Facebook's Mark Zuckerberg Buys $100 Million Worth of Land in Hawaii

[JonLP24]

Source: The Weather Channel

Mark Zuckerberg just purchased himself a little piece of Paradise in sunny Hawaii.

The Facebook co-founder and CEO , according to Forbes.com. The private plot measures some 700 acres and will serve as a private getaway for his family, Forbes.com also said.

And it cost him a cool $100 million for the land alone, the report adds.

The Telegraph reports that the land will include a gorgeous white sand beach, a former sugarcane plantation and an organic farm, but because the state doesn't allow private beaches.

Read more: http://www.weather.com/news/mark-zuckerberg-buys-land-hawaii-20141016

[fantase56]

1. oh.... let me see if i give a shit...

nope!

[candelista]

35. You clicked on the link.

Didn'tcha?

[Fearless]

2. I'm glad it went to him rather than Big Oil

I'd be happier if it was officially preserved however. It's such a beautiful island!

[Capt.Rocky300]

3. You do know he is a tax dodger...........

http://www.motherjones.com/mojo/2013/11/report-facebook-twitter-taxes

[Fearless]

4. You do know I said I'd rather it go to him than Big Oil?

And would rather it have gone into preserve instead of going to him?

[blkmusclmachine]

5. Savvy!

[Capt.Rocky300]

8. I savvy just fine thank you........

the guy already disregarded his neighbors in San Franscisco and built a disgusting display of consumption. If he was a stand up guy he'd pay his fucking taxes like the rest of us and donate the Hawaiian property to the Nature Conservancy. He's a perfect example of the nouveau riche of Silicon Valley.

[IthinkThereforeIAM]

12. In that vein...

... doesn't Hawaii have laws on the books against invasive species?

[Capt.Rocky300]

13. They don't seem to be enforcing it............

since Larry Ellison bought 98% of Lanai.

[Iamthetruth]

31. Why

Why should he donate the land he just purchased? I don't get it, he bought it to use it, I'm not a fan of the guy but it's his money he earned. Think of this, the state will make about $5,000,000 on doc stamps and taxes on it, the brokers involved will make millions and builders and developers will make millions. Those people will spend their money and it will continue to move around. If he just buys it and gives it to the state it's a tax free purchase and no money moves around.

[Capt.Rocky300]

34. "builders and developers will make millions"?

That's what you care about?

[Iamthetruth]

37. Yes

Because those builders and developers employ people that have families that need shelter and food. What do you care about?

[CANDO]

39. You sound like a fan and proponent of top down economics

Also known as trickle down. You know, when we peons out here in the real world are left hoping and praying some rich person makes a yacht purchase so the rest of us can eat. Correct me if I'm wrong, of course.

[Iamthetruth]

42. You're not wrong

While I don't call to trickle down as you, it's simple logic. Zuckerberg could easily just keep the $100,000,000 and no one gets anything. At least this way that $100,000,000 is cycled back into the economy and yes, I know I am right.

[LanternWaste]

44. Motto of both the intractable ideologue and Sunday morning televangelists...

"yes, I know I am right..."

Motto of both the intractable ideologue and Sunday morning televangelists...

[wordpix]

60. "I know I am right"---tell that to the last-of-their-kind species

There IS a reason to keep this acreage conserved and it's not to make developers rich

[Capt.Rocky300]

41. I care about protecting a beautiful piece of the Hawaiian landscape.......

and not destroying it with roads and condos which has already happened so much in the islands.

[Iamthetruth]

43. Oh well

With your logic, better for one person to be using rather than more.

[Capt.Rocky300]

46. Depends on what you mean by "using"...........

I am opposed to development, not people enjoying the property on a non-permanent basis and leaving it as natural as possible.

[Iamthetruth]

50. Do you own a house?

Curious?

[Capt.Rocky300]

52. Not wasting anymore time with you. Go back to your favorite Republican forum.

[Iamthetruth]

54. I thought so

Thank you

[pipoman]

58. Lol...that says it all...

[wordpix]

62. lol, good retort to the development greed monger

[pipoman]

57. People have such a warped concept of permanent...

[wordpix]

61. do you know Zuckerberg won't destroy it with roads and condos?

The report states he wants the land for his family, and did not state he was donating a large easement or portion of the land for conservation. Thus he can develop whatever he wants in accordance with state laws.

Some yrs. ago, a former BF sold 120 ac. of prime real estate in New England and proclaimed the buyer would keep the land pristine forever. I urged him to make it legal IN WRITING that the land would be preserved but the BF refused, saying the new owner had no intention to develop. A decade later, this owner is perc testing the property with numerous lots carved out on what used to be the largest hay field. And that probably is just the tip of the iceberg (you can't see most of the fields from the road). So much for intentions.

