Facebook founder Mark Zuckerberg and his wife Priscilla Chan bought another 600 acres of real estate in Hawaii for $ 53 million.
The billionaire has sprayed three plots of waterfront property on Kauai’s Larsen Beach from the non-profit Waiuli Foundation.
According to reports, the road reaching the beach is not included in the sale and remains public.
Known as “Lepeuli ahupua’a,” the property houses many “collections of coral, marine, bird, plant and historical reefs in their unchanged native habitat,” according to the Waioli Corporation.
“We know that this land will remain in their trusted hands and that Mark and Priscilla will act as stewards of Libyuli today and in the future,” said Sam Pratt, president of the Waiuli Foundation. Pacific Business News.
The purchase takes ownership of Zuckerberg’s Hawaiian land to 1,300 acres.
He bought a 700-acre property in Kauai in 2015, but ran into problems with a number of families who had small parcels within the estate.
The owners were known as the “Kamaena Families” or descendants of indigenous Hawaiian families who inherited the land without formal deeds.
The tech mogul has sparked controversy by filing a series of lawsuits to evict families by forcing them to sell their lands at auction.
In the end, he dropped the lawsuits and admitted his “mistake” in an apologetic opinion piece in Al-Jazeera newspaper.
The land on his new property is currently being leased to Paradise Ranch, and the Facebook CEO is quick to say that he does not plan to evict anyone.
He and Mrs. Chan said in a statement: “Waiuli is doing an essential job promoting the preservation and preservation of cultural heritage, and we are aware of their legacy regarding this land.” Pacific Business News.
“We are committed to honoring the current lease agreement for Paradise Farm and extending the current agricultural dedication.”