Home / Larry Ellison buys Hawaiian island

Larry Ellison buys Hawaiian island

Billionaire Oracle CEO takes majority stake in island of Lanai

Larry Ellison buys Hawaiian island
Larry Ellison has made a series of real estate investments.

Larry Ellison, CEO of Oracle, has bought an island in Hawaii, according to the BBC.

Ellison is said to have taken a 98% stake in the island of Lanai.

Terms of the deal were not disclosed, although the initial asking price for the island, which is the smallest publicly accessible island in the Hawaiian chain, was put at $500-600m.

Ellison is the sixth richest person in the world, with an estimated net worth of $36bn, and he was also ranked as the top earning CEO of the decade in 2010. Ellison is known for his real estate investments, including a Japanese feudal themed estate in California, along with extravagant spending on yachts, ocean-going racing vessels and planes.

Lanai, known as Pineapple island, is 141 sq mile in area, and home to around 3,200 residents and several luxury resorts. It was previously owned by billionaire David Murdock.

Follow us to get the most comprehensive technology news in UAE delivered fresh from our social media accounts on Facebook, Twitter, Youtube, and listen to our Weekly Podcast. Click here to sign up for our weekly newsletter on curated technology news in the Middle East and Worldwide.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

CHANNEL AWARD 2018