[Jamastiene]

53. The Nature Conservancy will just keep it a few years, then

clear cut it, split it up into lots and sell it at a much higher price for people to build houses on it. That's what they did with 88 acres down the street from me. I'll never trust them again after knowing they did that. I wish I had bought that 88 acres instead of them. It would still be woods, in its natural state of old growth oaks (trees well over 100 years old) today, instead of razed to the ground and filling up with invasive species like Chinese wiseria, Japanese Knotweed, and kudzu, like it is now. I didn't have enough money to buy it though. The Nature Conservancy sucks.

[wordpix]

63. allegedly NC sells smaller pieces to buy larger ones but

I feel for you. When people donate gifts to orgs like this, they need to have solid agreements about what can and can't be done to the land.

[Travis_0004]

16. he is not dodging taxes

If that is all he is doing then he is filling out his taxes propery according to the current US tax code. The tax code should be changed, but until it is I dont blame anybody for claiming the deduction.

[cstanleytech]

47. Hardly a surprise that he would try to do that I mean there are few people

that wouldnt try to avoid paying the government taxes, I dont approve of it though as its unethical but *shrug* its legal.

[pipoman]

59. Actually, it is intentionally legal. ..there for exactly the purpose it is being used. ..

[wordpix]

64. another example of our bought and paid for Congress & the lobbyists who bribe them

shrug is right. Banana republic we live in

[pipoman]

79. yep

[Hulk]

6. How generous of him....

...oh wait, he's buying for HIMSELF? Oh, I thought for a minute there he was doing something decent for humanity. Who really gives a rat's behind?

[dawn frenzy adams]

7. Are we suppose to admire this?

Because I don't.

[JonLP24]

10. I don't

and didn't post it for that reason. The thing that caught my attention was The Weather Channel reporting on something other than weather which was the motivation behind posting.

[wordpix]

65. you don't admire the super wealthy who dodge taxes & consume conspicuously?

How unAmerican of you

[YOHABLO]

9. In addition to his 10 million dollar home being renovated in Palo Alto CA ..ask how his neighbors

like him. They're suing his ass. He's just a little capitalist pig.

[Iamthetruth]

32. As opposed to what

Curious? He made a lot of people a lot of money.

[wordpix]

66. what are they suing him for? Link?

[wordpix]

74. his developer-neighbor sued based on selling adjoining property to Z

Neighbors later sued the neighbor, not Z as far as I can tell from the web stories

http://www.almanacnews.com/news/2014/05/13/zuckerberg-sued-for-fraud-in-palo-alto-real-estate-deal

[mahina]

11. Bet a cool billion he didn't know he'd be sharing the beach.

Thank you Queen Lili'uokalani.

You and I have as just as much right to that beach as he does.

[SunSeeker]

15. He'll rarely be there anyway.

That's what kills me about the rich and their humongous estates. They're rarely home. It is wasted space. Well at least the beach will get used, thanks to the Queen.

[daleo]

29. It's not easy to get rid of billions of dollars on personal consumption

It is one of the reasons that massive disparities in wealth are harmful to economies.

At ten thousand bucks a pop, that money could have put solar on ten thousand houses. Instead, it puts a fence around a few thousand acres.

[PasadenaTrudy]

25. Yep! n/t

[cstanleytech]

14. Ya know alot of you are whining way to much over this. Ya hes far richer than I will ever be but

atleast he earned and he didnt screw over a buncha people to do it where as Sam Waltons kids had it handed to them and are screwing over most of their workers.

[llmart]

19. I'll whine if I want to.

If it's kept natural and/or donated to the Nature Conservancy then I won't whine. If some sort of godawful, 20,000+ square foot monument, aka mansion, is built on it for the occasional getaway for some rich people, well, then I'll whine all I want.

Some of us on DU care about the environment a whole lot.

[Kali]

22. TNC is a private org that has been known to sell for profit too.

They aren't the angels they like to portray themselves as. If you are going to "wish" for stuff, wish they would leave it to the state or feds as public land/park/etc.

[cstanleytech]

26. Just because he will probably build a house on it doesnt mean he cares less about the environment.

[wordpix]

67. +1000

[Iamthetruth]

33. Finally

Thank you, it seems earning money around here is frowned upon.

[treestar]

56. It is not

It is the amount of money. Obscene amounts he could "earn" while others can't "earn" enough to survive on.

[Iamthetruth]

80. But

Is that his fault that he made that much or that others don't! I'm all for a little more fairness in the system but it is the system today.

