Tech

Here's How The Wealthiest People In Tech Will Spend Their Summers

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michael dell hawaii
Michael Dell has a waterfront Hawaiian mansion worth $58 million.  Justin Sullivan/Getty Images, Bing Maps

Summer is the time for relaxing, taking a vacation, and traveling with friends and family. 

But "vacation" means something a little different when you're a tech millionaire or billionaire. 

From massive island retreats to private superyachts, these tech executives have come a long way from summer camp. 

Microsoft billionaire Paul Allen will likely be cruising the Mediterranean on one of his superyachts. The 414-foot Octopus has recently been spotted in Syracuse, Sicily, and Corse, an island just north of Sardinia. When he needs a break from the sea, he can always dock at the Villa Maryland, his hilltop mansion on the Côte d'Azur.

paul allen octopus
Stephen Lovekin/Getty Images, cw_anderson/Flickr

Source: Instagram, Instagram 

Salesforce CEO Marc Benioff loves all things Hawaii. He wears Hawaiian shirts to work and even named his dog "Koa," after a type of Hawaiian tree. He also owns a 5-acre estate on the Big Island, which he purchased for $12.5 million in 2000.

marc benioff hawaii
Justin Sullivan/Getty Images, Bing Maps

HP chief Meg Whitman owns a mountain home and dude ranch in Telluride, Colorado, where she reportedly keeps pet alpacas. In 2007, Whitman donated $1.15 million to preserve more than 500 acres of meadows and wetlands in the area.

meg whitman telluride
Kevork Djansezian/Getty Images, Terry Foote/Wikimedia Commons

Oracle billionaire Larry Ellison will have an entire Hawaiian island to explore this summer. He purchased the island of Lanai for $500 million in 2012. If he gets bored of Hawaii, he can always relax at his home on Lake Tahoe or one of his beachfront houses in Malibu.

larry ellison lanai
Starr Environmental/Flickr, Alberto E. Rodriguez/Getty Images

Source: Forbes

PayPal cofounder Peter Thiel bought this 1.7-acre oceanfront property in Maui in 2011. At a selling price of $27 million, it was reportedly the biggest single-family purchase ever completed in Hawaii's Maui County.

peter thiel hawaii
GRuban/Wikimedia Commons, Bing Maps

Former Microsoft CEO Steve Ballmer will definitely be hitting the links this summer. He told the dean of Oxford's School of Business that playing golf around the world is his favorite part of being wealthy. "I can play just about any golf course I want on the planet," he said.

ballmer golf
Andrea Pacelli/Wikimedia Commons, Adam Berry/Getty Images

Source: YouTube

Google chairman Eric Schmidt has a $72-million yacht called the "Oasis," which he charters out for $400,000 a week. The yacht has plenty of amenities, including a pool, jet skis, and a gym that can be converted into a disco. He and estranged wife Wendy also own homes in Nantucket and Montecito, California, in addition to their primary residence in Atherton.

eric schmidt oasis
Sean Gallup/Getty Images, Y.CO

Source: GQ

Former Yahoo CEO Carol Bartz vacations at a 5-bedroom home on Hawaii's Big Island. The 117,00-square-foot lot is surrounded by black lava and a luxury golf course.

carol bartz hawaii
Schreibvieh/Wikimedia Commons, Bing Maps

Source: Honolulu Magazine

 

San Francisco-based tech entrepreneur Trevor Traina often vacations at Beaulieu, a Gilded-Age mansion in Newport, Rhode Island. The historic home belongs to his grandmother, Ruth Buchanan, an heir to the Dow Chemicals estate.

trevor traina newport
FinancialTimes/Flickr, ReadingTom/Flickr

Source: SF Gate

Dell founder and CEO Michael CEO vacations at a massive Hawaiian retreat known by many as the "Raptor Residence." The seven-bedroom tropical retreat has been rumored to be worth as much as $58 million.

michael dell hawaii
Justin Sullivan/Getty Images, Bing Maps

Virgin Group billionaire Richard Branson will probably spend time partying with A-listers on his private Caribbean retreat, Necker Island. The 74-acre resort can accommodate up to 30 people and has eight guest bedrooms, a 1,500-square foot master suite, and a zip line that carries guests down to the beach.

richard branson necker island
Rob Libetti/Business Insider

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Madeline was a correspondent covering e-commerce companies including Shopify, Amazon, Temu, and Shein. She also wrote about e-commerce startups and online seller communities. She previously edited stories for the retail section. Before that, she wrote for the executive lifestyle and tech verticals, where she reported on luxury real estate, restaurants, and travel. She graduated from the University of Notre Dame with majors in American Studies and Spanish. She is based in the Northeast.Have a tip? Contact Madeline via Signal at mlstone.04. Use a personal email address and a nonwork device; here's our guide to sharing information securely.Read some of her work here:— Wealth Assistants claimed it would help its clients make money on Amazon. Clients said they 'lost everything' instead.— The DTC fraternity: In an industry known for lively events and strong online communities, women say they feel left out— Blackface, booze, and blurred lines at the $2 billion tech firm Rokt— Meet 38 members of the 'Shopify Mafia' who embraced the e-commerce giant's entrepreneurial spirit and launched their own companies— Read the essay Shopify's CEO sent to managers to remind them they are a sports team, not a family. It shows the growing tension between leaders and employees in the corporate world.— Ex-Shopify and Deliverr workers say layoffs, compensation issues at Flexport capped a 15-month rollercoaster: 'Honestly a bit relieved that it's over'