Godaddy.com Founder Buys Hawaiian Home Built by Cher
March 02, 2010 - Hawaii
By Sara Lin from The Wall Street Journal Asia
Bob Parsons, the founder and CEO of Web-hosting company GoDaddy.com, paid $8.72 million for a Balinese-style house on Hawaii's Big Island that was built by Cher and went to auction last month.
"We never thought in a million years that we'd end up being the buyer," says Mr. Parsons.
GoDaddy.com helps consumers register Web domain names and is also known for its racy Super Bowl TV ads.
The Hawaiian property, at the Four Seasons' Hualalai resort, includes a main house flanked by four one-bedroom bungalows.
Singer-actress Cher bought the 0.76-acre property in December 2004 for $2.9 million and last year began building the house but never lived in it.
Concierge Auctions handled the sale along with Rob Kildow of Hualalai Realty.
Though the house comes furnished, Mr. Parsons says, "I'm bringing a bigger TV."
This article has been republished from Wall Street Journal
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