Excess

Karp's $28.5M House Next Door

Alex Karp · Bought the Waterfront House Next Door for $28.5 Million, Creating a Nearly $75 Million Mia

$28.5 million

Need

Could have paid a year of rent for

1,597

homeless veterans

At the U.S. median rent of $1,487 a month (Census, 2024), about $17,844 a year. U.S. Census Bureau median gross rent, via USAFacts

Karp bought the neighboring waterfront property for $28.5 million after paying $46 million for the adjacent mansion the prior year.

Or it could have

5,182
lives from malariaGiveWell estimates its top charities save a life for $3,000 to $5,500. We use the higher figure: $5,500, the cost through Against Malaria Foundation bed nets. GiveWell, How much does it cost to save a life?
260,274
hungry kids for a whole yearNo Kid Hungry: $1 can help provide 10 meals for kids. Three meals a day for 365 days is 1,095 meals, about $110 per child per year. No Kid Hungry, What your dollars can do
712,500
people clean drinking watercharity: water: about $40 funds clean water for one person, on average, in rural communities. charity: water, How much clean water will my donation provide
1,597
homeless veteransAt the U.S. median rent of $1,487 a month (Census, 2024), about $17,844 a year. U.S. Census Bureau median gross rent, via USAFacts
799
families escaping abuse a safe home for two yearsThe federal transitional housing program for survivors pays market rent for up to 24 months. At the U.S. median rent of $1,487 a month (Census, 2024), that is about $35,688 per family. U.S. DOJ Office on Violence Against Women, Transitional housing

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