Too Much Money: Facebook’s Zuckerberg Pays For $100 Million Kauai Property

share on:
Facebook introduces Profile Videos: Users can now have 7-second videos on their profile

Facebook founder Mark Zuckerberg has reportedly purchased two massive, adjacent chunks of land on Kauai’s North Shore in an effort to create a secluded 700-acre sanctuary for his family,

Sources confirmed to Forbes that the 30-year-old billionaire has spent in excess of $100 million to acquire the land, and he hasn’t even built a house yet.

The first acquisition is Pila’a Beach, an isolated, 393-acre parcel with a gorgeous white sand beach. Property records show that an entity called Pila’a International LLC paid $49.8 million for an 89.2% stake (or about 350 acres) in the property on September 12. Pila’a International, LLC has an office in Woodbridge, Conn. The property was not officially listed, but was being shopped discreetly as a “pocket listing.”

zuckerberg 360nobs.jpg,,.jpg,,

Zuckerberg’s second acquisition is the adjacent Kahu’aina Plantation, a 357-acre former sugarcane plantation that has been off-and-on-the market for a few years, most recently listed for $70 million. That property features 2,500 feet of oceanfront and a working organic farm. The sale price has not yet been recorded at the county, but local reporter Duane Shimogawa of Pacific Business News pegs it at about $66 million. Sources tell Forbes his reporting is accurate.

zuckerberg 360nobs.jpg,,..

Though the Facebook billionaire brought an unusually lengthy non-disclosure agreement along on his property shopping trip, the fact that he bought land on Kauai’s North Shore is a well-known secret on the island. Last year, when Zuckerberg dined at burger joint Bubba Burgers he made the local paper’s front page.

“We don’t comment on rumors and speculation, but thank you for reaching out!” a Facebook spokesperson said.

Datboyjerry

Datboyjerry

I am but your herald boy in the art of the pen.. An eccentric Environmental Biologist smouldered in the glorious epiphany of online journalism. If you ever find my article unduly insipid, sue me and i’ll refund you...

Leave a Reply