Real estate has long been the go-to investment for those looking to build long-term wealth for generations.
If you find yourself imagining what it would be like to build a city, you might play SimCity or other video games like it. But if you’re a billionaire, you don’t have to just pretend; you could actually do it.
In fact, the new thing for the modern-day titans of industry seems to be city planning — Bill Gates plans to build a 24,000-acre smart city in a remote part of Arizona, and Jeffrey Berns, a cryptocurrency millionaire, is planning a city on 67,000 acres in the Nevada desert.
The latest announcement comes from billionaire Marc Lore, former Walmart CEO and creator of Jet.com, (the sale of which made him a billionaire). Lore is planning a city of his own, likely in another desert locale, or in Lore’s words, a place “where the land [is] worth nothing, or very little.”
Besides building a futuristic city, Lore’s other plans to keep him busy after his Walmart retirement include advising start-ups and working on a reality TV show.Continue reading… “Could Utopian Telosa Be the Future of Cities?”