Facebook CEO Mark Zuckerberg and his wife Priscilla Chan have nearly doubled the size of their real estate empire in Hawaii, buying another 595.4 acres on Kauai from Waioli Corporation, a nonprofit established by a local family with roots going back to the era of the Hawaiian kingdom.
Zuckerberg and Chan are now the owners of 1,300 acres of land in Hawaii after closing on a $53 million purchase of three parcels of nearly 600 acres on March 19, according to a report by Pacific Business News.
The purchase, which includes land fronting Larsen’s Beach, does not include the beach access road, which is owned by the county, and remains open to the public.
The Facebook CEO bought the land through an LLC registered in Delaware whose member is San Francisco-based Square Seven Management LLC. Square Seven is managed by wealth manager Iconiq Capital LLC, of which Zuckerberg is a client.
The report added