Saturday, December 20, 2014

Mark Zuckerberg Buys 700 Acres of Hawaiian Island



Mark Zuckerberg has paid more than $100-million for a swath of land in Hawaii.

The Facebook chief  bought part of Kauai, the fourth largest of the Hawaiian islands, Forbes magazine reports.

His 700 acres on the north shore will include a pristine white sand beach, a former sugarcane plantation and an organic farm.

However, the beach will have to remain open to the public as the state of Hawaii does not recognize private property on stretches of beach sand.

In 2011,  Zuckerberg spent $30-million buying four homes adjoining his own property in Palo Alto to fend off a developer who was going to purchase them and market them to potential buyers as being “next door to Mark Zuckerberg.”

4 comments:

  1. "However, the beach will have to remain open to the public as the state of Hawaii does not recognize private property on stretches of beach sand."

    That's completely idiotic. If I spent $100 million on property I would EXPECT it to be MINE and not anyone else. What bullshit.

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    1. We don't own real estate in this country, we purchase leases on it and then pay rent to the government and have to ask its permission to do things with the property.

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    2. I know that B. That was my point.

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  2. Virtually all "private" property in the US is subject to some government restrictions. Consider zoning laws, architectural guidelines, etc.

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