Venture capital titan Tim Draper is looking to offload a slice of paradise in East Africa, urging potential buyers to send their best offers quickly. Taking to X, the billionaire investor announced he is selling Lupita Island, a stunning 110 acre retreat located on Lake Tanganyika in Tanzania. While Draper has set an asking price of 7.9 million dollars, he noted that he is open to competitive bids. According to the investor, the decision to sell stems simply from the fact that he does not visit the gorgeous property often enough.
The island serves as a luxury sanctuary that Draper meticulously developed over four years after purchasing it back in 2004. The expansive estate features ten cozy cottages along with high end amenities including a spa, a gym, a game room, and several bars and pools. Guests can enjoy activities ranging from snorkeling and kayaking to exploring the ruins of an ancient monastery or taking trips to the Tanzanian mainland for safaris. To maintain such an opulent lifestyle, the property employs more than 30 staff members and provides every visitor with a private butler.
Reaching this remote getaway requires quite a journey, involving flights into Tanzania followed by either a private jet to a nearby airstrip or a lengthy drive from Mpanda Airport before boarding a boat. Despite the logistical hurdles, interest has already spiked following Draper’s social media post. The Tesla and SpaceX early investor told Forbes that several offers have already come in since Friday afternoon and expects the sale to wrap up rapidly.
For someone like Draper, whose net worth is estimated at 2.3 billion dollars largely thanks to savvy cryptocurrency bets and legendary venture capital plays, 7.9 million dollars is relatively modest. In fact, given current market rates for Bitcoin, it would take roughly 101 coins to cover the full asking price of the island. This move follows a broader trend among some of the world’s wealthiest individuals shedding trophy assets, mirroring previous decisions by figures like Elon Musk and Jeff Bezos to streamline their real estate portfolios.