Why do celebrities have huge mansions?

Celebrities buy multiple mansions for a lot of reasons. Maybe, like Richard Branson, they like to travel, or like Tom Cruise, they like to keep their family life and private life separate. Whatever the reason, the second homes on this list are huge, expensive, and vacant.

Which celebrity has the most expensive house?

Bill Gates’ $125million house After seven years in the making, Bill Gates’ mega-mansion ‘Xanadu 2.0’, takes the top spot at a whopping $125 million!

Why do celebrities buy multiple homes?

There are many reasons celebrities purchase multiple homes: Real Estate is a great investment – homes build long term value for their overall portfolio. They can control the premises – they don’t have to worry as much about being secretly filmed and otherwise bothered as they would on someone else’s property.

What do celebrities do when they buy homes?

Jennifer Lopez and David Copperfield both bought homes this way in the past year. They shop with a team. Many house hunters bring a parent along for a second opinion. Agents who work with celebrities say that often an assistant or manager will vet a home before the celeb takes a look (sometimes via video tour).

Why are celebrities buying homes that have never hit MLS?

Celebrities, however, are often drawn to homes that have never hit MLS. The allure is part owning something no one else has seen, part a hope for privacy. Agents call these “pocket listings,” and attempt to sell via whisper chain through their networks. Jennifer Lopez and David Copperfield both bought homes this way in the past year.

How much do Beyonce and Jay Z spend on a house?

Beyoncé Knowles and Jay Z are thought to be spending $150,000 per month to rent a mansion in L.A.’s Holmby Hills. They buy younger. Swift reportedly bought her first home in Nashville at just 20 years old. Now 26, she owns at least four.

How much does it cost to rent a celebrity mansion?

Taylor Swift — No. 1 on our Celebrity 100 ranking of the world’s top-earning stars–is renting a place in Manhattan’s Greenwich Village that was listed for $39,500 a month. Beyoncé Knowles and Jay Z are thought to be spending $150,000 per month to rent a mansion in L.A.’s Holmby Hills.