Young millionaire buys $70M estate

A $70 million estate in Hillsborough, California, owned by private equity investor Ted Kruttschnitt and recently sold to a buyer linked to the AI industry, has set a local record. The property, modeled after an Italian lakeside villa, features extensive amenities including a sports complex, amphitheater, reflecting pool, and lush landscaping. The buyer is identified as Tony Wu, a 31-year-old co-founder of Elon Musk’s AI company xAI, who has a background at OpenAI and Google’s DeepMind. The sale, finalized in August, reflects one of the highest home prices ever recorded in the Bay Area.

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