Jeff Bezos’s real estate buying spree shows no signs of slowing down. In 2019, around the time of his divorce from his wife of 25 years, Mackenzie Scott, the Amazon founder significantly expanded his property holdings. He acquired three lavish New York apartments in a building overlooking Madison Square Park for a total of $80 million. Since then, Bezos, currently the third-wealthiest person globally, has continued to invest in stunning properties. These include two more units in the same 1912-built Manhattan building, David Geffen’s $165 million Jack Warner estate (along with an adjacent property), and a $78 million, 14-acre estate in Maui. Bezos’s latest acquisition is a $68 million estate on an island near Miami Beach, as reported by Bloomberg.

Bezos acquired the LLC from the Schatz family, the estate’s previous owners. Doug Schatz, a Colorado-based energy entrepreneur, bought the property in 1996 for $4.2 million, later spending several million more to acquire neighboring land.

Facebook CEO Mark Zuckerberg, who possesses over 1,300 acres on the island of Kauai, reportedly invested more than $100 million in real estate on the island.

Local sentiments toward tech moguls dominating the island are mixed. Some feel concerned about rising prices due to these transactions, with an average home now costing $1 million—a stretch for many blue-collar workers. One source noted the struggle with these changes.

However, some acknowledge the positive impact of “big-money” investors like Larry Ellison, who revitalized Lanai through infrastructure improvements after acquiring 98% of the island in 2012.

Reflecting on Bezos, the source commented on the uncertainty about his intentions at this early stage.