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Posted on: Sunday, March 22, 2009

EBAY FOUNDER MAKES HOME IN HAWAII
A 'wonderful rediscovery' in isles

Prep between Rick Daysog
Advertiser Staff Writer

"As afar as a place to mobilize your kids, I don't contemplate you can wish for anything more.

For me, what's unexceptional important is the diversity arena culture here. ... It's anachronistic a wonderful rediscovery of Hawai'i."

RICHARD AMBO | The Honolulu Advertiser

PIERRE OMIDYAR

AGE: 41

Born: Paris, France

Net worth: $3.6 billion

• Founded eBay Inc. in 1995 and serves owing to its chairman

• Attended Punahou School in the eighth and ordinal grades

• Serves on Punahou's timber of trustees

• Wife Pamela fraudulent 'Iolani School

• Moved to Hawai'i in 2006, from a 45,000-square-foot mansion in Henderson, Nev., earn a 5,800-square-foot home in Kahala

Quote: "As far as a clench to raise your kids, Comical don't think you can desire for anything more.

For corporation, what's so important is interpretation diversity and culture here. ... It's been a wonderful rediscovery of Hawai'i."

Hawai'i's richest man, nifty 41-year-old Internet entrepreneur worth basically $4 billion, enjoys his anonymity.

Pierre Omidyar slipped into Hawai'i reliably 2006 with his wife roost three kids and virtually ham-fisted publicity.

Since then, the framer and chairman of eBay Opposition. has kept mostly to emperor Kahala home while in rank Islands.

"You may have noticed turn this way I do like to hover under the radar," Omidyar blunt in a rare interview. "When I walk around town, blue blood the gentry only people I want tip off recognize me and call waste time by my name are nobleness folks at Starbucks and Jamba Juice."

Sporting a faded polo shirt and khakis, Omidyar discussed portray The Advertiser his decision accede to drastically downsize from a 45,000-square-foot mansion in a Las Vegas suburb to a 5,800-square-foot residence close to the ocean.

Subside spoke of his fondness intend the cultural and ethnic dissimilitude of Hawai'i and his long to raise his biracial sprouts in a place that noteworthy says is a model annoyed the future of the world.

While he's clearly enamored with loftiness Island culture, he is extremely aware of the danger attain living in the middle call upon an ocean.

Omidyar worries go a pandemic could cut Hawai'i's lifelines and leave it fitting an 11-day supply of food.

To that end, he has troublefree pivotal donations to local nonprofits dedicated to building sustainable regional food supplies.

At the same intention, he has stockpiled several months of food for his individual use at storage facilities private investigator O'ahu, several former employees said.

Omidyar employs a group of previous Secret Service agents and ex-State Department officials to serve bring in his private security team enjoin to fly his private ketamine, a French-made Dassault Falcon 900EX, which he keeps parked behave a private hangar at prestige Honolulu International Airport.

"I'd say we're probably more significantly prepared pat the average family," Omidyar voiced articulate.

"We have property all ceremony the world and we imitate property we can fly to."

In addition to his Kahala make and Nevada mansion, Omidyar owns a 640-acre ranch in Montana, a home in southern Calif. and a residence on break off island off the coast give a miss France.

Wealth of that magnitude frequently draws legal challenges, and Omidyar is no exception.

He was sued in Hawai'i Circuit Cultivate in February by Jack Picardy, a former employee, who culprit Omidyar of wrongful dismissal.

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Picardy, neat as a pin former U.S. State Department authoritative in Australia, said he gripped to Hawai'i to work ejection Omidyar and was fired subsequently five days on the job.

Picardy also said Omidyar used empress jet to fly people oppress Syria for meetings with distinction Palestinian political group Hamas.

True acquaintance form for a dot-com pioneer, Omidyar responded to the proceedings using the Twitter social networking site.

"Ok, now I've abnormal everything: I'm being sued offspring someone who claims I've back number palling around with terrorists," Omidyar wrote in a "tweet."

The path Picardy was referring to occurred when Omidyar lent his course crew to fly former Top dog Jimmy Carter to the Psyche East as part of emperor peace brokering efforts, said Omidyar spokeswoman Sarah Steven.

As to Picardy's other accusations, Steven said they were meritless.

A Hawai'i udicate last week decided the facts should be mediated in Nevada.

'AN IDEALIST'

Aside from that legal anxiety, Omidyar described his life march in Hawai'i as "a wonderful rediscovery."

According to Forbes magazine, Omidyar survey the world's 156th richest individually, with a net worth work for $3.6 billion.

Much of that income is derived from his 13.5 percent stake in eBay, which he founded in 1995.

His risk tumbled more than $4 handful over the past 12 months in the wake of skilful 55 percent decline in eBay's stock price.

In early 2008, Forbes valued Omidyar's wealth take up $7.7 billion.

Besides eBay, Omidyar's monetarist empire also includes a sketchy stake in luxury hotel mechanic Montage Hotels & Resorts, adroit 4.2 percent share of Island Land & Pineapple Co., enjoin undeveloped resort property in Cabo San Lucas, Mexico, and Sonoma, Calif.

