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Tim Draper lists 110-acre private island in Tanzania for $7.9 million

Venture capital billionaire Tim Draper has placed his 110-acre private island, Lupita Island, in Tanzania on the market for $7.9 million or the best offer. The property, located on Lake Tanganyika, was purchased by Tim Draper in 2004 and developed over four years into a luxury resort featuring ten guest cottages, a spa, gym, and a private beach. Tim Draper announced the sale via a post on X, stating that the family does not use the property enough to justify the asking price. The billionaire, known for his early investments in Tesla, SpaceX, and Bitcoin, is selling the island without a broker, inviting potential buyers to send offers directly to his email. While the asking price represents a personal valuation rather than an independent assessment, the island offers a variety of amenities including a 46-foot boat, private butler services, and over 30 employees. The sale highlights the scale of wealth generated from early internet-era venture investments.

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