8 million this summer, according to people familiar. · nestled on four lush acres in montecito , the schmidts ’ mediterranean-style estate is pure southern california charm. His purchase price? Schmidt is now worth an estimated $22. 6 billion – and is precisely the sort of owner the solana estate. 8m – who else could afford such palatial beauty amidst a pandemic, other than, eric schmidt , the former chief executive of google, and his wife wendy schmidt. · fast forward to 2020, when eric schmidt purchased it for $ 30. · montecito , california, is renowned for its opulent estates, and the $ 34 million solana estate owned by former google ceo eric schmidt stands as a testament to luxury and exclusivity. Eric schmidt , the former chief executive of google, and his wife wendy schmidt purchased a large estate in montecito , calif. , for $ 30. · the wall street journal reported that ex-google ceo eric schmidt is the buyer mr. Originally built in 1926 by famed architect george washington smith, this. · its just been confirmed by the wall street journal that former google ceo eric schmidt is the buyer of an absolutely ridiculous montecito estate called solano. The main residence spans 22,729 sq ft, with five bedrooms and a two-bedroom guesthouse, totaling around 20 bathrooms. · purchased with an extranomical price tag of $ 30. 8 million , a far cry from its 2012 listing at $57. 5 million.