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Billionaire Tesla and SpaceX investor puts 110-acre Tanzanian island up for sale for $7.9 million
Business Insider Africa • • business
Key Points:
- Venture capitalist Tim Draper, an early investor in Tesla and SpaceX, announced the sale of Lupita Island in Lake Tanganyika, seeking $7.9 million or the best offer due to limited family use of the property.
- The island, purchased in 2004 and developed over four years, features ten guest cottages, luxury amenities, and activities such as kayaking and wildlife excursions, operated by over 30 staff members.
- Access to Lupita Island is remote, requiring a flight to the Tanzanian mainland followed by a boat transfer, with key details about land title, running costs, and operational aspects yet to be disclosed.
- Draper, whose net worth is estimated at $2.3 billion, is known for early investments in major tech firms and Bitcoin, making this luxury island sale a unique addition to his portfolio.
- The informal sale process via social media highlights the need for potential buyers to thoroughly verify ownership rights, environmental responsibilities, and included assets before proceeding.
