Forbes-list billionaire spends $23m to protect piece of NY
Digital Reporter
Wednesday, December 16, 2015, 3:16 PM - One of China's richest men has purchased almost 30,000 acres of property in a bid for environmental conservation.
Jack Ma, co-founder of multi-billion-dollar online company Alibaba, bought the acreage primarily for conservation reasons, but also plans to use it as a vacation spot, The Wall Street Journal reports.
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Known as Brandon Park, the property boasts more than 14 kilometres of New York's St. Regis River, along with many lakes and streams, and a mass of forested area.
Ma's new acquisition is situated in a part of the Adirondacks protected by the state of New York, Business Insider reports, as logging and mining work in the late 90s consumed much of the natural timber and water assets.
Ma is known for his extensive conservation efforts in China, helping create a nature conservation foundation and an environmental reserve.
Thumbnail image courtesy of Mobilus in Mobili, Flickr.
SOURCE: Forbes | The Wall Street Journal | Business Insider
