The CEO of Oracle Larry Ellison has bought 98% of the Hawaiian island of Lana’i, from Cooke, and Castle owner David Murdoch, who also just so happens to be majority owner of the Dole Food Company.
The 141 mile island of Lana’i has always interested Mr. Ellison according to Hawaii Governor Neil Abercrombie. Mr. Ellison is an avid ocean and nature lover, who also well known for his en-devours in the World Cup of sailing.
The island also known as the “Pineapple island” because of the former Pineapple plantations that used to thrive on the island. The island located just 9 miles away from Maui is the smallest inhabited island with just over 3,200 residents.
The asking price is unconfirmed at this moment, but the Maui Times reported in May that the asking price of the island would be between $500, and $600 million. Mr. Murdoch bought the island in 2000 for $700 million
The island comes equipped with 30 miles of paved roads, two resorts, two golf courses, a stable, various residential, and commercial buildings.
The 67 year old Oracle Founder and CEO Larry Ellison is the 3rd richest man in the United States and 6th richest man in the World with a net worth of more than $35 billion according to Forbes.