Categories: Business

Mark Zuckerberg buys part of Kauai

Mark Zuckerberg has reportedly bought two adjacent chunks of land in Hawaii for more than $100 million

Facebook founder Mark Zuckerberg has reportedly bought two adjacent chunks of land in Hawaii for more than $100 million.

Mark Zuckerberg bought part of Kauai, the fourth largest of the Hawaiian islands, Forbes magazine reported.

The 700 acres on the north shore of the island includes Pila’a Beach – an isolated 393-acre swathe of land with a pristine white sand beach – and the adjacent 357-acre Kahu’aina Plantation, and an organic farm reports the Daily Mail.

Mark Zuckerberg has reportedly bought two adjacent chunks of land in Hawaii for more than $100 million

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

However, according to Forbes, Mark Zuckerberg, 30, plans to build just one home.

Facebook chief executive plans to create a private getaway for his family but the beach will have to remain open to public as the state has no private stretches of sand.

Mark Zuckerberg, who is worth around $33 billion, is the second Silicon Valley billionaire to buy up part of Hawaii, reports the Telegraph.

Clyde K. Valle

Clyde is a business graduate interested in writing about latest news in politics and business. He enjoys writing and is about to publish his first book. He’s a pet lover and likes to spend time with family. When the time allows he likes to go fishing waiting for the muse to come.