is decked out in smart-home technology adjust lighting and other settings. Visitors wear electronic pins that track their location.

What Bill Gates’ house is worth and how much he paid for it

The lot cost Gates $2 million, while the house cost him $63 million, according to The Street . A Kings County Department of Assessments valuation in 2017 valued the property at around $127.5 million.

Between 1994 and 2003, Gates bought 11 surrounding properties—including nine houses—at a cost of nearly $14.4 million, according to the Chicago Tribune . “This is a family that holds privacy very dearly to them,” family spokesperson Joe Cerrell said at the time. “The properties create a buffer around the Gates home.”

Bill Gates’ net worth

Gates’ net worth is currently $123 billion, according to Forbes . That puts him behind Amazon founder Jeff Bezos, Tesla CEO Elon Musk, and the family of LVMH CEO Bernard Arnault.

Gates and his wife, Melinda, are famed philanthropists. USA Today reported in 2020 that he has given away $50 billion to charity throughout his career. The couple also joined with Warren Buffett in 2010 to create The Giving Pledge , which is “an open invitation for billionaires, or those who would be if not for their giving, to publicly commit to giving the majority of their wealth to philanthropy.”

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The Economic Times

Peek inside Bill Gates' $124 million mansion Xanadu 2.0

Take a look at Bill Gates' new house

Take a look at Bill Gates' new house

With a net worth of $82.2 billion, Microsoft co-founder Bill Gates is the richest man in America. It shouldn't be too surprising that one of the wealthiest people in the world also has an insanely extravagant home. It took Gates seven years and $63 million to build his Medina, Washington, estate, named "Xanadu 2.0" after the fictional home of Charles Foster Kane, the title character of "Citizen Kane." At 66,000 square feet, the home is absolutely massive, and it's loaded to the brim with high-tech details.

Natural surroundings to reduce hit

Natural surroundings to reduce hit

Xanadu 2.0 is an 'earth-sheltered' house, meaning that it's built into its surroundings to regulate temperature more efficiently.

Rotational artwork

Rotational artwork

The artwork on walls can be changed with just the touch of a button. Situated around the house are $80,000 worth of computer screens. Anyone can make the screens display their favorite paintings or photographs, which are stored on devices worth $150,000.

Pool with underwater music system

Pool with underwater music system

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. There's also a locker room with four showers and two baths.

Trampoline room

Trampoline room

No word on how big the trampoline is, but we can imagine it would be a fun alternative to your standard exercise routine. The exercise facilities total 2,500 square feet and also include a sauna, steam room, and separate men's and women's locker rooms.

Library full of books

Library full of books

The 2,100-square-foot library has a dome roof and two secret bookcases, including one that reveals a hidden bar. On the ceiling you'll find a quote from "The Great Gatsby" that reads: "He had come a long way to this blue lawn, and his dream must have seemed so close that he could hardly fail to grasp it." The library is also home to the Codex Leicester, a 16th-century Leonardo da Vinci manuscript that Gates bought at auction for $30.8 million in 1994.

Gates' favourite maple tree

Gates' favourite maple tree

He reportedly became fond of a 40-year-old maple tree that grew close to the home's driveway. It's monitored by computer, and if at any point it becomes too dry, water is automatically pumped into it.

How the garage looks

How the garage looks

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. That garage alone can park 10 cars. Some of the concrete was purposely broken to give it a rough, "deconstructivist" look.

Sand on Gates' beach is imported from Caribbean

Sand on Gates' beach is imported from Caribbean

The lakefront shore contains sand that's delivered in large quantities by a barge from St. Lucia each year.

Enormous reception hall for 200 guests

Enormous reception hall for 200 guests

The 2,300-square-foot hall could seat up to 150 people for a dinner party, or 200 people standing up at a cocktail event. A 6-foot-wide limestone fireplace dominates one wall, while another wall has a 22-foot-wide video screen.

The Economic Times

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Bill Gates's $130 Million Mansion Xanadu 2.0 Boasts Tech That Tracks Inhabitants' Location

  • Oops! Something went wrong. Please try again later. More content below

Bill Gates is among the longest-reigning holders of the title “world's richest man.” The billionaire founded the tech empire Microsoft Corp. , which propelled him to his 12-figure net worth. And as many would expect from someone who founded one of the largest tech companies in existence, he spared no expense in building his own home.

Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families

When you enter the home, you receive a key that stores your preferences for everything from room temperature to lighting and music. The key tracks your location, and as a security measure, if you are walking on the floor and no key is detected, you will set off the alarm system. The impressive mansion boasted a number of tech-forward features long before the modern-day smart home was imagined.

The Rise Of Everyday Smart Homes

Nearly everyone has some form of a smart feature in their homes today. Basic thermostats can be programmed to maintain certain temperatures throughout the day and night. And companies like Amazon.com Inc. , with their Alexa-brand products, can allow most basic smart homes to have speech-to-action features. Startups like RYSE even allow regular homes to have luxury products like smart shades and blinds for a fraction of the cost. RYSE is a popular startup that’s been featured on the reality TV show “Dragon’s Den” and recently launched an investment campaign that anyone can invest in .

