Billionaire Says Email Your Best Offer For Private Island In Tanzania-Fast
Forbes • • business
Key Points:
- Venture capital billionaire Tim Draper is selling a 110-acre private island in Tanzania, Lupita Island, for $7.9 million, a property he has owned for two decades.
- Draper, worth approximately $2.3 billion, made much of his fortune through early investments in companies like Tesla and Skype, and notably through cryptocurrency, having purchased nearly 30,000 bitcoins from the Silk Road seizure in 2014.
- At the current bitcoin price of over $77,000 per coin, it would take about 101.4 bitcoins to purchase Lupita Island at the asking price.
- The sale of Draper's island follows a trend of high-profile billionaires, such as Elon Musk and Jeff Bezos, divesting significant real estate holdings amid changing personal priorities and tax considerations.
