Real estate has been a lucrative investment option for building wealth for centuries, and some of the world’s wealthiest individuals know this well. Currently, three out of the five wealthiest individuals globally are making distinctive moves within the real estate sector.

Warren Buffett’s Bet on Housing Market

Warren Buffett, the renowned investor, recently invested in Louisiana-Pacific Corp by purchasing 1.25 million shares, indicating his confidence that the housing market has hit its bottom. Berkshire Hathaway’s latest filing with the Securities and Exchange Commission (SEC) reveals a 7% stake in the homebuilding solutions company, valued at $417.1 million. Buffett’s investment suggests that he sees potential growth in the firm as the housing market recovers.

Given Buffett’s successful history of long-term investing, his bet on the housing market is a promising signal for the sector, the overall economy, and individual investors. Moreover, emerging companies present an opportunity for people to enter the real estate market with minimal capital, enabling more individuals to participate.

Jeff Bezos’ Backed Company for Single-Family Rentals

Jeff Bezos, the founder of Amazon.com, is investing in the housing market by supporting a company that offers investors the chance to buy shares of single-family rentals in up-and-coming neighborhoods for as low as $100. The company acquires properties that have the greatest potential for appreciation and displays them online, enabling nonaccredited investors to purchase shares and earn passive income from rent while their shares increase in value.

Elon Musk’s New Income Stream from Real Estate

Elon Musk, the CEO of Tesla and SpaceX and the new owner of Twitter, is exploring a new revenue source in the real estate sector. Musk is considering a collaboration with Lennar Corp, a construction company, to establish a residential complex for his employees. The initiative, known as “Project Awesome,” comprises 110 houses in Bastrop County, Texas, near the Boring Company and SpaceX facilities. The housing development has already been authorized for construction and will cater to the increasing demand for accommodation in the region caused by the creation of thousands of jobs by Musk’s companies.