Personal Finance

Jeff Bezos and Bill Gates live less than 1 mile from each other — here's where the rest of Seattle's billionaires live

Jeff Bezos and Bill Gates
Jeff Bezos and Bill Gates have been neighbors for almost 20 years. Drew Angerer/Jamie McCarthy/Getty Images
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  • Jeff Bezos and Bill Gates are the two richest people in the world.
  • Bezos and Gates, both founders of massive tech companies, own homes less than one mile from each other in Medina, Washington.
  • At least five other tech and retail billionaires own homes in Seattle suburbs.

 

Jeff Bezos and Bill Gates — the world's two richest people — are neighbors.

The tech titans live less than one mile from each other in Medina, Washington, a secretive and exclusive suburb located just across Lake Washington from Seattle where the median home value is over $2.7 million.

Gates isn't the only Microsoft executive to call the Seattle area home — though his $125 million state-of-the-art tech compound may take the cake. Microsoft cofounder Paul Allen, former Microsoft CEO Steve Ballmer, and Charles Simonyi, the creator of Microsoft Word and Excel — and noted space tourist — all own multi-million dollar properties within a stone's throw of Seattle.

Jim Jannard, the founder and chairman of eyewear company Oakley, and Starbucks chairman and former CEO Howard Schultz also live in the area.

Seattle richest billionaires map
Net worth figures are from Bloomberg's Billionaire Index, as of December 20, 2017.  Samantha Lee/BI Graphics

Perhaps the easy commute is part of the draw of Medina for Bezos and Gates.

About 10 years before Bezos and Amazon descended upon Seattle, Gates brought Microsoft's headquarters to Redmond, Washington, a town 20 minutes from his house.

Over the past two decades, Bezos has transformed Seattle's South Lake Union neighborhood into "Amazonia," occupying more square feet of office space than the next 40 largest employers in the city combined, reports the Seattle Times. Blue Origin, the space company owned by Bezos, is about 25 miles south of Medina.

But Bezos may soon become bi-coastal, as he hunts for a city to host Amazon's second headquarters — nicknamed HQ2. There's speculation he'll choose Washington, DC, where he owns a $23 million mansion in the high-profile Kalorama neighborhood. Plus, the Bezos-owned newspaper The Washington Post is based nearby. 

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Tanza Loudenback is a personal finance expert and a Certified Financial Planner (CFP). She was the founding reporter of Personal Finance Insider, covering topics including taxes, retirement planning, banking, real estate and mortgages, and budgeting. Her work has been featured in WSJ Buy Side, Fortune Recommends, Korn Ferry, TheStreet, Morgan Stanley Wealth Management, and Fidelity. ExperienceTanza was the first reporter on the Personal Finance Insider team. In addition to helping build the vertical from the ground up, she helmed a biweekly advice column answering readers’ personal finance questions and launched a personal finance newsletter. She also published two e-books under the Personal Finance Insider brand.She was the editorial lead on Master Your Money series, a two-year-long Business Insider series providing financial advice to millennials. She managed Master Your Money bootcamp events over the course of the series. While at BI, she also expanded tax coverage to include a guide to the best tax software and commissioned a panel of experts to review all articles. Tanza obtained her CFP license in 2020. She aims to simplify personal finance concepts for readers so that they can make smart decisions with their money. ExpertiseTanza’s areas of personal finance expertise include:
  • Real estate/mortgages
  • Taxes
  • Retirement planning
  • Small business finances
  • Banking
  • Budgeting
Education Tanza is a graduate of Elon University with a degree in print and online journalism, with a minor in Italian studies.