Mansion Global: Meta exec and former U.K. deputy prime minister books $2.5 million profit on house sale in tony Atherton, Calif.

Daily Trade

Nick Clegg, the former deputy prime minister of the U.K., current president for global affairs at Meta Platforms
META,
-0.54%

and the man who will decide whether to allow Donald Trump back on Facebook, has just sold his posh home in California’s Silicon Valley for $11.56 million.

See: Trump’s Facebook ban may end as soon as January 2023, Meta executive says

And: Facebook parent Meta is no longer one of 10 most valuable U.S. companies. Here’s what just overtook it.

The five-bedroom house, in Atherton — one of the most expensive towns in the U.S. — spans just over 5,000 square feet and “makes a commanding first impression,” framed by verdant lawn and white roses, according to the property’s listing with Hadar Guibara of Christie’s International Real Estate Sereno. 

She did not immediately respond to a request for comment. 

Loaded with traditional appeal from the oak hardwood floors, to classic millwork and architectural ceilings, the two-story home has a neutral interior palette. 

On the main level are grand formal rooms, an office, a “tremendous kitchen and family room combination,” and a bedroom suite. The rest of the bedrooms, including a multiroom primary suite, are upstairs, the listing said. 

Elsewhere on the property is a one-bedroom guest house, a pool and loggia with a fireplace.

The former Liberal Democrat party chief snapped up the place with his wife, international lawyer Miriam González Durántez, in 2018 for $9 million, records with PropertyShark show. 

Atherton’s 94027 ZIP Code, where this home is located, is one of the wealthiest in the U.S. and an “enclave for Silicon Valley power players,” according to the Wall Street Journal, which noted the five-square-mile town — some 35 miles south of San Francisco — has a population of 6,915 and median household income above $250,000. 

The median home price in the affluent enclave stood at $6.16 million as of August, down 9.3% year over year, according to Redfin data. 

Clegg, 55, served as deputy prime minister from 2010 to 2015 and as leader of the Liberal Democrats from 2007 to 2015. He joined Meta — then simply known as Facebook — in 2018 and now serves as vice president of global affairs and communications. 

Last week, he explained at an event held by news outlet Semafor in Washington, D.C., that he will make the decision on whether to reinstate Donald Trump’s Facebook account when his ban from the platform — a result of his violating the company’s incitement of violence policy — expires next year. 

“It’s not a capricious decision,” he said. “We will look at the signals related to real-world harm to make a decision whether at the two-year point — which is early January next year—whether Trump gets reinstated to the platform.” 

Read on:Facebook hastily switched off safeguards after Biden beat Trump, helping pave path to deadly Capitol riot: whistleblower

Also: Meta Platforms agrees to pay for personal security for outgoing COO Sheryl Sandberg

Articles You May Like

Processed food stocks fall as investors brace for increased scrutiny under Trump, RFK Jr.
Autonomous Vehicles: Why 2025 Will Usher in the Self-Driving Car
Snowflake’s stock flies higher as software company’s outlook impresses
Acurx Pharmaceuticals to add up to $1 million in bitcoin for treasury reserve, following MicroStrategy’s playbook
Activist ValueAct is poised to trim fat and help boost profits at Meta Platforms. Here’s how