Tuesday, October 14, 2014
Mark Zuckerberg Drops $115 Million On 750 Acres of Land In Kauai
And this news broke the same day it was revealed that the Facebook founder donated a whopping $25 million to the Centers for Disease Control to help combat the deadly Ebola outbreak. But remember, the Zuck is worth an estimated $33.3 billion, so this is all just a drop in the bucket!
Anyway, the rumors are apparently true: Mark Zuckerberg has purchased 750 acres of land on Kauai's north shore, and it cost him a little over $115 million. Two properties are included in the parcel -- the first is the 357-acre Kahu’aina Plantation, which includes 2,500 feet of white sand beach, and the second is Pila'a Beach, a 393-acre isolated oceanfront property adjacent to the plantation.
The plantation, which has a working organic farm, set Zuckerberg back $66 mil, while Pila'a cost $49.8 million. Technically, the tech billionaire has an 89.2% stake in the second property, so he doesn't own it outright, but given how private he is, we can't imagine he'd buy it unless it came with certain guarantees.
The plantation has approval for 80 houses, but of course, Zuckerberg only plans to build one. Maybe a guest home too? I mean, he's got enough space.
Posted by
Beverly News
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