Zappos’ CEO is Worth $840 Million, But Lives in a Trailer Park

Tony Hsieh is not a poor guy. From selling his first startup, LinkExchange, to Microsoft for $265 million and his second one, Zappos, for $1.2 billion, the 41-year-old boasts a reported net worth of $840 million.

With that kind of money, Hsieh could pretty much live anywhere he chooses. However he decided to move out of his luxury apartment and move into a trailer park last year with his pet alpaca Marley.

The park is a part of the $350 million that he invested in revitalizing downtown Las Vegas to essentially turn it into a Silicon Valley for Nevada. David Gelles of the New York Times wrote:

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“A vacant lot is now a trailer park crammed with shiny silver Airstreams that are rented out to visiting computer coders. He moved into one trailer a few months ago and keeps a pet alpaca there. He calls the community Llamalopolis. It is the anti-Vegas.”

But these trailer homes are far from being run-down. Kristy Totten of Las Vegas Weekly wrote:

“Inside, the Airstreams are sleek and high-tech, with wood paneling, stainless-steel appliances, a Bluetooth stereo and two TVs. The Tumbleweeds are homier, with the feel of a modern wood cabin, but with less tech and less space—the main sleeping quarters are lofted, and there’s no couch or kitchen table. The trailers were initially purchased for a hotel concept, but that hasn’t gotten off the ground.”

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Here’s an idea of what some of these trailer homes look like. 

Hsieh has always been known to be quite frugal with money. Erik Moore, an early Zappos investor, told Business Insider:

“Money is just a way for Tony to get to his endgame. Money just doesn’t matter to him. If he only had a million dollars left, he’d spend $999,999 to make Vegas work. He would be just as happy with a dollar in the bank and being around people he cares about and care about him.”

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