Facebook Billionaire Forced to Pay Extra $2.5M for Wedding Venue

by Alyssa Oursler | June 4, 2013 12:56 pm

Facebook Billionaire Forced to Pay Extra $2.5M for Wedding Venue

seanparker 300x225 Facebook Billionaire Forced to Pay Extra $2.5M for Wedding Venue Facebook (FB[1]) billionaire and Napster co-founder Sean Parker paid $10 million for his recent Big Sur wedding.

Before being forced to pay an extra $2.5 million, that is.

Yes, that’s the whopping amount Parker and The California Coastal Commission reached. Turns out Parker built “a large movie-set like wedding site in an ecologically sensitive area of Big Sur without proper permits,” according to [2]The Associated Press[3].

Of course, that’s just the money part. Parker also has to create and distribute a public education video or app aimed at helping to identify areas where the public can access the coast.

Officials did say that Parker was quite cooperative. They also opted for a settlement instead of simply shutting the event down.

Endnotes:
  1. FB: http://studio-5.financialcontent.com/investplace/quote?Symbol=FB
  2. according to : http://hosted.ap.org/dynamic/stories/U/US_FACEBOOK_BILLIONAIRE_WEDDING?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-06-04-04-06-34
  3. The Associated Press: http://hosted.ap.org/dynamic/stories/U/US_FACEBOOK_BILLIONAIRE_WEDDING?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-06-04-04-06-34

Source URL: http://investorplace.com/2013/06/facebook-billionaire-forced-to-pay-extra-2-5m-for-wedding-venue/
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