Billionaire Jack Ma has purchased plush property in New York’s Adirondacks.
Known as Brandon Park, the property is approximately 28,100 acres, and feature trout streams, woodlands and a maple-syrup operation. It also boasts more than nine miles of the St. Regis River as well as a horse barn and a 1940s log camp behind the gated entrance.
The Chinese billionaire and e-commerce co-founder of Alibaba acquired the estate for $23 million through a New Brandon LLC. Ma, who closed on the property in May, intends to use the estate for conservation purposes. Ma plans to create a nonprofit entity to manage the Brandon Park property.
After being introduced to the estate by the Nature’s Conservancy, Ma became interested in the property because of the region’s history for prevailing over a number of environmental attacks, according to Wall Street Journal.
This is Ma’s first conservancy purchase outside of China.
In a statement made to WSJ, Jim Wilkinson, a spokesman for Mr. Ma, said, “Protecting the environment in China will always be Jack’s first and foremost priority, and he will continue his strong efforts here. This international land purchase reflects Jack’s belief that we all inhabit the same planet and we all breathe the same air, so we are dependent on each other for our collective future.”
Brandon Park was once part of a nature reserved created by William A. Rockefeller Jr., co-founder of Standard Oil.
Other notable names in the Adirondacks area include YouTube co-founder Chad Hurley and his business partner Stephen Gordon and philanthropist Marylou Whitney, to name a few.
(Photo via Wikimedia Commons)