Zuckerberg’s 1.05% Loan Shows How Wealthy Stay Rich: Mortgages
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Billionaire Mark Zuckerberg is giving new meaning to the term “the one percent.”
The Facebook Inc. founder refinanced a $5.95 million mortgage on his Palo Alto, California, home with a 30-year adjustable-rate loan starting at 1.05 percent, according to public records for the property.