Draper Seeks $7.9 Million for Lupita Island in Lake Tanganyika
Billionaire investor Tim Draper has put Lupita Island in Tanzania’s Lake Tanganyika on the market for $7.9 million, saying it’s underutilized and has already drawn several offers. The remote luxury island includes ten cottages for up to 26 guests, a spa, pool, private beach, a 46-foot boat and more than 30 staff, with details like land titles and licences not disclosed. Draper bought the property in 2004 and spent years developing it, and buyers would need to decide whether the sale covers just the land or the operating hospitality business, as the asking price reflects his valuation rather than an independent appraisal.