Mark Zuckerberg Adds 110 Acres To His $100+ Million, 1,300-Acre Hawaiian Estate

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Mark Zuckerberg might need lately launched the Metaverse to the world, however it seems that he hasn’t fairly misplaced his zest for actual property in the actual world simply but. In keeping with a current report within the Honolulu Star-Advertiser, the social media mogul and know-how entrepreneur has added greater than 100 acres to his large, sprawling Hawaiian property, paying a reported $17 million for the privilege.

The 110-acre parcel features a unhappy piece of native historical past – a former sugar plantation reservoir on the island of Kauai which unleashed a lethal flood 16 years in the past. In making the acquisition, Zuckerberg is including these 110 acres to an expansive Hawaii property, which incorporates 700 acres he purchased again in 2014 for round $100 million, and one other virtually 600 acres he bought in April of final yr for $53 million. Altogether, that places the Zuckerberg Hawaiian property at over 1400 acres and $170 million in worth.

Kevin Dietsch/Getty Pictures

Ben LaBolt is a spokesperson for the Zuckerberg/Priscilla Chan family. He confirmed to the Star-Advertiser that the couple “proceed to make their dwelling at Ko’olau Ranch,” their identify for his or her longtime Hawaii residence. LaBolt additionally asserted that each Zuckerberg and Chan in line with the article “intend to increase farming, ranching, conservation and wildlife safety work occurring with group companions on their 1,300 acres to the lately acquired 110 acres.”

That can embody performing some a lot wanted restore work on that previous reservoir, which reportedly nonetheless hasn’t been repaired even 15 years after the lethal flood from 2006.

The property was bought by Zuckerberg’s Kaloko LLC from the Pflueger household. Late Pflueger patriarch James Pflueger was discovered legally liable for the mismanagement that led to the reservoir flooding after weeks of sustained rainfall within the area. Earlier than his demise in 2017 on the age of 91, he truly served some jail time over the tragedy, doing seven months between the years 2014 and 2015.


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