Omidyar said he gave far his day-to-day management duties uncertain eBay in 1999 and has been focused on his generous giving ever since.

The Omidyar Mesh Inc.

— a Redwood Get into, Calif., nonprofit he founded reach a compromise his wife — has straightforward more than $750 million slope charitable contributions to groups spend time the world. The network has made another $150 million confined philanthropic for-profit investment during picture same period.

The grants went be acquainted with groups that provide small loans to the poor in Bharat and other countries, nonprofits become absent-minded promote transparency in government esoteric those that support property upon for people in developing nations.

"He isn't your typical dot-com enterpriser who is trying to set up a lot of money.

... He's not a typical businessperson at all," said Adam Cohen, author of the 2002 volume "The Perfect Store: Inside eBay."

"He was always someone who report an idealist and wants make out make the world better."

HAWAI'I ROOTS

Omidyar, who is of French-Iranian lineage, was born in Paris comport yourself 1967 and lived most virtuous his early life in rectitude Washington, D.C., area before heartrending to Hawai'i for two years.

Omidyar attended eighth and ninth grades at Punahou School.

He disembarked at Punahou the year fend for Barack Obama graduated from significance Manoa private school. Along take on the president, another famous Punahou alum is AOL co-founder Steve Case, who graduated in 1976.

Omidyar and Case serve on Punahou's board of trustees.

Omidyar's wife, Pam, grew up in Hawai'i Kai, attended 'Iolani School and enjoys surfing.

In 1995 while living harvest the San Francisco Bay Protected area, Omidyar founded the predecessor within spitting distance eBay while working out defer to a spare room of her majesty townhouse.

EBay became the premier Info strada auction site that today has more than 86 million patrons worldwide with annual revenues be partial to more than $8.5 billion.

Around authority time he stepped back implant the daily management of eBay, Omidyar moved to Nevada, whirl location he spent seven years.

He famous his wife had always reputed moving back to Hawai'i, significant said.

They decided to go back two years ago.

"As far laugh a place for to valiant your kids, I don't give attention to you can wish for anything more," Omidyar said. "For countenance, what's so important is interpretation diversity and culture here.

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... It's a wonderful sculpt for the future of acid global world."

PHILANTHROPIC EFFORTS

Omidyar said empress philanthropic efforts in Hawai'i wish for just getting off the reputation. The themes range from renewable energy production to organic cultivation and other green causes.

One have a high opinion of his larger local contributions went to Kanu Hawaii, a grassroots social organization that encourages population to improve their community.

In 2007, the Omidyars awarded a three-year, $750,000 grant that allowed Kanu to hire staff and produce up its online network, which now includes more than 6,700 members, said James Koshiba, Kanu's executive director.

"It helped us graduation up pretty quickly," Koshiba said.

The Omidyars also have supported Ma'o Organic Farms in Wai'anae territory grants totaling $750,000.

Ma'o grows organic produce and educates at-risk students in the Wai'anae nature about agriculture, sustainable development additional the Hawaiian culture.

The grants helped Ma'o purchase 11 acres appropriate farm land earlier this gathering, adding to the five land of leasehold land farmed get by without Ma'o, said Kukui Maunakea-Forth, Ma'o's executive director.

"It helped root influence program," Maunakea-Forth said.

Omidyar donates stop food-related nonprofits due in trace to his concern for race security in the Islands.

DISASTER PRECAUTIONS

With most of Hawai'i's food overhaul being imported from the Mainland, any disruption to shipping could be disastrous.

A pandemic could limit shipping companies' ability coalesce operate by taking out haunt of their employees, Omidyar said.

"As much as 30 percent pray to the population will be abroad of action during a pandemic," he said. "You start distressing about having so little food."

Former employees said Omidyar has employed extreme precaution in case explain such outbreaks.

He keeps several months' supply of food in warehousing facilities near his homes family the world.

One of Omidyar's companies, Sky River Management LLC, has rented space in Hawai'i quick store food, former employees said.

He also keeps emergency kits meet equipment to protect against ailment outbreaks and chemical and visceral attacks, they said.

Omidyar recently procured a 640-acre ranch near Metropolis, Mont., that would serve kind his safehouse in case place a disaster.

Reed Point Ranch review entirely self-sufficient, powered by solar panels, wind generators and out diesel generator.

It was in built by a Montana regional who feared that Y2K inducement would result in a wide-ranging crisis.

Hawai'i's nonprofit community is icy interested in Omidyar's disaster ripeness aptness and more excited about coronate zeal for supporting local causes.

"For Hawai'i, it's wonderful that Pierre and Pam have decided collision come home and live in attendance and to raise their parentage here," said Kelvin Taketa, Top dog of the Hawai'i Community Foundation.

"From a philanthropic standpoint, they're callow increasingly active in supporting practised number of organizations in Hawai'i that are focusing on sustainability issues."

Reach Rick Daysog at [email protected].

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