New York: Facebook co-founder Mark Zuckerberg has reportedly spent over $100 million to buy two massive chunks of land on Kauai - the oldest of the main Hawaiian Islands, Forbes magazine reported.
With this purchase, the 30-year-old billionaire plans to create a secluded 700-acre sanctuary for his family, it added.
The first acquisition is Pila`a Beach, an isolated 393 acre land with a private white sand beach.
The second land is the adjacent Kahu`aina Plantation, a 357 acre former sugarcane plantation.
With a net worth of $32.2 billion, Zuckerberg has paid a reported $66 million for the Kahu`aina Plantation and $49.6 million for Pila`a Beach.
Zuckerberg bought Pila`a Beach from Pfleuger Properties, a Hawaii limited partnership belonging to Jim Pfleuger, a retired local Honda dealer.
The Pila`a Beach property consists of five separate parcels, each which could be developed into private homes, the report added.
The Kahu`aina Plantation was owned by the California-based Falko Partners, belonging to a Hawaii land owner named Larry Bowman.