KUALA LUMPUR (June 16): Facebook founder Mark Zuckerberg (pictured) and wife Priscilla Chan bought “close to 600 acres” of land on the Hawaiian island of Kauai for US$53 million (RM165 million) earlier this year, according to reports based on public documents.
According to a report by property portal Mansion Global, the billionaire couple bought the land in “three separate transactions”.
The report also revealed that the land is located in the northeastern area of Kauai (also known as the Garden Island) and was owned by a conservation organization Waioli Corp.
This is not the first time Zuckerberg and Chan bought land in the region – The Wall Street Journal reported in 2019 they bought 700 acres of land there in 2014 for more than US$100 million.
Mansion Global reported that the Zuckerbergs have been using some of the land to build a ranch but they also stated that they are “mindful” of the conservation efforts of the Waioli Corp.
“Waioli does essential work promoting conservation and cultural preservation and we are mindful of their legacy with regard to this land,” the couple said in a statement.
“We have been working closely with a number of community partners to promote conservation, produce sustainable agriculture and protect native wildlife at our ranch and in the surrounding areas…,” they added.
Meanwhile, Waipoli Corp said the land deal “will help future preservation efforts”.
"The decision provides Waioli with the financial ability to be able to continue our critical conservation and historical work and ensure that Kauai’s cultural history continues to be shared in the community for years to come," said the corporation.
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