Cayo Norte is located approximately 30 km east of the coast of Puerto Rico and 20 km from the island of St. Thomas (one of the US Virgin Islands), its area is 1.2 square meters. km. The island is administratively part of Puerto Rico.
According to BI, the purchase cost Page $32 million. The deal was carried out through a limited liability company, US Virgin Island Properties, which is owned by the businessman and his wife Lucinda Southworth. Since 2006, the island has been owned by developer Dan Shelley, and several years before that it belonged to a certain Padron family.
The deal was not previously known; as the publication writes, Puerto Rican officials did not know that the island had changed ownership. For what purpose Page bought Cayo Norte is also unclear; According to local authorities, they have not received any applications for construction on the island.
BI notes that this is not Page’s first such purchase: he owns at least five islands in the Caribbean and South Pacific, including Tawaura Island, which is part of the Fiji archipelago. The billionaire acquired it in 2020.
Kommersant.Ru, 02.02.2024, “BI: Google co-founder Larry Page bought the island for $32 million”: According to BI, he already owns five islands, including two islands off Cayo Norte, which he bought in 2014 for $23 million, and Tavarua Island, part of the Fiji archipelago. According to the publication, Mr. Page is buying the islands through US Virgin Island Properties, a company owned by him and his wife. Mr. Page and his representatives declined to comment on BI’s information. — Insert K.ru
Paige resigned from his position Alphabet CEO in 2019, but remains on the board of directors of the company; he owns a stake that gives him additional voting rights, BI notes.
