14 Jun 2019
WhatsApp co-founder builds $80mn property in America's richest town
If you become a billionaire overnight, how would you spend that truckload of money?
He has pumped nearly $80 million in building a compound in the leafy town of Atherton in California.
Here's everything about it.
Atherton is the city of America's wealthiest
With an average household income of more than $450,000, Atherton has gained the reputation of a town hosting America's richest.
The residents in the area include rich venture capitalists, philanthropists, and Silicon Valley billionaires like Koum.
And, as it seems, the property being built by the WhatsApp co-founder could well be the most expensive one ever constructed in the region.
Koum bought five houses for his fancy compound
Over the last four years, Koum has bought as many as five Atherton houses for $57 million to assemble his fancy compound.
Though there are no images, houses have either been destroyed and replaced with new structures or renovated completely, according to a report in Variety.
Plus, he's also pumped an additional $20 million to set up new structures, including at least two mansions.
Full likely to be way more than $80 million
The value of Koum's Atherton compound is estimated at nearly $80 million according to listed records.
However, the actual cost of the property, after including the customization and landscaping cost, would go way beyond that.
Notably, Koum also has a separate home, valued at nearly $9 million, some 8 miles away from the humongous compound.
Koum became a billionaire from WhatsApp's acquisition
Koum, along with co-founder Brian Acton, sold WhatsApp to Facebook for $19 billion in 2014.
He joined the social network's Board of Directors and sold $7.1 billion worth of shares while being at the company.
Then, in 2018, Koum announced his departure from the company allegedly due to disagreements with Mark Zuckerberg over data privacy.
And, there is also two-level detached garage
Along with the two mansions, Koum is also getting a state-of-the-art, two-level detached garage for himself. It spans more than 10,000 square feet and alone dwarfs neighboring properties in Atherton.