Apr 142021

Zoom Investor Drops $14.5M On Two Palos Verdes Homes

Zoom’s Subrah Iyar has invested in two homes on the Palos Verdes Bluffs, reportedly for his two daughters.

Zoom has said it's seeing more business for people wanting to meet online throughout the pandemic.
Zoom has said it’s seeing more business for people wanting to meet online throughout the pandemic. (AP Photo/Mark Lennihan)

RANCHO PALOS VERDES, CA — Subrah Iyar, one of the first reported Zoom investors, has made a big investment in the Palos Verdes Peninsula, according to the Real Deal.

The tech investor from Mumbai saw his video conferencing investment grow in the pandemic and has spent $14.5 million on two separate mansions on the bluffs. Both properties are Tuscan-style designs and boast incredible views of the ocean and Catalina Island. The homes are reportedly about five houses away from each other on Sea Cove Drive.

His daughters married twin brothers and were recently featured in Netflix’s docuseries “The Big Day,” highlighting lavish traditions and customs of Indian weddings. The homes could be wedding gifts.

Zoom Video Communications Inc. had some major gains in the pandemic with adjusted earnings growing by almost 10 times, adding nearly $2 billion in revenue, according to Marketwatch. The stock is still reportedly rising.

Read the full Real Deal Story.

via Patch.com


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