Many of us may not have even heard of Zoom before 2020, but few were able to escape avoid survive without it last year. And the video conferencing’s investors and principles thank you for it.
Subrah Iyar, one of the first three investors in Zoom, saw the value of his multimillion-dollar stake more than quintuple over the past year, with the company’s value reaching $130 billion. Naturally, Iyar is looking for another investment for those earnings, and Yahoo Finance reports he’s found that in a pair of Palos Verdes mansions.
According to Yahoo, Iyar recently spent a total of $14.5 million for two separate neighboring mansions. The two Tuscan-style villas—one large home priced at $7.8 million, the other smaller at $6.7—sit on the very same blufftop street on the Palos Verdes Peninsula. The two homes total 15,000+ square feet of living space across 12 bedrooms and 13 bathrooms.
Engel & Volkers’ Nick Peters and Larson Real Estate Group held the listing for the larger home, while Mingli Wang of Keller Williams held the smaller home’s listing. Audrey Judson of Strand Hill Christie’s International Real Estate represented the buyer on both purchases.