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Oct. 11, 2013 / 2:06 PM

Mark Zuckerberg buys neighboring homes

Facebook CEO Mark Zuckerberg in 2011. UPI/Terry Schmitt

Facebook CEO Mark Zuckerberg in 2011. UPI/Terry Schmitt | License Photo

PALO ALTO, Calif., Oct. 11 (UPI) -- Facebook founder Mark Zuckerberg has purchased the four homes adjacent to his California residence and leased them back to the resident families.

The San Jose Mercury News quoted a source with knowledge of the transactions as saying the 29-year-old multibillionaire purchased the Palo Alto homes and leased them back to the families after learning a developer was planning to purchase one of the homes, replace it with a larger house and market the property as being next door to Zuckerberg.

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The source said Zuckerberg paid more than $30 million for the homes.

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