If you want to know why so many stars love Montecito, look no further than Caruso's.
01.02.2025 - 14:31 / insider.com / Tom Brady / Jeff Bezos / Larry Ellison / Carl Icahn / Happy Saturday
Happy Saturday! Are you in the throes of planning your Spring Break trip? Learn from one mother who planned an epic family vacation for 18 family members that ended up being a "nightmare." Ouch!
On the agenda:
But first: Hi, (billionaire) neighbor!
If this was forwarded to you, sign up here . Download Business Insider's app here.
A South Florida mansion — yet to be built — is on the market for $285 million. A vacant lot in Miami went on the market for $200 million. Meanwhile, Tom Brady reportedly may sell his newly built Indian Creek mansion after quietly receiving offers of $150 million.
Besides their eye-popping price tags and Florida locations, what do all of these properties have in common? They sit next to the homes of billionaires, whose presence alone is dramatically affecting the surrounding property values.
Billionaires undoubtedly affect our everyday lives — from job creation and politics ( Hi, Elon Musk! ) to philanthropy and even the media we consume. Where the nine-zero earners choose to live is also driving the market upward — and their neighbors are cashing in.
Stewart Satter, a former CEO who now develops real estate as a hobby, listed a $285 million to-be-built house in Manalapan, Florida . The property sits "next door to the Oracle cofounder Larry Ellison's estate , which he paid $173 million for in 2022," real estate reporter Jordan Pandy recently wrote. Satter's price tag makes it the most expensive new home on the US market.
It's the latest in a trend of properties with proximity to billionaires being put up for sale. About 70 miles north, Jeff Bezos' neighbor listed an 80,000-square-foot vacant lot for $200 million in December 2024. It came after Bezos paid $68 million, then $79 million, and later $90 million for three properties in Indian Creek, Florida.
Ilya Reznik, who's representing the owners who didn't want to be identified, told Business Insider that the lot is in "a very unique location."
Reznik is right. Tom Brady, Carl Icahn, and Jared Kushner and Ivanka Trump also own mansions in one of America's wealthiest towns . And one bold-faced name seemingly wants in on the Bezos Effect, too. Brady is quietly receiving offers upward of $150 million on a home he bought in 2020 for $17 million.
Forget keeping up with the Joneses; it's all about living next to the billionaires.
As the cost of raising a child skyrockets, more women feel they need to delay motherhood until they're more established in their careers. By the time they're ready to have kids, they must juggle their high-pressure, prestigious jobs with the full-time demands of parenting.
"Having it all" — a successful career and a fulfilling home life — may be a myth, but all's not lost.
If you want to know why so many stars love Montecito, look no further than Caruso's.
I've traveled to over 90 countries and been fortunate to take my kids with me to 19 of them.
When I was 15, my dad and I took a trip to Los Angeles that changed my life. We didn't have a set agenda, and since we were staying down the road from the University of California, we took a campus tour.
This as-told-to essay is based on a conversation with Bethany Stevens . It has been edited for length and clarity.
Denise Godreau knew next to nothing about Eswatini before 2022.
If you're a Bilt cardholder, check your email. The renter-favorite rewards program sent out a survey to get feedback on potential upcoming changes to the Bilt card lineup — and there's plenty to be excited about ... especially if you've been hoping for a way to earn rewards while paying your mortgage.
I've spent a decade traveling solo, visiting every US national park and all 50 states at least once.
It’s been nearly a month since the wildfires that swept across Los Angeles county changed thousands of lives forever. Though the fires are now 100% contained, the aftermath of the tragedy is still evident around the city, making it even more critical to support residents as they rebuild. As a Los Angeles native, I saw firsthand the resilience of communities determined to help each other in the face of the unimaginable. Fortunately, a number of brands have stepped up to the plate too, providing essentials like clothing, reusable water bottles, hygiene products, and prescription eyeglasses to those affected by the fires. Below, we’ve listed 11 brands that have committed to supporting wildfire victims.
While travelers have felt the pain of expensive airfare, a new report reveals a clever way that can help save money. The Department of Transportation regularly publishes a ranking of the cheapest, and most expensive, airports within the United States based on the price of an average round-trip ticket. In its most recent filing, the range of airfare prices varies widely from a low $90, to an expensive $1,600 ticket. Within the data, the ranking shows how driving a few extra miles can help a traveler save dramatically on their flight.
There's something magical about being on the slopes for the first time — the crisp air, stunning mountain views, and the rush of trying something new. However, skiing for the first time can also be a nerve-racking experience.
Thinking about trying a cruise but worried you're not a "cruise person"? Well, keep reading.
After visiting 37 countries and multiple continents around the world, I keep coming back to South America.