Zynga CEO Mark Pincus Brings His Fortune Into Real Estate
Although Zynga's stock has been unstable in recent months, Mark Pincus' fame has been nothing short of established. Yet as Zynga's stock continues to slide, the gamemaker's chief executive has apparently found a new place to invest his world class fortune: San Francisco's most desired real estate.
Mark Pincus has sold two San Francisco homes and upgraded into a third for an 8-figure sum, marking a trend of power players in the startup world turning their startup shares into real assets.
Mark Pincus has plunked down $16 million on a new 11,500-square-foot mansion in San Francisco's posh Pacific Heights neighborhood. It is reported that the four-level, state of the art home comes with Golden Gate Bridge views, seven bedrooms, six fireplaces, an exercise room, wine storage room, a flower arranging room... oh, and an elevator.
Its previous resident was a philanthropist who lived there till her death at age 97 and then left the property to the Calvary Foundation, which put it on the market for $16.5 million in the spring. Pincus sold his previous two San Franciso abodes this year for $1.9 million and $8.2 million.