Bill Gates’s Mansion Technology

Built on a large plot in Washington state, Xanadu 2.0 is surrounded by properties that Gates paid $14 million to ensure privacy. Inspired by Charles Foster Kane's home in “Citizen Kane,” The construction of this unique dwelling involved 300 laborers and took seven years. The home, valued at over $130 million today, cost $63 million to build because of the vast technology integrated into it.

Architects James Cutler and Peter Bohlin were behind the design of the Pacific lodge-themed house, while architect and designer Thierry Despont was appointed by Melinda Gates to design the interior. This grandiose home, made out of 500 Douglas fir trees and seven types of stones, was a bachelor's dream but reportedly a "bride's nightmare," according to Melinda Gates. The mansion, filled with state-of-the-art software and high-tech displays, gave an impression of living inside a video game, causing Melinda Gates to halt construction at one point.

Despite its massive size at 66,000 square feet, Xanadu 2.0 only has seven bedrooms but makes up for it with 24 bathrooms. But the real fascination lies in its cutting-edge technology. Upon visiting, guests are given a pinlike device that captures their personal preferences — from temperature and lighting to music. The mansion’s floors are embedded with sensors that instantly detect the presence of anyone without a pin.

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Technology isn't just for the inhabitants — it extends to the trees. A 40-year-old maple tree, Bill Gates's favorite, is under constant surveillance. If it becomes too dry, water is automatically pumped into it. But the amenities do not stop there. Xanadu 2.0 is a true pleasure dome with a trampoline room that has a 20-foot ceiling, six kitchens, a steam room, a sauna, a 25,000-square-foot gym and an artificial stream along the lake filled with sand delivered from St. Lucia.

One of the mansion's crowning jewels is the 2,100-square-foot library housing two secret bookcases, a hidden bar and a quote from “The Great Gatsby” inscribed on the ceiling. It also contains a 16th-century Leonardo da Vinci manuscript — the “Codex Leicester” — that Gates bought for $30.8 million. Gates's youngest daughter Phoebe is particularly fond of this space, spending ample time reading and exploring its vast collection.

Though Melinda Gates had expressed her desire for a simpler, cozier home in the future before separating from Bill Gates, the couple's children have created memories in Xanadu 2.0. Their daughter Jennifer had her bridal shower organized at the mansion, turning it into a fairytalelike setting.

Xanadu 2.0 is so extravagant that in 2009, a tour of the mansion was auctioned off for $35,000 as part of Microsoft's annual charity drive. Despite its hefty price tag and arguably excessive use of technology, Xanadu 2.0 continues to stand as a symbol of the power of technology and a testament to the tech visionary that is Bill Gates.

See more on startup investing from Benzinga.

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This article Bill Gates's $130 Million Mansion Xanadu 2.0 Boasts Tech That Tracks Inhabitants' Location originally appeared on Benzinga.com

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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virtual tour bill gates house

Peter Kafka

Recent Posts by Peter Kafka

The $35,000 House Tour, Guided by Bill Gates

November 11, 2009 at 3:25 pm PT

If you want to buy Bill Gates’s house, you’ll need something like $150 million . But a tour of the place, guided by the Microsoft (MSFT) co-founder himself? That’s a mere $35,000.

That’s how much an unnamed bidder has ponied up, via a Microsoft charity auction, for a look-see at Gates’s place. After the tour of the 48,000-square-foot complex, which is located outside Seattle on the shores of Lake Washington, the winner gets to nosh on some appetizers, TechFlash reports.

A year ago, the same tour, of the same house, fetched just $8,600. Go figure.

All of that is out of your price range? I understand. Here, for us proles, is a free, “virtual” tour of the place:

[ Image credit: Tiktik ]

Tagged with: bidder , Bill Gates , charity auction, digital , House, Lake Washington, MediaMemo , Microsoft , Peter Kafka , Seattle , TechFlash , video , virtual tour

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COMMENTS

  1. Inside Bill Gates' $127 Million Teched Out Mansion

    From interactive floor sensors to revolving art, underwater music to a garage full of vintage supercars, Bill Gates' supersized 127 million dollar mansion in...

  2. Inside Bill Gates Mansion

    Step inside the extravagant world of Bill Gates with this exclusive tour of his $125 million mansion, also known as Xanadu 2.0 estate. Explore the luxurious ...

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    Bill Gates | House Tour 2020 | $147 Million Dollar Mansion | Xanadu 2.0SUBSCRIBE: https://bit.ly/2Cgqr0lLike and Subscribe if you enjoyed the video!Bill Gate...

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    Inside Bill Gates house emerges not as a dwelling but as a testament to a legacy in luxury living. It stands as a canvas where innovation, extravagance, and excellence harmonize to craft a modern masterpiece. Explore the enigma of inside Bill Gates house a fusion of technology and luxury in a harmonious symphony. December 3, 2023.

