Pat Kissinger, Intel's former chief executive, has announced that he will officially retire from the struggling tech company on Dec. 1, 2024, and resign from the board of directors. Intel shares soared 3.9 percent on Dec. 2 following the news, reflecting the market's reaction to the news of his departure.
Kissinger, who has four children with his wife, Linda Fauchon, has not said whether he will continue to work in the tech industry or retire altogether, but his real estate portfolio and lifestyle seem to point to the latter option. The focus of the couple's life today may be shifting to enjoying the serenity of California, especially in the two mansions they sit in.
One of the eye-catching properties is located in the Silicon Valley neighborhood, just 30 minutes from Intel's headquarters. This mansion boasts six bedrooms and six and a half bathrooms with luxurious amenities including a home theater, wine cellar, and library. The property was originally purchased in 2013 for $6.25 million and undoubtedly became one of their high-end homes in the tech hub.
According to records, former Intel CEO Pat Kissinger owns two stunning properties in California, one of which is located near the tech company's office in Santa Clara, Calif. (Realtor.com)
The six-bedroom, six-and-a-half-bath mansion is located just 30 minutes from Intel's offices and boasts plenty of impressive amenities, including a library, home theater and wine cellar. (Realtor.com)
Gelsinger and his wife, Linda Fortune, purchased the home in 2013 for $6.25 million. (Realtor.com)
The home was described as “idyllic” in the original listing. (Realtor.com)
However, if the Kissinger's want to get away from the hustle and bustle of their work life, they may choose to shift their focus to another home in Kenwood, California. Located in the heart of the famed Sonoma wine region, the property is a luxury resort designed with entertaining in mind, perfectly suited for hosting family gatherings and private parties. With eight bedrooms and 9.5 bathrooms, the home is large enough to accommodate Mr. and Mrs. Kissinger as well as their four adult children and eight grandchildren.
Kissinger and his wife also own a beautiful home in Kenwood, California, which is located on the outskirts of Sonoma, in the heart of wine country. (Realtor.com)
The eight-bedroom, nine-and-a-half-bath home is large enough for Gelsinger and his wife, as well as their four adult children and eight grandchildren. (Realtor.com)
It even comes with its own “party barn,” as well as an underground wine cellar, pool, hot tub and full-size tennis court. (Realtor.com)
According to Realtor.com®, Gelsinger purchased the home through a trust in 2023 for $11.75 million, making it the latest addition to his real estate portfolio. (Realtor.com)
The home is flooded with natural light and is described in the listing as a “heavenly retreat.”
In addition to the luxurious living space, the property includes a “party barn” designed for entertaining, an underground wine cellar, tennis courts, a swimming pool and hot tub. Whether you're looking to party, relax, or enjoy the world of wine, this home offers the perfect place to do so. The home was purchased through a trust in 2023 for $11.75 million, according to the property's registry, making it a great addition to Kissinger's portfolio.
Additionally, the home is equipped with a solar system, generator and two wells, making it a perfect fit for those who want to get away from the hustle and bustle of the city and immerse themselves in nature and tranquility. Described as a “paradisiacal retreat,” it is undoubtedly the ideal place for the Kissinger's to enjoy their retirement.