Washington, D.C., Is America’s Newest Billionaire Boomtown
Cabinet officials and tech moguls are snapping up trophy properties, pushing the area’s luxury housing market to new highs
Josh Harris, co-founder of private-equity firm Apollo Global Management, paid $28 million for a Washington, D.C., home. TOWNSEND VISUALS
Updated Aug. 6, 2026 8:10 pm ET
When President Trump returned to office and vowed to shrink the federal government, some housing observers fretted over the impact on the long-stable housing market in Washington, D.C.
Instead, the region’s luxury market is setting records as wealthy administration members and tech and finance executives—placing more value on proximity to the capital—buy trophy homes there. LEARN MORE...
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