Oracle CEO Ellison to buy Hawaiian island, resorts –

Oracle Corp. CEO Larry Ellison – one of the world’s richest men – has agreed to buy 98% of the Hawaiian island of Lanai, Bloomberg reports.

When Ellison visits the small island, he won’t have to look far for a nice place to store his suitcase.

The deal with the island’s current owner, 89-year-old billionaire David Murdock, includes not one, but two luxury resorts run by Four Seasons – including the posh Four Seasons Lanai at Manele Bay. The beachfront resort borders a marine preserve and was built atop a rugged red-lava cliff above a stretch of white sandy beach. The cheapest room for check-in on Friday, June 29 will set you back $399 before taxes and tips.

According to the Bloomberg Billionaires Index, Ellison is the sixth-richest man on the planet with a net worth estimated at $36 billion.

Looks like the Hawaii’s Lanai Island will be having a new owner. I’m quite curious how much it costs to purchase the island. It only mentions Larry Ellison’s net worth at $36 billion.

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