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Oracle CEO Larry Ellison Buys Hawaiian Island of Lanai

Larry Ellison is a wealthy, wealthy man. How wealthy? Wealthy enough to drop hundreds of millions of dollars on his very own Hawaiian island. Late last night it emerged that Larry Ellison, CEO of Oracle Software, had just purchased Hawaii's sixth largest island, Lanai.

The news was revealed in a statement released by Neil Abercrombie, the Governer of Hawaii. Abercrombie revealed that Ellison purchased 98 percent of Lanai from landowner Castle & Cooke, which recently filed a transfer application with the Public Utilities Commision. Castle & Cooke sold its full 98 percent share of the island's 141 square miles to Ellison. The other two percent is thought to be owned by the state.

Landowner Castle & Cooke has filed a transfer application with the Public Utilities Commission.  Castle & Cooke owns 98 percent of the island’s 141 square miles. The buyer is Lawrence Ellison, co-founder and chief executive officer of Oracle Corporation.

"It is my understanding that Mr. Ellison has had a long standing interest in Lanai," Governer Abercrombie said in a statement. "His passion for nature, particularly the ocean is well known specifically in the realm of America's Cup sailing. He is also a businessman whose record of community involvement in medical research and education causes is equally notable.We look forward to welcoming Mr. Ellison in the near future."

Lanai has a population of over 3,000 people. According to the San Francisco Chronicle, the residents find the the sale of the island a bit weird.

"It's kind of strange that in 2012, a medieval system of having one man own an island in the middle of the state, on which 3,000 people live, can still exist," Robin Kaye, a Lanai resident since 2005, told the paper. "It's very bizarre."

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  • jakes69
    just you guys know...I own the other 2%. ;-)
    Reply
  • Zagen30
    It's good to be the king.
    Reply
  • djscribbles
    Step 1: Buy Island
    Step 2: Send Eviction notices
    Step 3: Build volcano laboratory
    Step 4: Finish Doomsday device
    Step 5: Profit
    Reply
  • SinisterSalad
    " Castle & Cooke sold its full 98 percent share of the island's 141 square miles to Ellison. The other two percent is thought to be owned by the state."

    and then the next paragraph...

    "Castle & Cooke owns 98 percent of the island’s 141 square miles."

    I think I got it the first time. :|

    " Residents are hoping he'll kill off plans to build windmills on the island"

    Then, same paragraph...

    "..., but residents are hopeful Larry will kill that idea off."

    Just... wow...



    Reply
  • alxianthelast
    Priceless.
    Reply
  • Tuishimi
    He'll probably sue Google for google maps showing images of his island.
    Reply
  • Gigahertz20
    DjScribblesStep 1: Buy IslandStep 2: Send Eviction noticesStep 3: Build volcano laboratoryStep 4: Finish Doomsday deviceStep 5: Profit

    He's on his way to becoming the next Bond villain, lol.
    Reply
  • Travis Beane
    Zagen30It's good to be the king.I now feel inferior to this man in every way conceivable.
    Reply
  • I can see CEO of Oracle being possessed by the Hawaiian gods.
    Reply
  • "It's kind of strange that in 2012, a medieval system of having one man own an island in the middle of the state, on which 3,000 people live, can still exist," Robin Kaye, a Lanai resident since 2005, told the paper. "It's very bizarre."

    Perhaps Ellison will move on to a 21st century "green" approach of demolishing "the Four Seasons Resorts Lanai at Manele Bay, and the Four Seasons Resorts Lanai, Lodge at Koele, as well two championship golf courses and clubhouses."

    So after Ellison returns Lanai to a state of nature, Robin Kaye can pack up her belongings and move her butt off this natural wonderland. I'm sure she would agree that that isn't "bizarre".
    Reply