With Google & Facebook, this Silicon Valley suburb is US’ richest neighbourhood

Atherton, California, is America’s richest place for the third year in a row. Its residents made an average of $450,696 in 2017, a $7,293 increase from the prior year, according to the annual Bloomberg Richest Places index.

Billionaires who have called Atherton home include Google’s Eric Schmidt and Facebook’s Sheryl Sandberg. Both Google and Facebook Inc. have headquarters within 10 miles of Atherton, which is nestled inside the nation’s tech hub dubbed ‘Silicon Valley’. Stanford University is just two miles down the road from the town.

Atherton Mayor Bill Widmer said the tree-lined streets and lot sizes of at least one acre offer the residents privacy.