Quantcast
Channel: Business Insider Australia
Viewing all articles
Browse latest Browse all 2041

Mark Zuckerberg May Have Just Dropped $66M On This Stunning Hawaiian Beachfront Plantation

$
0
0
zuckerberg hawaii

A report in Pacific Business News suggests that Facebook founder Mark Zuckerberg is the latest tech magnate to buy a large slice of Hawaii.

Perhaps wishing to leave his Palo Alto renovation woes behind, Zuckerberg may be the new owner of the $357 million Kahuaina Plantation, on the northeast coast of Kaua’i.

zuck hawaii 1
 
It's pretty speculative. Pacific Business News said the plantation failed to sell back in 2011 for $67.5 million. It went back on the market for $70 million this August and has been sold to the Hawaii-based Kahuaina Holdings LLC, which was formed in July.

Neither the seller nor a Kahuaina Holdings representative would identify the new owner.

brochure for the plantation sells it as, not surprisingly, a tropical paradise with nearly a full kilometer of white sand beach.

It has permits in place for 80 luxury homes, and the 27 acres will support “organic crops including ginger, turmeric, and papaya.” Another 105-acre property nearby was used for shoots on the films "Pirates of the Caribbean,""Tropic Thunder," and "Jurassic Park."

Zuckerberg is currently the 10th-richest man in the world with an estimated worth of $34 billion. Larry Ellison, who spent $300 million to own an entire island in Hawaii, is worth $50 billion, but Zuckerberg is gaining on him fast.

Travel + Leisure once rated Kaua’i as Hawaii’s best island, and it boasts daily nonstop flights to the US West Coast, including San Francisco.

Join the conversation about this story »


Viewing all articles
Browse latest Browse all 2041

Trending Articles



<script src="https://jsc.adskeeper.com/r/s/rssing.com.1596347.js" async> </script>