world
Ultrawealthy Silicon Valley Buyers Use LLCs and Off-Market Deals for Privacy
Tech and AI executives in Silicon Valley are routing home purchases through limited liability companies, privacy trusts, and whisper listings to limit public exposure. The practice has increased over the past three years as wealth and security concerns have grown.
May 24, 12:36 PM·1m read1 source
FO
theconversation.comAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
A growing number of high-value home purchases in Silicon Valley are being completed without public listings or named buyers. Buyers route transactions through limited liability companies, privacy trusts, and so-called whisper listings that bypass the multiple listing service.
Post by @FortuneMagazine on X
Ken DeLeon, founder of DeLeon Realty in Palo Alto, described the shift as stealth-wealth buying. He said the change began about three years ago when rising tech-company valuations brought more wealthy residents to the area and increased demand for privacy.
Median sale prices in Atherton reached $8.33 million in 2025, up 5 percent from the prior year, according to PropertyShark data cited in the reporting. One 10,000-square-foot estate sold for $51.5 million off-market. Off-market residential sales rose at least 30 percent year-over-year in Brooklyn, Manhattan, and Queens between 2024 and 2025, with Brooklyn recording roughly $5.4 billion in privately marketed sales, according to data reported by The Real Deal.
A February 2025 Zillow Research analysis of 2.7 million transactions found homes sold off the MLS in 2023 and 2024 typically closed nearly $5,000 below on-market prices, a median gap of 1.5 percent.
DeLeon said sellers sometimes accept lower offers to avoid public exposure. He routinely advises clients to place title in an LLC or privacy trust where the listed manager is not directly linked to the owner. Utilities, deliveries, and small purchases are also placed under the LLC or trust name.
