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Los Angeles Becoming a Destination for Tech Entrepreneurs

Written by   •  Friday, 08.05.2015, 12:30
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Los Angeles

The tech billionaires are all coming to LA where the next wave of action is… That, and warm weather, lower costs. Los Angeles is becoming a new home for angel investors and tech founders. Some of the most high profile purchases in recent years include Bezos’ $24.5 million Beverly Hills compound. Sean Parker, co-founder of Napster and an early leader at Facebook, purchased Ellen DeGeneres’ Holmby Hills mansion for $55 million. Swedish tech billionaire Markus Persson, the creator of “Minecraft,” topped them both when he spent $70 million for a Beverly Hills mansion fitted with a $200,000 candy room.

 

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David Wertheimer

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David Wertheimer is the President of Digital at FOX.

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