Larry Ellison Scoops Up 98 Percent of a Hawaiian Island
Larry Ellison Scoops Up 98 Percent of a Hawaiian Island
Larry Ellison, Ethe "nation's most avid trophy-home buyer," has bought himself a new Hawaiian island. Well, most of one: the Oracle co-founder has reportedly spent around $500M for 98 percent of Lanai—the 141-square-mile "pineapple island"
with some 3,200 residents—which has been owned by fellow billionaire
David Murdock since 1985. What Ellison got in the deal: 88,000 acres of
land, two resorts, two golf courses, a stable, some houses (other than
the one he already owns on Lanai), and commercial buildings; according
to Boston.com, he plans to make "substantial investments in Lanai and is looking forward to partnering
with the people of Lanai to chart the island's future." Fun fact: he
beat Microsoft man Bill Gates, who was also interested in buying Lanai, to the punch.
Read more: http://curbed.com/archives/2012/06/21/larry-ellison-scoops-up-98-percent-of-a-hawaiian-island.php
Read more: http://curbed.com/archives/2012/06/21/larry-ellison-scoops-up-98-percent-of-a-hawaiian-island.php
