Items tagged with Lanai

by Seth Colaner - Sun, Jun 16, 2013

Oracle's Larry Ellison Acquires 98% Ownership of Lanai Hawaiian Island

For the majority of Americans, when a fabulously wealthy person buys a private island, the eye-rolling is so severe that is causes widespread migraines. Thus, one’s knee jerk reaction to hearing via the Wall Street Journal that Oracle’s CEO Larry Ellison just dropped $300 million to acquire 98% ownership of Hawaii’s Lanai island is more of the same. However, there’s more to the story. Image credit: WSJ According to the report, Ellison has more in mind for the 141 square mile island than luxurious vacationing. True, he’s planning an “ultraluxury” hotel, but he’s also planning to bring back commercial agriculture, build a sustainability laboratory,... Read more...