Mr Deason, who founded Affiliated Computer Services and sold it to Xerox for more than $6 billion in 2009, picked up the Sandcastle and a neighbouring parcel for $38.9m (US$26m) in the same year.

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Would you like to live in paradise? The perfect temperature, spectacular beaches and enchanting little villages ... what more could you ask for? Discover the magical beauty of the Azores and Madeira!

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he didn’t just cash out—he made 400 of his employees millionaires overnight. But despite the massive payday, the San Francisco-based entrepreneur, originally from India, says the sale was ...