Alphabet Co-Founder Larry Page Acquires Puerto Rico Island for $32M

Larry Page, the co-founder of Alphabet Inc. GOOG, has reportedly expanded his real estate portfolio by purchasing a private island in Puerto Rico for a sum of $32 million. This acquisition was conducted silently through a limited liability company, indicating Page's preference for privacy in his dealings.

Larry Page's New Island

The island in question, Cayo Norte, is known for its tranquil beaches and has now joined the list of assets owned by Larry Page and his wife Lucinda. Despite the prominence of Alphabet Inc., this personal investment reflects a separate avenue of Page's financial activity which aligns with his history of investing in properties that offer privacy and exclusivity.

The Acquisition Strategy

Page's approach, utilizing a limited liability company named US Virgin Island Properties, potentially offers the benefits of confidentiality and tax planning, illustrating a strategic dimension to high-value asset acquisitions. The island purchase was finalized back in 2018 and since then, it has remained under wraps until recently.

About Alphabet Inc. and Meta Platforms

Alphabet Inc. GOOG, known as the parent company of Google, holds a significant place among the world's top technology firms in terms of revenue and market value. The company's roots trace back to Google, which underwent restructuring to form Alphabet Inc. in October 2015. The essence of Google and its ambitions continues under Alphabet, with the original founders maintaining significant roles within the conglomerate.

Meta Platforms, Inc. (formerly Facebook, Inc.) does not appear directly related to this acquisition, but as a benchmark in the tech industry and often compared to Alphabet, it holds interest. With its headquarters in Menlo Park, California, and found under the ticker META, Meta Platforms develops technologies that have become an integral part of people's social frameworks across various platforms and devices.

Alphabet, Google, PuertoRico, LarryPage, RealEstate, Investment, Tech