Facebook CEO Zuckerberg Buys Land in Hawaii for Private Sanctuary: Report

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By Indo-Asian News Service | Updated: 13 October 2014 11:44 IST
Facebook co-founder Mark Zuckerberg has reportedly spent over $100 million (approximately Rs. 612 crores) 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.

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With a net worth of $32.2 billion (approximately Rs. 1,97,200 crores), Zuckerberg has paid a reported $66 million (approximately Rs. 404 crores) for the Kahu'aina Plantation and $49.6 million (approximately Rs. 303 crores) for Pila'a Beach.

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Zuckerberg bought Pila'a Beach from Pfleuger Properties, a Hawaii limited partnership belonging to Jim Pfleuger, a retired local Honda dealer.

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

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

 

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Further reading: Mark Zuckerberg, Facebook
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