Tuesday, October 05, 2010

Apple makes Maiden couple nearly $2M richer

Bloomberg reports that Apple recently made millionaires out of Maiden's Donnie and Kathy Fulbright.

Turns out the Cupertino, California company needed some land that Fulbrights lived on to complete its new billion dollar data center there. The Fulbrights brought the land for about $6,000 and built a modest single-story home there.

After turning down an initial offer, the Fulbrights sold for $1.7 million.

With their winnings, the Fulbrights bought a new 4,200 square foot home with a jacuzzi in the master bedroom. It sits on a 49-acre lot.

Thanks a lot Steve Jobs.

The data center is scheduled to be completed by the end of the year. Analysts believe it will herald the arrival of Apple's cloud-based computing, allowing users to stream and store videos and music on its servers instead of on user's computers. It could also be used to stream video content to Apple's just announced and recently released Apple TV set-top box.


Anonymous said...


They sold the land one would gather..in a good old fashioned capitalist transaction.

Anonymous said...

Profit on the sale of their residence, but its still a WIN!
Congrats! Hope they bought a suhweet foreclosure!