Microsoft Co-Founder Paul Allen Adds More Windows With Pricey Penthouse Purchase

It is no secret that the founders of Microsoft – Bill Gates and Paul Allen – are fabulously wealthy. Between the two, they possess almost $70 billion in net worth, including two professional sports teams, and at least a dozen swanky, high-dollar homes scattered across the world.

(Allen in particular also used to own his very own private island. Yes, that’s right – the man owned an island.)

Now, Allen – the less-famous but quirkier of the two computer magnates – has added to his extensive collection of properties with a New York City penthouse priced at $25 million.

The penthouse is a seven-room, full-floor spread in an 11-story limestone building located at 4 East 66th St. in the heart of Manhattan. We have no idea what’s inside – as much as we’d like to entertain the thought, Allen isn’t a close friend and we’re definitely not on his Christmas card list – but we imagine the trappings are as regal and expensive as his other residences and those of his neighbours.

Speaking of neighbours, 4 East 66th St. is also home to Veronica Hearst of the Hearst fortune. The widow of Randolph Hearst, the fourth son of publishing tycoon William Randolph Hearst, Veronica fought to keep her sixth-floor residence from foreclosure. She was successful, selling her pad to another rich person for, naturally, tens of millions of dollars.

(Of course, she subsequently lost her massive Florida mansion to  foreclosure in 2008.)

We doubt Allen will be in danger of foreclosure at any point during his life. He could probably afford to buy the entire building, much less a penthouse. So, for now, the Allen residence is safe and sound.

This recent purchase leads us to wonder what, exactly, the Microsoft mogul does with his extensive list of properties. He already owns a very nice Malibu beach house priced at $25 million that he purchased last September, and has a handful of other properties across the globe – so another penthouse in New York City seems a bit…too much.

Then again, that’s why he’s a billionaire and we’re not.

In honour of Mr. Microsoft’s new purchase, here is a representation of how much he spent on his plush new property. For $25 million, you can buy:

–          83,333 Microsoft Xbox 360 250GB Holiday Bundles (comes with two games and a controller for $300, not a bad deal)

–          208,333 copies of Microsoft Windows 7 Home Premium ($120)

–          943,752 shares of Microsoft stock at $26.42 per share

–          86.5 homes in Allen’s hometown of Seattle, Washington with a median asking price of $289,000. That would be 0.45% of all homes for sale in the city.

–          Roughly 24 years worth of property taxes on Bill Gates’ massive Seattle mansion at $1.063 million per year in taxes owed.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.