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.
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
Priyanka Chopra is Not Keeping Silent about False News: Did She Really Visit Baby Archie?
What do Priyanka Chopra and Kate Middleton have in common? Apart from being two gorgeous women who shine brightly in...July 11, 2019
Nick Jonas Carried a Bag to This Paris Fashion Week Show, But Did He Manage To Pull It Off?
There was a time when fashion was distinct from showbusiness, in that the performers in the entertainment industry did not have...July 10, 2019
Kylie Jenner Followed Her Heart to Become a Billionaire, Here’s How She Manages It All!
If you ask any entrepreneur about their core motivation behind starting their own venture, the most common response you would receive...July 10, 2019
The Surprising Lifestyle of Steven Spielberg, Hollywood’s Richest Filmmaker Worth $3.7 Billion
There are only a handful of filmmakers in Hollywood who are recognized around the world for delivering brilliance on the big...July 8, 2019
Sister Scandal Aftermath: How much is Tati Westbrook’s Net Worth Now?
If you have been out of the web lately, or you’re one of those doing social media detox at the moment...July 8, 2019
Julianne Moore Isn’t Paid as Much as Her Co-stars, Here’s the Unsettling Reason Behind It
It is a commonly known fact that women are not paid as much as their male counterparts regardless of profession, and...July 7, 2019
The Remarkable Story Behind Beyonce and Jay-Z’s $1.5 Billion Net Worth
The world is captivated by the billionaires who dominate the rankings of the richest people alive, especially the founder of Amazon, Jeff...July 5, 2019
Cameron Diaz Was Making so Much Money, Then Why Did She Suddenly Retire? This Might Be It!
One might think that Hollywood actress Cameron Diaz found stardom by chance, having taken advantage of an opportunity which presented her...July 5, 2019
Is Jennifer Lopez Making Alex Rodriguez Throw Away His Painting? Technically, Yes!
We love following love stories in Hollywood, and the one making a lot of news these days is being shared by...July 5, 2019