Facebook CEO Mark Zuckerberg is dropping a series of property lawsuits over his ownership of a sizeable piece of beachfront land in Hawaii. "To find a better path forward, we are dropping," the lawsuits, Zuckerberg and his wife, Priscilla Chan, wrote in an op-ed published Friday by a local Hawaiian newspaper. Chain of title property records in Hawaii are often spotty, legal experts said, making it difficult to determine the boundaries of privately held property and who owns what. It's difficult to imagine that could be anyone Zuckerberg could outbid Zuckerberg, who as of today is worth $55.4 billion, according to Forbes' estimates. A representative for the Fifth Circuit court in Hawaii did not immediately confirm whether the lawsuits had been formally dismissed by the court.

Source: Forbes January 27, 2017 21:00 UTC