ON THE MOVE
Mark Cuban It’s good to be Mark Cuban’s friend. The owner of the Dallas Mavericks recently purchased the “city” of Mustang, a 77-acre town in Navarro County, Texas, because his pal, the property owner, needed to sell it. Founded in the 1970s as the only place in the county where people could buy alcohol, the town today boasts 23 residents and features a few trailer parks, horse ranches and an abandoned strip club that was the scene of a 2008 murder. It is believed that Cuban paid about $2 million for the property in a private transaction.
After several years renting in exclusive guard-gated Bel Air Crest, Stevie Wonder and his wife Tomeeka have purchased an 11-bedroom, 15-bath mansion from HH Mohammed bin Faisal bin Saud Al Saud, the son and grandson of Saudi Arabian princes. Set on .58 acres and surrounded by mountains and canyons, the three-level residence covers 19,593 square feet and is served by an elevator. The home, which closed at $13.9 million, boasts a guest house, staff quarters and a wine cellar for 2550 bottles.
Tech billionaires are buying up the State of Hawaii. Jeff Bezos has started with 15 acres of oceanfront land on Maui, Larry Ellison owns 98% of Lanai and Mark Zuckerberg and his wife Priscilla Chan are the proud owners of 1400 acres on the island of Kauai. The Zuckerbergs recently paid $17 million for 110 acres of agricultural land to add to their previous holdings. Their assets now include turmeric and ginger farms, nursery and cattle ranching and a residence called Ko’olau Ranch that they completed building in 2017.
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