These Are The Billionaires Buying Hawaii
February 18, 2024
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3:27Now PlayingThese Are The Billionaires Buying Hawaii
YouTube Description
as posted by the channelAmerica’s richest have been buying in Hawaii for years, but no one knew exactly how extensive their holdings were. To figure it out, Forbes spent months digging through thousands of property records on Hawaii’s six biggest islands. The results were astonishing: Just 37 billionaires own at least 218,000 acres. That’s 5.3% of the state’s total land and 11.1% of all non-government-owned land—though it is likely even higher given the lengths to which these billionaires go to obscure their ownership. Expressed a different way: Those 37 people, equal to just 0.003% of Hawaii’s total population of 1.4 million, own more than 10% of its land.
With billionaires like Oprah Winfrey, Mark Zuckerberg and Larry Ellison buying up so much real estate, locals are wondering if Hawaii is becoming a playground for the rich.
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