Nick Clegg makes £3.6m profit after selling his luxury five-bedroom Silicon Valley mansion for £10.3m

  • Nick Clegg bought the property for £6.7m in 2018 when he joined Facebook
  • The former Liberal Democrat leader is reported to be on a salary of £2.7m
  • The house is in Atherton, America’s wealthiest town in California’s Silicon Valley
  • Clegg is now the president of global affairs and communications for Meta 

Sir Nick Clegg has made a £3.6 million profit after selling his luxury Californian mansion.

The former Deputy Prime Minister bought the five-bedroom home for £6.7 million in December 2018 when he moved to Silicon Valley to join Facebook as its vice-president for global affairs.

Clegg, now president of global affairs and communications for Meta, as Facebook has been rebranded, sold the house in Atherton, America’s wealthiest town, four days ago for £10.3 million. 

The former Liberal Democrat leader is reported to be on a £2.7 million annual salary, with £10 million in share options.

Sir Nick Clegg has made a £3.6 million profit after selling his luxury Californian mansion

His wife Miriam (couple are pictured in 2017), 54, an international trade lawyer, has repeatedly complained about life in the States, once comparing Silicon Valley to the Vatican, saying: ‘It’s slightly insular, massively wealthy. It’s not so diversified and is mostly run by men’

The property ‘makes a commanding first impression’, says estate agent Christie’s International, which describes it as a ‘jewel’ that is ‘framed by verdant lawn and white roses’.

Earlier this year, Clegg, 55, announced he was moving back to London for personal reasons, which included wanting to be closer to his elderly parents.

His wife Miriam, 54, an international trade lawyer, has repeatedly complained about life in the States, once comparing Silicon Valley to the Vatican, saying: ‘It’s slightly insular, massively wealthy. It’s not so diversified and is mostly run by men.’

The former Liberal Democrat leader is reported to be on a £2.7 million annual salary, with £10 million in share options

The couple’s three sons are also believed to be moving back into the family’s £3 million home in West London.

But they have not totally severed ties with Silicon Valley after snapping up a £1.5 million two-bedroom flat in Palo Alto, close to Meta’s HQ, earlier this year.

Clegg’s return to Britain comes as Meta comes under fire for not taking down harmful posts on Instagram, another of its social-media platforms.

On Friday, a coroner in London ruled that Molly Russell, 14, died in 2017 ‘from an act of self-harm while suffering from depression and the negative effects of online content’.

Her father Ian said after the landmark ruling: ‘They [Meta] didn’t really consider anything to do with safety.’

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