RED camera founder Jimmy Jannard sells hunk of beachfront dirt at Hanalei bay, Kauai, for $32 million 

Mormon billionaire offloads redundant Hanalei plot for record busting price.

Whenever the Mormon billionaire Jimmy Jannard sells a property, the 210 mill he got for his Malibu compound, most expensive in town, or his brutalist lair in Bev Hills for instance, Jimmy is feted for starting the so-bad-they’re-kinda-cute sunglass brand Oakley. 

And, whenever I hear of ol Jimmy Jannard in the news it always takes me back to baby Dez paying one hundred and twenty shekels for a pair of Oakley Razor Blades the gal behind the surf shop counter said he looked “fire” in and thinking if he bought the crazy lookin’ specs in turn she’d rob his semen bank.

But Jimmy ain’t just known for his wild looking glasses ‘cause it was his second biz, RED, that changed the world by democratising filmmaking: the creation of relatively affordable, wildly portable HD cameras that meant indy filmmakers could get their hands on professional-grade equipment without having to sell their soul to a studio or whatever.

Jimmy Jannard is worth a little under three billion dollars these days, is a Mormon, owns two Fijian islands, in the Lau Group, too, and if you know anything about the Lau group, oowee, empty waves for days.

And, a few days back, Jimmy Jannard sold his final beachfront property on Kauai’s North Shore for $32.25 million, slightly less than the total $36.75 million received for his other three properties, per public records.

Public records show that Extra Time LLC purchased the Weke Road property in Hanalei for $32.25 million. The buyer’s listed San Francisco address connects to Iconiq Capital, a global investment firm reportedly managing assets for wildly rich players Mark Zuckerberg, Sheryl Sandberg, Dustin Moskovitz, Reid Hoffman, Tom Hanks, Rita Wilson, Justin Timberlake, Ryan Reynolds, Henry Kravis. and James Murdoch.

Another entity tied to Iconiq Capital recently acquired two neighboring vacant lots on Weke Road for $18.12 million, adjacent to the four properties sold by Jannard. Under Kauains LLC, Jannard bought these adjacent properties in 2015 for a total of $43.5 million, with the most recently sold property costing $13.5 million, resulting in a combined profit of $25.5 million from the sale of the four properties.

Hanalei Bay, as y’know, is a two-mile stretch of white sand beach with a righthand point in its northern corner that’ll hold fifteen feet and then some. In the middle of the long crescent of sand is the beachbreak, Pine Trees, famous for turning two poor local boys, Andrew and Bruce Irons, into two of the world’s greatest surfers.