Advertisement
Canada markets closed
  • S&P/TSX

    21,969.24
    +83.86 (+0.38%)
     
  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     
  • DOW

    38,239.66
    +153.86 (+0.40%)
     
  • CAD/USD

    0.7316
    -0.0007 (-0.09%)
     
  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     
  • Bitcoin CAD

    87,399.93
    -1,505.19 (-1.69%)
     
  • CMC Crypto 200

    1,383.71
    -12.82 (-0.95%)
     
  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     
  • RUSSELL 2000

    2,002.00
    +20.88 (+1.05%)
     
  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     
  • NASDAQ

    15,927.90
    +316.14 (+2.03%)
     
  • VOLATILITY

    15.03
    -0.34 (-2.21%)
     
  • FTSE

    8,139.83
    +60.97 (+0.75%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • CAD/EUR

    0.6838
    +0.0017 (+0.25%)
     

Tech billionaire must open gates to California beach next to property he bought for $37 million, courts say

vinod khosla
vinod khosla

(Khosla Ventures founder Vinod Khosla, who is fighting legal battles over access to Martins Beach in California.Stephen Lam / REUTERS)

A Silicon Valley billionaire has lost a legal battle over access to a California beach.

A California appeals court ruled earlier this week that Vinod Khosla must open gates providing access to Martins Beach, which is an hour south of San Francisco.

Khosla, who made his fortune as one of the co-founders of Sun Microsystems and as a venture capitalist, bought property surrounding Martins Beach in 2008 for $37 million, according to NPR, and closed the beach to the public the year after.

ADVERTISEMENT

Since then, he has been locked in a series of legal battles over whether the public can access the shore. Before Khosla bought the property, there was a gate and parking area permitting access to the beach, which was a well-liked surf spot.

California's First District Court of Appeals in San Francisco ruled 3-0 that Khosla violated state law when he blocked the public from accessing Martins Beach, rejecting Khosla's appeal.

The court ordered Kholsa's companies to pay the attorney costs for the Surfrider Foundation, the group that had brought the legal challenge over the beach.

But the battle isn't over yet — Khosla can still appeal, and other lawsuits over access to the beach are still pending.

martins beach 15
martins beach 15

(The gate leading down to Martins Beach.Anneliese Agren @coastroad)

martins beach 16
martins beach 16

(The shore along Martins Beach is a popular surf spot.Martin's Beach.)

martins beach
martins beach

(jjay69 / Flickr)

NOW WATCH: British special forces are testing out a bulletproof combat helmet that looks like something Boba Fett would wear



More From Business Insider