{"id":24214,"date":"2016-10-27T10:10:25","date_gmt":"2016-10-27T14:10:25","guid":{"rendered":"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=24214"},"modified":"2024-03-14T21:07:59","modified_gmt":"2024-03-14T19:07:59","slug":"how-many-billionaires-does-it-take-to-buy-manhattan","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/10\/27\/how-many-billionaires-does-it-take-to-buy-manhattan\/","title":{"rendered":"How Many Billionaires Does It Take to Buy Manhattan?"},"content":{"rendered":"

We enjoy poring over the latest issue of Forbes\u2019 World Billionaires List<\/a> as much as the next person, watching the billions stack up every year, but have you ever realistically considered what that kind of money could actually mean? We just did. And being in the business we\u2019re in, we decided to count the dollars not in BigMac\u2019s or iPhones, but rather in property. A whole lot of property.<\/strong><\/p>\n

We took the nation\u2019s most expensive real estate market and sized it up against the world\u2019s richest people. The result? Looks like however high Manhattan home prices climb, some people\u2019s fortunes more than keep pace with them. So much so that just the first 12 richest entries on Forbes\u2019 list could split up all of Manhattan\u2019s residential stock between them<\/strong>, and still have a few cents left in their pockets.<\/p>\n

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<\/div>\n<\/div>\n

And what about the outer-boroughs, you ask? Sprawling\u00a0Queens would have a record low population density under this scenario, with just the top 3 billionaires \u2013 Gates, Ortega and Buffett \u2013 having enough zeroes between them to buy the entire borough, for a total value of $192.5B.<\/strong><\/p>\n

As for Brooklyn, it would be the turf of the\u00a0next 6\u00a0billionaires\u00a0on the Top 10 Richest list, once they put forth a little over $245B<\/strong> to cover the bill. Ranking 4th to 9th on the Forbes list, Carlos Slim Helu, Jeff Bezos, Mark Zuckerberg, Larry Ellison, Michael Bloomberg and Charles Koch could trade in pieces of Manhattan for the entirety of cool Brooklyn.<\/p>\n

Curious to see who got which neighborhoods in Manhattan? Just take a look below.<\/p>\n

\"manhattan-billionaires\"<\/a><\/p>\n

\n

Methodology:<\/h4>\n

In calculating the overall value of neighborhoods, we took into account all residential property. The total number of residential units in a neighborhood (single- and two-family houses, condo and co-op units) was multiplied by the average sale price recorded in that neighborhood for Q3 2016, resulting in an approximate value for said neighborhood. The only criteria considered when matching Forbes’ list entries with\u00a0specific neighborhoods were, respectively, their wealth and total property value<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

We enjoy poring over the latest issue of Forbes\u2019 World Billionaires List as much as the next person, watching the billions stack up every year, but have you ever realistically considered what that kind of money could actually mean? We just did. And being in the business we\u2019re in, we decided to count the dollars…<\/p>\n","protected":false},"author":45,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[89],"tags":[],"class_list":["post-24214","post","type-post","status-publish","format-standard","hentry","category-manhattan-real-estate"],"yoast_head":"\nHow Many Billionaires Does It Take to Buy Manhattan? - PropertyShark Real Estate Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/10\/27\/how-many-billionaires-does-it-take-to-buy-manhattan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Many Billionaires Does It Take to Buy Manhattan?\" \/>\n<meta property=\"og:description\" content=\"We took the nation\u2019s most expensive real estate market and sized it up against the world\u2019s richest people. The result?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/10\/27\/how-many-billionaires-does-it-take-to-buy-manhattan\/\" \/>\n<meta property=\"og:site_name\" content=\"PropertyShark Real Estate Blog\" \/>\n<meta property=\"article:published_time\" content=\"2016-10-27T14:10:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-14T19:07:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2016\/10\/Manhattan-billionaires-FB-image.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Adela Muresan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"How Many Billionaires Does It Take to Buy Manhattan?\" \/>\n<meta name=\"twitter:image\" content=\"http:\/\/yardiblogs.yardi.com\/ps-real-estate-reports-bbm\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2016\/10\/Manhattan-billionaires-FB-image.png\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adela Muresan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"How Many Billionaires Does It Take to Buy Manhattan? - PropertyShark Real Estate Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/10\/27\/how-many-billionaires-does-it-take-to-buy-manhattan\/","og_locale":"en_US","og_type":"article","og_title":"How Many Billionaires Does It Take to Buy Manhattan?","og_description":"We took the nation\u2019s most expensive real estate market and sized it up against the world\u2019s richest people. 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