Oracle CEO Larry Ellison Buys Hawaiian Island Of Lana'i

By: CNN Posted By: Stephanie Schultz
By: CNN Posted By: Stephanie Schultz
Oracle CEO Larry Ellison has bought 98% of the Hawaiian island of Lana

Looking for a luxury getaway for New Year's Eve? The Four Seasons Lana'i at Manele Bay is one option.

(CNN) -- Oracle CEO Larry Ellison has bought 98% of the Hawaiian island of Lana'i, according to a statement from the governor of Hawaii.

Democratic Gov. Neil Abercrombie said, "It is my understanding that Mr. Ellison has had a long-standing interest in Lana'i. His passion for nature, particularly the ocean, is well-known specifically in the realm of America's Cup sailing."

Ellison bought the island from Castle & Cooke, whose owner, David Murdock, is also the majority stock holder in the Dole Food Company.

Lana'i once grew 75% of the world's pineapples, according to the Honolulu Advertiser newspaper.

According to Castle & Cooke's website, the company employs nearly half of the island's 3,200 residents and was in the process of constructing a solar farm with the goal of making the entire island operate on renewable energy.

Ellison, who was No. 6 on Forbes' World billionaires list with a net worth of $36 billion, isn't the only billionaire to buy his own island. Richard Branson owns a private island in the British Virgin Islands.

Branson has substantial reason to be envious, however. Ellison's island is more than 1,100 times larger.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
631 SW Commerce Pl. Topeka, Kansas 66615 phone: 785-272-6397 fax: 785-272-1363 email: feedback@wibw.com
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 159824975 - wibw.com/a?a=159824975
Gray Television, Inc.