Zuckerberg DOUBLES the size of the Hawaii empire after spending $ 53 million on 600 acres of beachfront land
Mark Zuckerberg and his wife Priscilla Chan have nearly doubled the size of their Hawaii estate and bought an adjoining 600-acre lot for $ 53 million, likely infuriating his island critics even more.
The founder of Facebook, who started buying up bits of the island in September 2014, added the additional land on March 19, according to Pacific Business News.
Kauai is the fourth largest of Hawaii’s eight main islands and is home to 67,000 people.
Zuckerberg, 36, and his wife expanded their Hawaii estate in March
The couple already owns the land above Pilaa Beach, on Kauai’s north coast
The family first bought the Kahu’aina plantation, then the Pila’a Beach plot and now a new area
The land on the north coast, which includes spectacular Larsen’s Beach, was purchased from a non-profit organization founded by a local family, whose roots, the paper reported, date back to the time of the Hawaiian kingdom.
Abner and Lucy Wilcox, a missionary couple, arrived from Connecticut in 1837 — when Hawaii was still a monarchy.
The monarchy would remain in power until January 1895, and the territory was subsequently annexed by the US.
The Wilcoxes had a school that would be passed down from generation to generation.
In 1975, the Waioli Corporation took over management of the land and the trustees sold part of their property to the Zuckerberg-Chan family.
Waioli operates federal and state historic sites all over the island, including the Waioli Mission House Museum and the Mahamoku Beach Residence in Hanalei, and the Grove Farm Museum in Lihu’e, as well as plantation-era steam locomotives in the collection.
The couple said in a statement that they plan to continue the work the Waioli Corporation has done to preserve the land known as Lepeuli, which is home to pristine reefs and forests and provides a habitat for native birds and plants. .
The founder of Facebook has vowed to preserve the pristine island landscape
Zuckerberg and Chan with their daughter Max, in a photo posted December 11, 2020
Bearing in mind previous criticism, they will also keep the lease with the current tenant, Paradise Ranch.
“Waioli is doing essential work to promote conservation and cultural preservation and we are aware of their legacy in relation to this land,” said Chan and Zuckerberg.
“We are committed to honoring the current leasehold agreement with Paradise Ranch and expanding the existing commitment to agriculture.
‘We have worked closely with a number of community partners to promote conservation, produce sustainable agriculture and protect the native flora and fauna on our ranch and in the surrounding areas, and we look forward to expanding that effort into the coming months Lepeuli. ‘
Zuckerberg and Chan, worth an estimated $ 117 billion according to Forbes, have faced resistance to their spending in the past.
The California-based couple purchased their first 357-acre piece of the island in September 2014 by purchasing the Kahuaina Plantation from California investment firm Falko Partners.
The couple, who also own properties in San Francisco, Palo Alto and Lake Tahoe, then bought 384 acres from the late Hawaii auto dealer James Pflueger.
In 2018, they bought more, meaning their land holdings total nearly 750 acres, according to local media.
His entities also acquired titles on dozens of smaller lots within the larger lots known as ‘Kuleana Lands’ – land granted to tenant farmers of Kanaka Maoli between 1850 and 1855.
Zuckerberg was accused by some of trying to force the tenant farmers off their historic lots, and in 2017 he apologized in the local paper explaining that he was canceling his silent title campaigns and “ working with the community on a new approach ‘.
A petition was launched last year to “stop Mark Zuckerberg from colonizing Kauai,” and the petition now has more than a million signatures.
However, the nonprofit said they were delighted with the latest sale to their multi-billionaire neighbor.
“The decision gives Waioli the financial opportunity to continue our critical preservation and historical work and ensure that Kauai’s cultural history is shared in the community for years to come,” said Sam Pratt, president of Waipoli Corporation, in a statement.
He said the organization chose Chan and Zuckerberg after seeing their “ commitment over the years to land conservation, protecting native species and working to preserve Kauai’s natural beauty. ”
“We know this land will remain in their trusted hands and that Mark and Priscilla will act as responsible stewards of Lepeuli today and in the future,” he said.