It’s not enough that legendary director Francis Ford Coppola owns half of the San Francisco Bay Area, but now the ultra rich film mogul is going to go buy up South America. Coppolla already owns some properties in Buenos Aires, and is looking to expand his investment in hospitality in Brazil:

The five-time-Oscar winning director arrived this week in Florianopolis, on the Atlantic coast some 500 kilometers (310 miles) south of here, in search of real estate for his business venture, said the website without further details.

Coppola, 68, already has several investments including a couple of wineries in the US state of California and resorts in Guatemala and Belize.

In June, the director of “The Godfather” and “Apocalypse Now” was in Buenos Aires where he bought a hotel boutique and where he also plans to set up a film production facility and shoot a movie in 2008, G1 said.

I really like FFC’s work and I hope whatever he is doing in Brazil will benefit not only himself but the local economy.

Via / Yahoo! Entertainment – AFP