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Life takes cash: Visa CEO buys lakefront home in North Palm Beach
Founding partner of Bain Capital sold the waterfront house
It’s likely everywhere he wanted to be. Alfred Kelly Jr., Visa’s chairman and CEO, paid $7.9 million for a home in North Palm Beach.
Kelly and his wife, Margaret, bought the lakefront home at 833 Turtle Beach Road from Robert F. and Tona B. White.
James Kenny and Paul Kaneb of Lost Tree Village were the listing agents. The four-bedroom, five-bathroom house was built in 2012 and spans nearly 5,600 square feet.
Alfred Kelly joined the Visa board as an independent director in 2014 and was named the CEO in 2016. From 1987 to 2010, he was the president and head of the global consumer group at American Express, according to his LinkedIn.
Robert White is a senior lecturer in the entrepreneurial management unit at Harvard’s business school and was a founding partner of investment company Bain Capital.
The Whites paid $5.6 million for the property in 2015.
Recently in North Palm Beach, Larry Ellison, the co-founder of Oracle Corp. spent $80 million on an estate and the estate of a late coal billionaire sold his two oceanfront properties for $22.1 million and $25.6 million.