It is true that not everyone can own an island, but if you are as wealthy as Larry Ellison, that would be an option on the shopping list. Oracle CEO Larry Ellison has made a deal with David Murdock to buy 98% of Hawaiian island of Lania which spreads over 141 square miles. The island was once a pineapple plantation and is still sparsely inhabited. "I believe Larry Ellison will bring a new and fresh perspective to the island and its people," Murdock said.
The price was not revealed but it has been estimated at about half a million USD. According to documents filed with Hawaii’s Public Utilities Commission, the purchase will include two resort hotels- the Four Seasons Resorts Lanai, Lodge at Koele and the Four Seasons Resorts Lanai at Manele Bay- and two golf courses with clubhouses- The Challenge at Manele and The Experience at Koele- and more than 88,000 acres of lands.
Ellison, who built Oracle Corp. with $1,200, had a net worth of $36 billion this March, and was ranked third richest man in the United States behind No. 1 Bill Gates of Microsoft and No. 2 Warren Buffett of Berkshire Hathaway and was ranked No. 6 on Forbes magazine’s list of the world’s billionaires. It was rumored that Bill Gates was competing for ownership of the island with Ellison. Previously, Microsoft founder and Melinda French, his wife, rented the entire island for their wedding back in 1994.
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