The latest 'rich-people-spending-money' news involves none other than Paul Allen, the billionaire co-founder of Microsoft.

When not busy managing the Seattle Seahawks and Portland Trail Blazers, Allen likes to shop around for expensive houses all over the world.

His latest purchase is a massive 22,000-square-foot custom home located in the affluent Silicon Valley town of Atherton, California. Other tech billionaires like Google’s Eric Schmidt, HP's Meg Whitman, and Oracle’s Mark Hurd also have homes there.

Allen reportedly got a good deal for it, spending only $27 million despite the fact that the home was listed $31.8 million in late September. But at least we're showing you the pics for free. Check them out below: