Why Billionaires Continue to Use Mortgages for Luxury Property Purchases

Even some of the world’s wealthiest individuals continue to use mortgages when purchasing high-value real estate, despite having the ability to buy outright in cash.

The article highlights how figures including Elon Musk and Mark Zuckerberg have used large-scale mortgage financing as part of a broader wealth management strategy, allowing them to preserve liquidity and maintain exposure to higher-performing investments.

Robinson says that ultra-high-net-worth individuals often use leverage strategically, particularly when borrowing costs remain lower than potential investment returns. He notes that mortgages can also support broader tax and liquidity planning objectives within sophisticated wealth structures.

Read the full article here: Billionaires Elon Musk and Mark Zuckerberg used mortgages to buy multimillion-dollar mansions