Exclusive | San Antonio Spurs owner quietly expands Hawaii cattle ranch to 900 acres in an $8M off-market deal
The man behind the Spurs dynasty isn’t chasing another trophy.He’s chasing more grazing land in the middle of the Pacific.Peter J.
Holt, the longtime principal owner of the San Antonio Spurs, has quietly expanded his footprint in Hawaii with an $8 million off-market land purchase that adds another 100 acres to his growing Big Island cattle ranch, The Post has learned. The transaction increases Holt’s holdings to roughly 900 acres on the slopes above the Waipio Valley corridor — one of the most historically significant regions in Hawaii and an area long tied to the island’s ranching heritage.The acquisition stands in stark contrast to the approach taken by some of Hawaii’s most prominent billionaire landowners.Meta founder Mark Zuckerberg has spent years assembling a sprawling compound on Kauai.Oracle founder Larry Ellison controls nearly all of Lanai.
Salesforce founder Marc Benioff has amassed extensive holdings near Waimea on the Big Island.And Jeff Bezos is making a dent on Maui’s waterfront. Holt, meanwhile, is buying pastureland.The Texas businessman is best known as the steward of one of the NBA’s most successful franchises.
Under Holt’s ownership, the Spurs captured five championships and became one of the league’s defining dynasties behind stars including Tim Duncan, David Robinson, Tony Parker and Manu Ginobili.His wealth, however, was built far from the basketball court.Holt serves as chairman of HoltCAT, the San Antonio-based heavy equipment company controlled by the Holt family.
The business is the largest Caterpillar dealership in the United States and traces its roots back to 1933, when Holt’s father, Benjamin Holt, founded the company.Today, the family-owned enterprise operates across Texas and provides construction, mining, energy and industrial equipment to some of the nation’s largest industries.The newly acquired parcel was once part of Parker Ranch, a operation that helped establish Hawaii’s place in American catt...