“Larry Ellison, the billionaire chief executive of Oracle Corp., was identified Wednesday as the buyer of the bulk of the Hawaiian island of Lanai,” Don Clark and Ben Worthen report for The Wall Street Journal.
“The deal to buy 98% of the 141-square-mile island was disclosed by the state’s governor, Neil Abercrombie, who cited a transfer application that owner Castle & Cooke Inc. filed with the Public Utilities Commission,” Clark and Worthen report. “Lanai, which is nine miles off the coast of Maui, is the smallest inhabited island in Hawaii that is publicly accessible. It has long been controlled by billionaire David Murdock—who also controls Castle & Cooke and who is known for closing the island’s original pineapple plantations to make way for development.”
Clark and Worthen report, “The Maui News reported that the asking price for the property was between $500 million and $600 million. Representatives for Castle & Cooke and Mr. Ellison couldn’t be reached. Mr. Ellison, 67 years old, is the third-richest person in the U.S., according to Forbes, with a fortune estimated at more than $30 billion.”
Read more in the full article here.
MacDailyNews Take: Makes a fighter jet seem like a checkout counter impulse purchase.
My wife and I stayed on Lanai for a few days. It’s absolutely gorgeous. $600million would be cheap. Hopefully Larry will not put a runway on it.
That’s what I was thinking.
$600 million is dirt cheap for a huge tropical island with easy access to Asian & North American travellers.
Not many huge tropical islands in the pacific for sale, especially within a short skip of an international airport, let alone that it’s American soil.
If he does put a runway on Lanai, it will be the second. The existing strip is 5,001 feet long and 150 feet wide, sufficient for jet operations.
Yeah, if he was REALLY rich, he’d be able to afford the other 2%.
Not impressed while sitting on my own island. ; )
uh Saul, Alcatraz doesn’t count.
🙂
Both brilliant! Thanks for the laugh.
Perhaps the other 2% wasn’t for sale.
I’d only buy 98% just so I could tell people to get off my lawn.
literally laughed out loud… hilarious!!
and i literally just stole it and put it on my fb, my bad
Coffee-on-monitor funny! LOL
If you can buy a state, it might as well be Hawaii.
He didn’t buy the state.
Good on you Larry – capitalism at its best.
The rest was censored by the thought poe leese.
um, … fighter jets aren’t as cheap as you think i am afraid.
MDN should contrast this by publishing the photo of Tim Cook’s humble home.
——RM
Hope Larry has seen and takes to heart the message in “The Descendants.”
If he buys the other 2%, he will achieve ALL.
It’s good ta’ be da’ king…
He won’t own Lanai City or the airport or docks, but since the plantation closed if any new business comes to the island it will be a good thing.
Not exactly Apple news, but Hawai’i is breathtaking.
Larry Ellison is a friend of Steve and on Apples Board of Directors.
If IBM came up with a radical new battery technology that could revolutionize the future of mobile devices, it wouldn’t strictly be “Apple news” either but does that mean it shouldn’t be reported here?
It was a hidden pun
He only pines for Apple news.
I will be staring at Lanai from Kaanapali in about 6 weeks. I hope Larry isn’t wearing his speedos then……
Ditto in September.
He prefers Samurai garb and flight suits..
The other 2% is controlled by native Hawaiians.
The government should keep this in mind the next time the get pissed at Apple or ask for more from Apple. Apple can easily buy a small piece of dirt and move the company their anywhere on the planet. Apple could establish their own country at this point. Think of what they would save in taxes!
Buy Belize, call it “iBelize in miracles”.
Sorry…
You should be.
Discover the power of SMM Panel One, the all-in-one SMM Panel that takes your social media presence to new heights! Whether you’re a business owner, influencer, or content creator, our platform offers a seamless and efficient way to boost your reach, engagement, and visibility across popular social networks. From instant likes, shares, and comments to targeted audience growth and analytics, SMM Panel One empowers you with the tools you need to stand out in the digital landscape. Join us today and unlock the potential of social media success!
Technical Indicators and Analysis: Technical analysis, grounded in chart data and indicators, can forecast a rising market, with indicators like support level breaks and positive trends hinting at a potential bull market: https://cryptorobotics.co/bull-market-definition-characteristics-examples/