16, 2020, in Mumbai, India.Īccording to Pacific Business News, Bezos and his partner, Lauren Sanchez, “want to be a part of supporting the local community” and have donated to several charities in Maui, including Friends of the Children’s Justice Center of Maui, Malama Family Recovery Center, the Maui Farm, Ka Hale A Ke Ola Homeless Resource Centers and Habitat for Humanity Maui.Īnthony Sayles, a local real estate agent with Coldwell Banker Island Properties, who was born and raised on Maui, revealed the bay property Bezos purchased was once a place he frequented when he was a kid in elementary school, describing the space as “very unique.” Lauren Sanchez and Jeff Bezos attend the Amazon Prime Video celebration on Jan.
“It’s hard to know what Bezos’ intentions are this early on,” the source added.
“You had parks deteriorating, infrastructure was in decay and he brought it back to life, essentially. “On the other side of the coin you have Ellison - he improved so much of the infrastructure, like the Pineapple Plantation,” the insider said. “On the island, an average home now costs 1 million - way above what most blue-collar workers can afford, so I always struggle with that.”īut on the other hand, the source mused that some of these “big-money” investors have really helped Hawaii, including Larry Ellison, who purchased 98% of Lanai in 2012 and moved to the island full-time in December. “It is tough being born and raised here, seeing these real estate transactions and how it can drive up prices,” one source said.
Tech billionaires battle it out for best Hawaii resort Locals told The Post they have mixed feelings about tech moguls taking over the island. Doug Schatz, a Colorado-based energy businessman, bought the property in 1996 for $4.2 million, and in the following years, he spent a few million more to buy the neighboring land.įacebook CEO Mark Zuckerberg, who owns more than 1,300 acres of land on the island of Kauai, has reportedly spent over $100 million for his real estate transactions on the island. Ethan Kwonīezos purchased the LLC from the Schatz family, the previous owners of the estate. Ethan Kwon The estate is surrounded by dormant lava fields. Ethan Kwon The bay is extremely secluded and no commercial activity is allowed of any kind. The main property spans 4,450 square feet. The entrepreneur-turned-astronaut purchased three different structures on his own private bay, with additional acreage under the Lochland Holdings LLC, property records reveal. Ethan Kwonīezos had also been hoping to find a four-bedroom penthouse in Montage Kapalua Bay - a rarity at the luxury resort where he often stays - for his parents, located on the other side of Maui island from the estate he purchased in June. Jeff Bezos drops $78 million for a 14-acre Maui, Hawaii, estate with his own private bay. Sources tell The Post that Bezos, 57, is scouting off-the-market ranches in Maui after buying property on Valley Isle’s south shore, known as La Perouse Bay. Jeff Bezos just shelled out $78 million for a massive Hawaiian estate spanning over 14 acres, The Post can confirm.īut the Amazon founder has only hit the tip of the iceberg when it comes to investing in the Aloha State - which has locals worried.