World

Bill Gates, the billionaire turned philanthropist and co-founder of Microsoft Corp,still ranks in the top ten worlds richest people, despite saying last year that he will eventually drop down and eventually off of the prestigious list altogether so he may not mind losing $250,000 here and there.

In fact, it seems like he doesnt mind losing that chunk of change.

What Happened: Gates recently put a New York City apartment on the market for $4.75 million, down from the $5 million in cash the billionaire paid when he bought it for his daughter, Jennifer Gates.

The 1212 Fifth Ave. apartment, which overlooks the world-famous Central Park, has been on the market for 106 days, according to its listing at StreetEasy.

It was reported that Gates purchased the home for his daughterfollowing her graduation from Stanford University though Jennifer and her husband, professional equestrian Nayel Nassar, now live in a $51 million Tribeca triplex penthouse with its own plunge pool.

The Seattle-based trust connected to Gates which purchased the Fifth Ave apartment for $5 million is the same trust that bought the Tribeca penthouse for $49.5 million in November 2021.

While it seems Gates doesnt mind shelling out millions on real estate, you can earnmoney from it right now.

New companies have innovated ways for individual investors to enter the real estate market for as little as $100 (or more, depending on your appetite). Heres how to buy shares of rental properties to earn passive income and build long-term wealth.

The new penthouse Gates daughter lives in has six bedrooms, six baths, two powder rooms, 20-foot-high ceilings, multiple terraces and two parking spaces if you live in New York City, you know how valuable parking spots are.

Read next:Bezos-Backed Startup Lets You Become A Landlord With $100

Articles You May Like

YouTube star dies aged 40 after ‘unfortunate accident’
Booker prize-winning author Arundhati Roy to be prosecuted for Kashmir comments
UK tech bosses urge focus on AI skills and growth in high-stakes election — no matter who wins
Home secretary calls for ‘urgent explanation’ as police car is filmed running over a cow
GM had $6 billion to spend on next-gen EVs, chose stock buybacks | opinion