The billionaire tech and CEO of the company that owns Facebook, Meta, bought about 44 more hectares of land on the island of Kauai. With this latest addition, the Zuckerberg property, which he dubbed Ko’olau Ranch, grew slowly. more than 600 hectares on the north coast of the Hawaiian island.
According to the Star-Advertiser, the purchase cost Zuckerberg $ 17 million and includes a century-old reservoir whose dam broke in 2006, causing a flood that killed seven people. The reservoir was not repaired and is considered high risk, but Zuckerberg and his wife, Priscilla Chan, are committed to complying with the legal requirements surrounding the reservoir, his spokesman Ben LaBolt told Business Insider.
This latest purchase is Zuckerberg’s second this year: In March, he paid $ 53 million for nearly 240 hectares of land on Kauai including a public beach and a cattle ranch. That was in addition to the 300 he bought nearby in 2014.
“Mark and Priscilla continue to live at Ko’olau Ranch,” LaBolt told Insider last Monday. He added that the couple had “worked closely with various community partners to operate a working ranch, promote conservation, produce sustainable agriculture and protect wildlife and hope to expand their efforts to include this additional property. ”
While Zuckerberg, Chan, and their two daughters live in Palo Alto, California, they have been spending more time on the island farm for the last two years. In March, the couple donated $ 4.2 million to an employment program for Kauai residents who lost their jobs as a result of the pandemic and recently gave 4.85 million in subsidies for affordable housing.
But it is not all a good image for the founder of Facebook. The couple’s presence on the island has a troubled history in the seven years they have been there. Tyler Sonnemaker reported to Insider last month that many local residents viewed Zuckerberg’s land purchases as a “new monarchy” that did not respect the history of the island.
Zuckerberg first angered neighbors in 2016 by building a 6-foot wall around his property in an attempt to reduce road noise. A year later, Zuckerberg filed a lawsuit against families who had property claims on parcels of land. within your property, saying at the time that it had filed the lawsuit to ‘make sure the smaller partial owners also get paid their fair share’. But residents described the move as ‘neocolonialism,’ ”explains Insider.
The residences of Mark Zuckerberg
102,000 million dollars. With that heritage, Mark Zuckerberg is, until November of this year and according to Forbes, the fifth richest person in the world. Ahead are Jeff Bezos, Bernard Arnault, Elon Musk and Bill Gates. And, with that money, the founder and current CEO of Facebook has the budget to live in the house he wants. The houses, rather.
In Palo Alto, next to Menlo Park, where Facebook’s headquarters are located, Zuckerberg has a mansion where he lives with his wife Priscilla Chan and their two children, Maxima and August, in the State of California.
His other investments include two adjacent homes in Lake Tahoe on the border of California and Nevada. which he bought in 2018 for almost $ 59 million.