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Money Shots: For some billionaires, there's no place like home

When Forbes.com staff writer, Matt Woolsey, embarked on his exposé of billionaire homes, he noticed an interesting pattern: most billionaires, though they have the means to live anywhere, choose to live at home. Or, at least close to home. And some -- like Microsoft Corp.'s (NASDAQ:MSFT) co-founder Paul Allen -- choose to live with their mothers.

But let's start with Bill Gates, ranked No. 1 on Forbes Billionaires' List and valued at $56 billion. His 66,000-square foot Medina, Wash., hillside compound features a "1,000-square foot dining room, domed roof library ... 60-foot pool and five acres of space." Not only that, according to Woolsey, Gates' home has secret passageways and antechambers, hidden bookshelves and a framed Harry Potter Junior Wizards official membership certificate.

Paul Allen, meanwhile, lives with his mom. To be clear, his Mercer Island, Wash., compound -- which includes his own 10,000-square foot mansion -- has a separate home for his mother. Apparently, she held him to his "one-day-when-I'm-a-billionaire" promise.

Continue reading Money Shots: For some billionaires, there's no place like home

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Last updated: February 13, 2012: 02:59 PM

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