The chief executive officer of Twitter is doubling down on an exclusive clifftop neighborhood in San Francisco.
Billionaire Jack Dorsey, who co-founded Twitter and Square, a credit card payment service, forked out $21 million for a house next to one he has owned for seven years, according to Mansion Global. Dorsey paid $10 million in 2012 for his first mid-century two-bedroom house in San Francisco’s Sea Cliff neighborhood.
Dorsey, 42, reportedly bought his new two-story house next door in November. According to property records, the Twitter CEO’s newly acquired house has five bedrooms and three bathrooms.
The seller, Hin Land Investment, had purchased the house in 1997 for $2.85 million. The house had been unoccupied for years and needed repair work, according to building complaints filed with the city.
Exactly what Dorsey intends to do with the two houses and their combined 1.2-acre lot is unclear, but building permits show the second house he bought already has been improved with new interior finishes, an upgraded electrical system and two new furnaces. Records also show that an ongoing remodeling project will update plumbing in the laundry room, kitchen and three bathrooms.