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Fortune
Fortune
Business
Sydney Lake

Inside the 'stealth wealth' playbook: How Silicon Valley's elite buy multimillion-dollar mansions without leaving a paper trail

(Credit: Getty Images)

For the ultrawealthy, it used to largely be the case that they wanted their flashy home purchases and sales to be made very public: Think drone shots, a glossy listing, and a splashy press release naming the owner and buyer.

All of that served as a way to show off and solidify their wealth. But now the upper echelons of the housing market want to be much more private, and a lot of it has to do with privacy being the new sought-after luxury.

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