It’s no secret that the world’s billionaires have out-of-this-world lifestyles. They own mansions and yachts in exotic locations, have access to private jets, and often enjoy lavish parties. However, some of the world’s wealthiest people also invest in more private and secure properties, like bunkers. Recently, Amazon founder Jeff Bezos made headlines for purchasing a new home in Miami’s “billionaire bunker” area. Today, we’ll take a closer look at what these millionaire bunkers are all about and what makes them so intriguing.
1. What Is a Billionaire Bunker?
Billionaire bunkers are homes designed to offer complete privacy, security, and protection from external threats. They are essentially underground or fortified properties that can withstand natural disasters, terrorist attacks, and other hazards. These bunkers are mostly owned by those who can afford to build them and are often located in secluded, high-end neighborhoods. Some of the amenities you can find in these homes include panic rooms, bulletproof glass, and backup power systems.
2. Who Owns Such Bunkers?
It is reported that many well-known billionaires own secured bunkers, including PayPal co-founder Peter Thiel, and Oracle co-founder Larry Ellison. They have bought properties located in Wyoming, Texas, Nevada, and other states with low populations but still accessible by private planes. Billionaires are known for being risk-averse, and hence they want homes that offer complete privacy and security. The strict measures employed in such bunkers effectively prevent unwarranted people from entering them.
3. What Is Miami’s “Billionaire Bunker”?
Miami’s “Billionaire Bunker” is an exclusive residential island called Star Island, which has a collection of some of the most expensive and luxurious homes available today. It is known as one of the most extravagant and secure places to own a property. Naturally, the houses here come with high levels of exclusivity and security. In other words, these homes offer the perfect alternative to billionaires who prefer to remain under the radar without compromising their lifestyle. The island is considered one of Miami’s prime real estate districts, with celebrities like Shaquille O’Neal, Sean Combs, and Gloria Estefan owning their houses there.
4. Who Will Be Jeff Bezos’ Neighbors?
Jeff Bezos will join Tom Brady and Gisele Bundchen in their Miami Beach home, right by the exclusive Star Island. Brady and Bundchen purchased the property some years back, and it cost them a whopping $17 million. So it is not surprising that Bezos was willing to shell out $23 Million to have his slice of paradise right beside them. The impressive Star Island neighborhood guarantees exclusivity and privacy and is an excellent spot for wealthy homeowners who wish to live far from prying eyes of the public.
5. What Does Miami’s Billionaire Bunker Say About Miami Real Estate?
Aside from being home to one of the wealthiest real estate locations worldwide, Miami also has many different properties for all budgets. The pandemic has led billionaires to realize that security is key and Miami offers ample room for that. The city saw a 74% increase in sales over $5 million during mid-2020 to mid-2021. The increase in buying of high-end homes in Miami has made it a popular destination for the elite class. Although it is unsure whether Miami’s luxury market is sustainable, one thing is sure: the city is full of diverse real estate niches and caters to people’s different tastes.
Billionaire bunkers might seem like a bizarre fascination, but they offer insight into the ultrawealthy’s mindset. Homes like those in Miami’s “Billionaire Bunker” are becoming increasingly popular, indicating that billionaires’ need for privacy and security is becoming more paramount. Miami’s elite luxury market is diverse, offering something for everyone, and becoming a top destination for the extremely wealthy. Jeff Bezos’ purchase is just another example of how Miami’s high-end real estate is attracting billionaires from all over the world.