Aloha, Hawaii—the latest tech billionaire to purchase a Hawaiian estate is Amazon founder Jeff Bezos, who recently bought a sprawling estate with over 14 acres of land
While Tesla’s co-founder Elon Musk has eclipsed Jeff Bezos as the wealthiest man in the world, the Amazon founder still holds substantial wealth and has been boosting his real estate portfolio with a sprawling Hawaiian retreat.
Bezos reportedly shelled out an estimated US$78 million for the estate, making the purchase together with his partner Lauren Sánchez. Surrounded by verdant state parkland and lava fields, the beachfront home is located in the La Perouse Bay on the island of Maui, Hawaii, and is a considerable distance away from Kahului, the largest city on the island.
While little details are known about the property as it was never publicly listed, the remote complex is said to spread over 14 acres of land—that’s approximately 10 football fields—and is completely shrouded in privacy.
Besides the main house that’s estimated to be about 4,500sqft in total with three bedrooms and three bathrooms, the sprawling land also features a wood-clad outdoor kitchen and deck with a panoramic perspective of the kitchen, a 1,700sqft guesthouse, a 700sqft circular swimming pool surrounded by palm trees, and a completely private white sand beach.
According to Dirt.com, the estate was sold to Bezos by Colorado-based energy businessman Doug Schatz. The businessman had originally acquired the property for $4.2 million in 1996, with his business partners. Two years after, Schatz bought out the partners’ shares in the property; together with his wife, they spent millions to renovate and craft the compound into the breathtaking estate it is today.
The deal was reportedly closed in June this year, but the transfer of ownership has been an unusually complex process. Rather than purchasing the land directly, Bezos had bought the holding company that owns the land instead. This purchase comes after the Amazon founder has made several donations to Maui non-profit organisations and charities including the Hawaii Land Trust in order to help preserve four historic sites.
His very distant neighbour includes Meta chief executive Mark Zuckerberg, who also owns more than 1,300 acres of land on the island of Kauai.
Bezos himself has an estimated $500 million real estate portfolio; his vast array of properties include his main $165 million Beverly Hills mansion as well as properties in Texas, Washington D.C., and New York.