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Having $1 billion isnt enough these days. To be seen among the richest of the rich, you now need your own private sanctuary.For some, that means a sprawling compound. Increasingly, though, members of techs 1% are incorporating their own towns, giving them the power to set rules, issue building permits, and even influence education. Some of these modern-day land grabs are already functioning; others are still in the works.Either way, the billionaire class is busy creating its own utopias. Heres where things stand:Elon MuskMusk can lay claim to not one but two towns in Texas.In May, residents along the Gulf Coast voted to incorporate Starbase (though its worth noting that nearly all of them were SpaceX employees). Previously called Boca Chica, the 1.5-square-mile zone elected Bobby Peden, a SpaceX vice president of 12 years, as mayor. He ran unopposed.The vote stirred controversy. The South Texas Environmental Justice Network opposed the plan. The group wrote in a press release in May: Boca Chica Beach is meant for the people, not Elon Musk to control. For generations, residents have visited Boca Chica Beach for fishing, swimming, recreation, and the Carrizo/Comecrudo Tribe has spiritual ties to the beach. They should be able to keep access.Musk also controls Snailbrook, an unincorporated town near Bastrop, about 350 miles north of Starbase. The area includes a SpaceX site that produces Starlink receiver technology, sits just 13 miles from Teslas Gigafactory, and features housing and a Montessori school that opened last year.Mark CubanIn 2021, Cuban purchased Mustang, Texas (population: 23). The 77-acre town, an hour south of Dallas, was founded in 1973 as an oasis for alcohol sales in a dry county. The former Shark Tank star told CNN he has no immediate plans beyond basic cleanup. Its how I typically deal with undeveloped land, he said. It sits there until an idea hits me.California ForeverThis project isnt tied to a single billionaire, but a collective. In 2017, venture capitalist Michael Moritz spearheaded a plan for a new city in Solano County, California, about 60 miles northeast of San Francisco. Backers included Marc Andreessen, Chris Dixon, Reid Hoffman, Stripes Patrick and John Collison, and Laurene Powell Jobs. Together, they spent $800 million on 60,000 acres.The plan proved unpopular. In November, California Forever withdrew its ballot measure to bypass zoning restrictions. (The land is not zoned for residential use.) It pivoted last month, unveiling Solano Foundry, a 2,100-acre project the founders say could become the nations largest, most strategically located, and best designed advanced manufacturing park.The group also envisions a walkable community with 150,000-plus homes. A Bay Area Council Economic Institute study released this week projected 517,000 permanent jobs and $4 billion in annual tax revenue if the revised plan goes forward.Larry EllisonEllison doesnt own a town, but he owns virtually all of one of the Hawaiian Islands. In 2012, he bought 98% of Lanai for about $300 million. He also owns the islands two Four Seasons hotels, most commercial properties, and serves as landlord to most residents. Lanai has become a retreat for the wealthy, hosting visitors from Elon Musk to Tom Cruise to Israeli Prime Minister Benjamin Netanyahu.Peter ThielThiel doesnt own a city, per se, but he is part of a collective backing Praxis, a proposed startup city that is currently eyeing Greenland for its base of operations. Other investors include Thiels PayPal cofounder Ken Howery and Andreessen. The plan for Praxis is similar to California Forever. Founders hope to create a Libertarian-minded city that has minimal corporate regulation and focuses on AI and other emerging technologies. So far, however, no notable progress has been made on the project.Mark ZuckerbergZuckerberg owns a 2,300-acre compound on the Hawaiian island of Kauai. Hes investing $270 million into Koolau Ranch, which will include a 5,000-square-foot underground bunker. Located on the islands North Shore, the property is also said to have its own energy and food supplies, Wired reports.While its not technically its own city, it will house more than a dozen buildings boasting upwards of 30 bedrooms and 30 bathrooms. There will be two mansions spanning 57,000 square feet, with elevators, offices, conference rooms, and an industrial kitchen. Those will be joined by a tunnel, which branches off into the underground bunker, which has a living space and a mechanical room as well as an escape hatch. Zuckerberg has posted on Instagram about the compound, saying he plans to raise Wagyu and Angus cattle.Bill GatesIn 2017, Gates announced plans for Belmont, a smart city on 234 square miles near Phoenix. Designed to house 180,000 people, it promised autonomous vehicles and high-speed networks. There havent been any recent updates on the status of the Arizona development, however, and the project is considered dead in the water (well, desert) at this point.