Zuckerberg spends over $100 mn to buy Hawaiian properties

indexNew York: Facebook co-founder  Mark Zuckerberg has reportedly spent over $100 million to buy two massive chunks of land on Kauai – the oldest of the main Hawaiian Islands, Forbes magazine reported.

With this purchase, the 30-year-old billionaire plans to create a secluded 700-acre sanctuary for his family, it added.

The first acquisition is Pila’a Beach, an isolated 393 acre land with a private white sand beach.

The second land is the adjacent Kahu’aina Plantation, a 357 acre former sugarcane plantation.

The Pila’a Beach property consists of five separate parcels, each which could be developed into private homes, the report added.

The Kahu’aina Plantation was owned by the California-based Falko Partners, belonging to a Hawaii land owner named Larry Bowman.

Download the U4UVoice App Now:

Leave a Reply

Your email address will not be published. Required fields are marked *