Austin s most expensive home, a 9-acre lakefront estate, just sold to an unknown buyer as tech workers rush to the Texas city kwarren@businessinsider.com (Katie Warren)
The exact closing price is unknown, but the listing agent confirmed it was the most expensive home sale ever in the Texas city.
A nearly nine-acre estate in Austin that was last listed for $38.9 million just sold to an unknown buyer, breaking the city s record for the most expensive home sale ever, V.L. Hendrickson reported for Mansion Global.
The seven-bedroom house sold in an off-market deal to a buyer who wished to remain anonymous, listing agent Kathryn Scarborough of Engel & Völkers Austin told Insider. Scarborough said she could not disclose the closing price but confirmed it was the priciest deal in the Texas city s history. In Texas, property sale prices are not public record.
15 Youngest Tech Billionaires
Thanks to the technology revolution and hyper-connectivity, the world is experiencing an unprecedented phenomenon: the rise of young billionaires. A decade ago, it was a rarity to find a young self-made millionaire or billionaire in the lists of rich people worldwide. But the technology startup revolution that started in the U.S. has caused a domino effect across the world. According to data by WealthX, tech billionaires are doing better than the billionaires in other industries. The data suggest that there are 143 tech billionaires in the world, with an average worth of $6 billion each. Billionaires outside the tech sector have an average worth of $3 billion. What’s the reason of this big difference? The answer is given by legendary investor and PayPal cofounder Peter Thiel in his bestseller “Zero To One.” Thiel believes that tech companies have an edge over other industries because technology products are easier to scale and grow and they also h