Zuckerberg Is Investing MILLIONS in Hawaii for a Very Surprising Reason
When you are as rich as Mark Zuckerberg, the founder/CEO of the social networking website Facebook, then there is nothing you value more than privacy.
While you may think he enjoys complete privacy in the comfort of his own home, thanks to technology, those wanting to take a peek into the billionaire’s private life can easily do so with camera drones and similar long-distance photography gadgets.
But Zuckerberg has the perfect solution to keep any unwanted attention at bay: huge boundary walls. His recently bought house in Hawaii, in the Lake Tahoe region to be precise, came under controversy because of its 6-ft walls, as neighbors of the property complained that the wall blocked their view of the coast.
Investing In Hawaii
As the 8th richest man in the world, Zuckerberg obviously has a lot of money to invest, and there are only a few safer investments than real estate. The young billionaire has invested hundreds of millions in the Hawaiian real estate, purchasing a property spread over 750-acres on the Kaua’i island’s northern shore, which includes two sub-sections: an area of 357-acres which was previously a sugarcane plantation, and a beach with white-sand on it spread over an area of 393-acres.
The total cost of this entire property was around $100 million in 2014 when Zuckerberg had made the purchase. According to reports received by Forbes, the billionaire planned on developing only a single house on the purchased land. Zuckerberg has added land worth $45 million to his existing real estate portfolio since then.
More Features
Zuckerberg certainly has a good eye when it comes to buying properties. His land purchases in Hawaii also includes an organic farm which is home to various types of crops, such as papaya, turmeric, and also ginger. Of course, all this was planned for a much larger population.
According to brochures, which were in circulation to market the property before Zuckerberg purchased it, a total of around 80 homes were planned to be built on it. All of the adjoining services, including the organic farm, were supposed to benefit them. However, now everything is there for the sole benefit of Zuckerberg’s house.
According to The Garden Island, which is a newspaper circulating in Kaua’i, the planned house is supposed to have two bedrooms, which is shocking considering the huge area that Zuckerberg owns. The entire home building is planned to be constructed on an area of around 6100 sq. ft.
A separated complex for a garage is also planned, while a dedicated administration building, which would include the security HQ and offices for key-card access, will also be constructed, according to the plans devised for the construction.
Privacy is of utmost importance to him, which became evident to us in the year 2013 when he purchased the four properties attached to his own Palo Alto one for the sole purpose of not having any neighbors. This makes his home in Hawaii even more attractive to him as its vast spaces ensure that no neighbor is able to peek into his private life.
More in Fame
-
`
Camilla Bowles & Prince Charles Ask People to Remember The Elderly This Holiday Season
Every year as the holiday season begins, we rush to the shopping centers and wait in long queues just to grab...
December 27, 2021 -
`
Baby Mama Olivia Munn Welcomes First Child With John Mulaney
You might think that this is wholesome news and there is nothing problematic about it – but guess again! As it...
December 23, 2021 -
`
Being A Feminist – The Dad Version
Feminism – an ideology that works to establish social, personal, economic, and political equality of humankind. In this day and age,...
December 22, 2021 -
`
Starting a Business Can Be Overwhelming–Here’s How You Can Get Over Your Fears & Start Building Your Company
Successfully building a business from the ground up, is not an achievement that all people can claim to have done. It...
December 22, 2021 -
`
Too Busy Working as a Corporate Executive to Manage Your Finances? These Are The Simple Steps You Can Take Today
Corporate executives often find themselves in an interesting predicament. After they’ve managed to put in the work to nab the high-paying...
December 21, 2021 -
`
Leonardo DiCaprio Buys a $9.9 Million Beverly Hills Mansion
Leonardo DiCaprio is no stranger in the world of Hollywood – and if you don’t know him, what have you been...
December 17, 2021 -
`
Kevin Hart Drops $7 Million on The Property Next to His Calabasas Mansion
People often say that kindness is making someone laugh, even if it’s only for a moment. Well, going by that logic,...
December 8, 2021 -
`
Two Decades Worth Of Jennifer Aniston’s Real Estate Grabs – Take A Look!
Jennifer Aniston! Who doesn’t know and love the superstar who breathed life into iconic characters like Rachel Green, Rosie Dickinson, Rose...
December 7, 2021 -
`
Let’s Hear it For The Long-Awaited Film, House of Gucci
Have you watched the House of Gucci yet? The movie has got to be one of the most anticipated ones of 2021 –...
December 1, 2021
You must be logged in to post a comment Login