Jim Jannard, action sporting’s first billionaire founder of Oakley and Red, recently sold his last piece of Hanalei Bay for $32.25 million, according to a story in Pacific Business News.
An entity owned by James Jannard, the founder of Oakley Inc. eyewear, sold the last of his four beachfront homes on Kauai’s North Shore last week for $32.25 million, which was just under the combined sale price of the other three properties which was $36.75 million, according to public records.
According to the story, the buyer of the property is “Extra Time LLC, according to public records, but the listed San Francisco address is linked to Iconiq Capital, a global investment firm whose clients reportedly include Mark Zuckerberg, Sheryl Sandberg, Dustin Moskovitz, Reid Hoffman, Tom Hanks, Rita Wilson, Justin Timberlake, Ryan Reynolds” et al.
Jannard appears to be one billionaire who needs less ocean front property. It was only 10 years ago that he began buying houses on Kauai’s north shore. Wonder what he sees coming?
[Link via Beachgrit]
