Alibaba billionaire buys $23M retreat in the Adirondacks

Miami /
Jun.June 27, 2015 01:15 PM

From the New York website: The billionaire co-founder of Chinese e-commerce giant Alibaba purchased a 28,100-acre upstate property in the Adirondacks.

Jack Ma paid $23 million for the sprawling woodland estate, which he bought primarily for conservation purposes but also intends to use as a personal retreat, according to a spokesperson. Ma, who is known as a prominent supporter of conservation efforts in China, closed on the property in May.

The property, known as Brandon Park, features more than 9 miles of the St. Regis River, as well as lakes, streams, ponds, forests and a 1940s log camp behind its gated entrance, according to the Wall Street Journal. The estate also includes two homes, a horse barn, a trout fishery and a maple-syrup operation.

Alibaba, which set a record with its $25 million initial public offering last year, has directed 0.3 percent of its annual operating revenue to environmental protection efforts since 2010. [WSJ]Rey Mashayekhi


Related Articles

arrow_forward_ios
DLocal founder Andres Bzurovski with the Porsche Design Tower penthouse (DLocal)
Uruguayan fintech billionaire buys penthouse at Porsche Design Tower
Uruguayan fintech billionaire buys penthouse at Porsche Design Tower
Neil Bluhm with 215 Brazilian Avenue (Credit: CLINT SPAULDING/Patrick McMullan via Getty Images)
Billionaire real estate, casino magnate Neil Bluhm buys Palm Beach townhouse
Billionaire real estate, casino magnate Neil Bluhm buys Palm Beach townhouse
(Credit: iStock)
New York City remains home to the world’s largest billionaire population
New York City remains home to the world’s largest billionaire population
Broadway producer lists Palm Beach oceanfront estate for $135M
Broadway producer lists Palm Beach oceanfront estate for $135M
Broadway producer lists Palm Beach oceanfront estate for $135M
Private equity CEO Thompson Dean pays $41M for Palm Beach mansion
Private equity CEO Thompson Dean pays $41M for Palm Beach mansion
Private equity CEO Thompson Dean pays $41M for Palm Beach mansion
The number of women billionaires are growing faster than their male counterparts
The number of women billionaires are growing faster than their male counterparts
The number of women billionaires are growing faster than their male counterparts
Mary Montgomery’s oceanfront estate in Palm Beach sells for $37M
Mary Montgomery’s oceanfront estate in Palm Beach sells for $37M
Mary Montgomery’s oceanfront estate in Palm Beach sells for $37M
Meet real estate’s richest woman billionaire
Meet real estate’s richest woman billionaire
Meet real estate’s richest woman billionaire
arrow_forward_ios

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

Loading...