Oracle Corp. CEO Larry Ellison to buy most of Hawaiian island of Lanai – CBS News.
Larry Ellison, inset, and the Sweetheart Rock as seen from Manele Bay Resort golf clubhouse on Lanai, Hawaii (CBS/AP/Wikimedia Commons)
The major Hawaiian islands, with Lanai highlighted (Credit: AP Photo)
It’s good to be filthy rich.
(CBS/AP) HONOLULU – Oracle Corp. CEO Larry Ellison has reached a deal to buy 98 percent of the island of Lanai.
The sale price for the property — the vast majority of the island’s 141 square miles — was not immediately clear. The Maui News previously reported the asking price was between $500 million and $600 million.