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A town in Northern California that’s virtually full of billionaires is, believe it or not, going broke. Portola Valley—population 4,397—was once dubbed the richest town in America, with a current average per capita income of $250,000. The co-founder of LinkedIn and the former CEO of Nike both call it home. Yet reports are circulating that
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What Happens When a City of Billionaires Goes Broke? California Town’s Housing Market on Edge as Bankruptcy Looms
Julie Taylor
05:26
A town in Northern California that’s virtually full of billionaires is, believe it or not, going broke. Portola Valley—population 4,397—was once dubbed the richest town in America, with a current average per capita income of $250,000. The co-founder of LinkedIn and the former CEO of Nike both call it home. Yet reports are circulating that