Mark Zuckerberg Picks Up $100M Of Prime Hawaiian Real Estate
- 10 years ago
Mark Zuckerberg, the founder and CEO of Facebook, picked up a 100 million dollar chunk of prime Hawaiian real estate.
Mark Zuckerberg, the founder and CEO of Facebook, has reportedly spent more than 100 million dollars to purchase a chunk of prime Hawaiian real estate.
The 700-acre expanse is on Kauai’s northern shore, and acquiring it took two sales.
One was for an approximately 90 percent share of 400 or so acres of beach-bearing property.
The other transaction locked in Zuckerberg’s ownership of the adjacent Kahu’aina Plantation, which was used in the filming of both ‘Jurassic Park’ and ‘Pirates of the Caribbean’.
It’s been reported that the new owner plans to use the whole expanse as a family getaway spot.
It may not be completely secluded however, as there’s still 10 percent of the one part that belongs to somebody else.
The oil executive who grabbed that piece has shown no interest in letting it go.
There’s also the matter of small pockets within the plantation’s perimeter that are occupied by other people. Those property rights have, in many cases, been passed down through generations.
Reportedly, Zuckerberg has had some success enticing those residents to vacate by offering them large sums of cash.
If it doesn’t work out, the billionaire can always follow in Larry Ellison’s footsteps and lay down several hundred million for a Hawaiian island that’s all his own.
Mark Zuckerberg, the founder and CEO of Facebook, has reportedly spent more than 100 million dollars to purchase a chunk of prime Hawaiian real estate.
The 700-acre expanse is on Kauai’s northern shore, and acquiring it took two sales.
One was for an approximately 90 percent share of 400 or so acres of beach-bearing property.
The other transaction locked in Zuckerberg’s ownership of the adjacent Kahu’aina Plantation, which was used in the filming of both ‘Jurassic Park’ and ‘Pirates of the Caribbean’.
It’s been reported that the new owner plans to use the whole expanse as a family getaway spot.
It may not be completely secluded however, as there’s still 10 percent of the one part that belongs to somebody else.
The oil executive who grabbed that piece has shown no interest in letting it go.
There’s also the matter of small pockets within the plantation’s perimeter that are occupied by other people. Those property rights have, in many cases, been passed down through generations.
Reportedly, Zuckerberg has had some success enticing those residents to vacate by offering them large sums of cash.
If it doesn’t work out, the billionaire can always follow in Larry Ellison’s footsteps and lay down several hundred million for a Hawaiian island that’s all his own.