  5. Bill Gates House Virtual Tour

    This virtual tour from 2007 was created by the architects that designed Bill Gates' house and explains all of its features / technology inside and out. Continue reading to watch. Click here to see pictures of his real-life house. Residence encompasses more than 66,000 square feet which is equal to 1.5 acres.The major rooms include 7 bedrooms, 24 bathrooms, six kitchens, and six fireplaces.

  6. Inside Bill Gates' US$130 million OTT mansion, Xanadu 2.0

    Just how big is Bill Gates' mansion, Xanadu 2.0? ... "I'm actually really looking forward to the day that Bill and I live in a 1,500 sq ft house." ... a tour of the mansion went under the ...

  7. Bill Gates House Inside: A Technological Wonderland

    "Bill Gates House Inside: A Technological Wonderland" invites you on an extraordinary journey through the iconic house of one of the world's most influential figures.

  8. Bill Gates' House: Inside the Microsoft Co-Founder's Washington Mansion

    Bill Gates' house in Medina, Wash., is a 66,000-square-foot residence on five acres of lakeside land. Read more about the Microsoft co-founder's home.

  9. Bill Gates House, an Amazing and Tech Titan's Wonder!

    Embark on an exclusive virtual tour of this modern marvel, where every corner exudes luxury and every facet resonates with the ingenuity that has defined Bill Gates's House legacy. Join us as we unlock the doors to an unparalleled abode inviting you to witness the convergence of opulent design and technological brilliance in a symphony of ...

  10. See Inside Bill Gates's Lavish New $65M Oceanfront Mansion

    And for Bill Gates, that home is a $43 million USD oceanfront mansion. The philanthropist and his wife, Melinda Gates, recently purchased a beach house property in Del Mar, San Diego County which was previously owned by businesswoman Madeline Pickens, ex-wife of billionaire oil tycoon T. Boone Pickens. As you'd expect of a property worthy of ...

  11. Peek inside Bill Gates' $124 million mansion Xanadu 2.0

    It took Gates seven years and $63 million to build his Medina, Washington, estate, named "Xanadu 2.0" after the fictional home of Charles Foster Kane, the title character of "Citizen Kane." At 66,000 square feet, the home is absolutely massive, and it's loaded to the brim with high-tech details. 2 /10.

  12. Inside Bill Gates' $154 Million Mega Mansion

    Subscribe for more amazing videos! http://bit.ly/Subscribe-to-Richest Bill Gates is putting his net worth of $115 billion to good work, including spendin...

  13. Bill Gates's $130 Million Mansion Xanadu 2.0 Boasts Tech That Tracks

    Xanadu 2.0 is so extravagant that in 2009, a tour of the mansion was auctioned off for $35,000 as part of Microsoft's annual charity drive. Despite its hefty price tag and arguably excessive use of technology, Xanadu 2.0 continues to stand as a symbol of the power of technology and a testament to the tech visionary that is Bill Gates.

  14. Bill Gates' House in Medina, WA

    Bill Gates' house is built into the hillside overlooking the waters of Lake Washington in the city of Medina, WA. The property is located just outside of Seattle and is close to Redmond where Microsoft is located. The 66,000 square foot mansion sits on 5-acres and took over seven years to build at a cost of $63.2 million dollars.

  15. Video: Virtual Tour of Bill Gates's House

    If you want to buy Bill Gates's house, you'll need something like $150 million. But a tour of the place, guided by the Microsoft (MSFT) co-founder himself? That's a mere $35,000. That's how much an unnamed bidder has ponied up, via a Microsoft charity auction, for a look-see at Gates's place.

  16. 9 Facts About Bill Gates' House You Probably Didn't Know About It

    The Bill Gates' house, called Xanadu 2.0, is spread across 66,000 square feet and contains a collection of rare manuscripts, one of which is written by Leonardo Da Vinci, and it alone is worth $8 million. Xanadu 2.0 was built using half a million wood logs, and if sold today, it will earn Gates over $145 million.

  17. Bill Gates' House in Medina, WA (Google Maps)

    Bill Gates' house is built into the hillside overlooking the waters of Lake Washington in the city of Medina, WA. The property is located just outside of Seattle and is close to Redmond where Microsoft is located. The 66,000 square foot mansion sits on 5-acres and took over seven years to build at a cost of $63.2 million dollars.

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  22. Billionaire Bliss: Bill Gates House Extravaganza

    Where does Bill Gates have a house? Xanadu 2.0 is Bill Gates's main mansion in Medina, Washington on the shores of Lake Washington. How many rooms are in Bill Gates house? According to the King County public assessor's office, the property is worth $127.48 million as of this year. Gates purchased the lot for $2 million in 1988.

  23. Bill Gates's House Tour 2021 (Inside and Outside)

    Hollywood Lifestyle presents Bill Gates's New House Tour & Cars Collection 2021 | This video is about Bill Gates's House 2019 in inside and outside also Bill...