clock menu more-arrow no yes mobile

Filed under:

What Atlanta's Worth

New, 1 comment

If the Koch brothers, owners of Koch Industries (of which Georgia Pacific is a subsidiary), suddenly decided that they were really into pollen, sweet tea and summer festivals, they could conceivably buy every house in Atlanta with their wealth. According to real estate website Redfin, they would have to shell out $78.1 billion to acquire all 286,629 homes in the city. In fact, the 30 billionaires used for Redfin's example could, together, own 6 percent of the home equity in the nation. The Walton family, owners of Walmart, could also afford to buy up all the ATL's homes. Given how the city reacts to the addition of a single Walmart store in the wrong spot, it's safe to say the Waltons' purchase would not go over well. [Redfin]