Facebook CEO Mark Zuckerberg paid north of $200 million for the hundreds of acres of oceanfront property on Kauai's North Shore he quietly purchased last year, according to public records and a source close to the situation.
The billionaire co-founder of Facebook (Nasdaq: FB) paid $135.5 million alone for the hundreds of acres of the beachfront estate called the "Kahuaina Plantation."
Zuckerberg, 30, who has an estimated net worth of $33.7 billion, according to Forbes, also purchased hundreds of acres nearby Kahuaina from James Pflueger, the retired Hawaii auto dealer, who pleaded no contest in 2013 to a felony count of reckless endangerment for his role in the deaths of seven people who were killed in a 2006 collapse of the Ka Loko dam on his Kauai property.
Zuckerberg formed Pilaa International LLC and Kahuaina Holdings LLC for the property purchases.
He also reportedly purchased several multimillion-dollar units at the recently completed 23-story ONE Ala Moana luxury condominium atop the Nordstrom parking garage at Ala Moana Center in Honolulu.
In the spring of 2013, Zuckerberg and his wife, Priscilla Chan, were photographed vacationing on Kauai.
Read more at Pacific Business News