Mark Zuckerberg nearly doubles Hawaii real estate holdings

Zuckerberg and his wife, Priscilla Chan, bought 600 acres on Kauai

National Weekend Edition /
May.May 08, 2021 12:00 PM
Mark Zuckerberg and Priscilla Chan (Getty, iStock)

Mark Zuckerberg and Priscilla Chan (Getty, iStock)

Mark Zuckerberg and Priscilla Chan now own just over two square miles of pristine land on the Hawaiian island of Kauai.

In March, the couple spent $53 million on 600 acres of land, according to Mansion Global. They bought around 700 acres of land on the island in 2014 for more than $100 million.

They purchased the property on the island’s northeastern side from the local conservation group Waioli Corporation in three separate transactions.

Zuckerberg and Chan said in a statement regarding the sale that they are “mindful of [Waioli Corporation’s] legacy with regard to this land” and would work with the group on conservation efforts moving forward. The conservation group said in a statement that the sale will help fund its projects across the island.

The purchase was connected to Zuckerberg through a series of LLCs controlled by Iconiq Capital, an investment firm that includes the tech founder among its clients. Zuckerberg and Chan closely guard their real estate transactions, but in 2019, they bought a property in the Lake Tahoe area through a similar process with Iconiq.

Zuckerberg has come a long way from his early days running Facebook out of rentals in the Bay Area. The 36-year-old is now worth an estimated $117 billion. To see just how far he’s come, see the listing for the Los Altos home the Facebook team rented in its infancy.

[Mansion Global] — Dennis Lynch


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Sean “P. Diddy” Combs, DJ Khaled, Trippie Redd, Lil Wayne, Rick Ross and Kodak Black (Getty, iStock, Illustration by Shea Monahan for the Real Deal)
South Florida’s rapper resi market is super dope fire
South Florida’s rapper resi market is super dope fire
From left: Amy Schumer and 190 Riverside Drive; Jimmy Fallon and 34 Gramercy Park East (Getty Images, Beyond My Ken, CC BY-SA 4.0 - via Wikimedia Commons, iStock)
Jimmy Fallon, Amy Schumer selling Manhattan pads
Jimmy Fallon, Amy Schumer selling Manhattan pads
Matt Lauer with 26, 28 & 32 Actors Colony Rd (Getty, Susan Breitenbach)
Matt Lauer finds buyer for languishing Hamptons estate
Matt Lauer finds buyer for languishing Hamptons estate
John Steinbeck and his Sag Harbor cottage. (Getty)
John Steinbeck’s Sag Harbor home could become retreat for writers
John Steinbeck’s Sag Harbor home could become retreat for writers
Famed Architect Thierry Despont and 320 Majors Path in Southampton NY (Getty Images, iStock, Sotheby’s International Realty)
Famed architect lists Southampton estate for $23M
Famed architect lists Southampton estate for $23M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...