Real Estate Focus Expansion Beyond Social Media
Real Estate Focus: Facebook's Mark Zuckerberg
Stuns with 600 Acres Purchase for Just ₹391 Crores!
Mark Zuckerberg, the founder and CEO of the world's largest social media company, Facebook, has been focusing on real estate for the past few years. Despite criticism of his real estate investments, he continues to invest heavily in this sector.
Mark Zuckerberg and Priscilla Chan Acquire 600 Acres for ₹391 Crores
In a remarkable move, Mark Zuckerberg and his wife, Priscilla Chan, have purchased approximately 600 acres of land in the western part of Kauai, one of the Hawaiian Islands, for a surprisingly low price.
Expansion Beyond Social Media
While Mark Zuckerberg is continuously expanding Facebook, Instagram, and other business divisions and exploring every avenue to generate advertising revenue, he has made a new investment in real estate.
Recent Purchase of 600 Acres
Already holding several real estate investments, Mark Zuckerberg has recently acquired 600 acres of land in Kauai, Hawaii, for just $53 million (approximately ₹391 crores). This purchase was made during the severe second wave of the COVID-19 pandemic.
Total Real Estate Holdings of 1300 Acres
With this new acquisition, Zuckerberg has increased his total real estate holdings to 1300 acres. The $53 million price tag means he has acquired each acre for roughly ₹65 lakhs.
Bill Gates' Real Estate Investments
Similar to Mark Zuckerberg, Microsoft’s Bill Gates ventured into the agriculture sector a few years ago. Over the past few years, he has quietly acquired approximately 242,000 acres of farmland across various parts of the United States, making him the largest private farmland owner in the country.
Virgin Group’s Richard Branson
Richard Branson, the chairman of Virgin Group, has made significant investments in luxury homes and land in various countries worldwide, amassing a substantial real estate portfolio.
Tech Investors Turning to Real Estate
Like Zuckerberg, Gates, and Branson, many tech investors are increasingly investing in the real estate sector. This trend highlights the growing interest of tech moguls in diversifying their investment portfolios with substantial real estate holdings.