[wordpix]

68. we're talking about land preservation vs conspic. consumption so hyperbole

will get you nowhere. We're also talking about the puppets in Congress passing tax-dodging-as-legal legislation for their super rich puppetmasters on Wall St. and in Silicon Valley.

We are sharing some extremely important information. "Earning money around here is frowned upon" is not the issue; it's hyperbole.

[LanternWaste]

45. I imagine the half-wit believes he himself know just how much "whining" is appropriate

I imagine the half-wit believes he himself know just how much "whining" is appropriate and how much is not... and concurrently confuses concern for whining to better validate his biases.

[cstanleytech]

48. I assume you refer to Zuckerberg because it couldnt be me because if it

were then you could be banned from the thread for a personal attack on another DU member and we know you would never stoop to doing that right?

[Sunlei]

17. a state I would love to live in!

[cstanleytech]

28. Ya agreed, there or New Zealand would be nice.

[redruddyred]

18. what a waste of perfectly good hawai'i

[Fred Sanders]

20. Facebook was a project of the NSA, the goal was to get folks comfortable with giving away their

privacy to corporations, allowing the government to do the same.

[blackspade]

21. Preparing his retreat....

Putting the ocean between him and the pitchforks.

[Octafish]

23. All from putting Harvard girls' mugs into a creepy catalogue.

"Hot or Not."

Says something to me that all the money in the world can't erase.

[wordpix]

73. is that how it started? geez

what a creep

[Octafish]

75. The Crimson

...Zuckerberg, a computer science concentrator...

http://www.thecrimson.com/article/2003/11/4/hot-or-not-website-briefly-judges/

[PasadenaTrudy]

24. I know this part of the island...

Now I'm going to cringe next time I drive through. I thought I read in the San Francisco Gate that he was going to develop the land, build homes or condos. Can't recall. Also I haven't read your weather.com link, just waking up here. Well, Graham Nash still has a very modest home up the road aways from this, that makes me happy

[wordpix]

69. would not doubt that condos/homes are in his sights---very wealthy people aim to get wealthier

[PasadenaTrudy]

77. Seems that way, doesn't it?

It's never enough...

[flvegan]

27. 2 good things come from this:

1. I believe one of the tracts of land WAS going to be developed into homes. MZ adores his privacy and probably won't develop it beyond whatever mansion he builds on his 700 acres;

2. It's $100 million he can't donate to promote the Keystone Pipeline and his seeming echo of "drill baby, drill" that we've heard elsewhere.

[librechik]

30. heh--rising water levels

get busy stopping that, Zuckerberg

[candelista]

36. Mark Zuckerberg is worth $33.8 Billion

So this property cost him about 3 percent of his total wealth. Over 65% of American adults have a net worth under $100,000. So $100,000,000 for Mark would be like $3000 to most people. What would it be like to have that kind of money? It must make someone feel very powerful.

http://www.nasdaq.com/article/americans-have-relatively-poor-net-wealth-cm257517#ixzz3Gi2Odchb

[cbdo2007]

49. Got to admit....I'd do the same thing if I was worth $33.8 Billion

[Brigid]

38. The punk who singlehandedly destroyed . . .

The concept of privacy in this country. OK, I exaggerate -- but not by much.

[CANDO]

40. The truest statement I've heard today...

I have a 15 yr old daughter and it's been a struggle to get her to understand a person's life is far more real and interesting if kept off social media. It has it's place perhaps, but there is at least an entire generation who have no notion of privacy and the value of it. When prospective employers are requiring your FB password so they can make a value judgement on you, we've gone too far. I don't FB. I refuse to.

[wordpix]

70. haha, that IS ironic, isn't it?

[Cha]

51. Aloha~ Welcome to Kaua'i, Mr Zuckerberg.. we'll still be sharing the beach in front.. Mahalo!

"The Telegraph reports that the land will include a gorgeous white sand beach, a former sugarcane plantation and an organic farm, but the beaches will remain public because the state doesn't allow private beaches."

Mahalo, JonL

[wordpix]

71. sounds like wonderful place for family gatherings so come one and all

[treestar]

55. In Hawaii that may not buy so much land

[wordpix]

72. 700 ac. is what we're talking about

[KansDem]

76. To Hell with Facebook!

Facebook will yank photos of two women kissing--
Facebook suspends Italian woman’s account after she posts image of two women kissing in support of LGBT rights

...but refuses to pull video of a kitten being set afire--
Facebook refuses to remove video of kitten being doused in petrol and set on fire 'because it doesn't breach any rules'

I hope he doesn't f*ck up Hawaii with his f*cked up morals...

[Skittles]

78. a pox on EVERYONE who made that little shit a billionaire