Alibaba billionaire buys $23M retreat in the Adirondacks

28,100-acre woodland estate features two homes, trout fishery and maple syrup operation

TRD 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
(Credit: iStock)

New York City remains home to the world’s largest billionaire population

The number of women billionaires are growing faster than their male counterparts

The number of women billionaires are growing faster than their male counterparts

Meet real estate’s richest woman billionaire

Meet real estate’s richest woman billionaire

Billionaire backlash

Billionaire backlash

Where billionaires are stockpiling land for the apocalypse: Map

Where billionaires are stockpiling land for the apocalypse: Map

More than 30 Palm Beachers among Forbes list of billionaires

More than 30 Palm Beachers among Forbes list of billionaires

Placeholder image

Thailand’s late king was a real estate billionaire

2015 was a bad year to be a billionaire

2015 was a bad year to be a billionaire

arrow_forward_ios