Feeds

Larry Ellison buys island 1000x bigger than Branson's

No details yet on volcano, submarine dock etc

Secure remote control for conventional and virtual desktops

Billionaire CEO Larry Ellison has fulfilled the dream of mega-rich folks everywhere: he has just bought his very own island.

Lanai island in Hawaii

If you like piña colada... Credit: Hawaii Tourism Authority/Pierce M Myers Photography

The Oracle chief has snapped up the sixth-largest island in Hawaii, Lanai, in a deal with Castle & Cooke, a privately held conglomerate that had owned 98 per cent of the 141 square mile (365km2) island*.

Hawaii governor Neil Abercrombie said in a canned statement that the islands looked forward to welcoming Ellison.

"It is my understanding that Mr Ellison has had a long-standing interest in Lanai," Abercrombie said.

"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."

Castle & Cooke filed a transfer application with the Public Utilities Commission on Tuesday to sign the island over to Ellison. It didn't say exactly how much Larry was buying the island for, although it did mention "hundreds of millions of dollars", and other media reports put the price tag at between $500m and $600m.

The list of what Ellison will get on the island is long, but includes two Four Seasons resorts, two golf courses, over 88,000 acres of land, interest in a solar farm and some utility companies.

"The buyer anticipates making substantial investments in Lanai is looking forward to partnering with the people of Lanai to chart the island's future," the application said.

The firm is seeking interim approval on the deal by 26 June. ®

*Branson's Necker Island measures a paltry 0.115 square miles (300,000m2, or 74 acres).

Secure remote control for conventional and virtual desktops

More from The Register

next story
Apple's Mr Havisham: Tim Cook says dead Steve Jobs' office has remained untouched
'I literally think about him every day' says biz baron's old friend
Flaming drone batteries ground commercial flight before takeoff
Passenger had Something To Declare, instead fiddled while plane burned
Cops apologise for leaving EXPLOSIVES in suitcase at airport
'Canine training exercise' SNAFU sees woman take home booming baggage
Every billionaire needs a PANZER TANK, right? STOP THERE, Paul Allen
Angry Microsoftie hauls auctioneers to court over stalled Pzkw. IV 'deal'
Jony Ive: Apple iWatch will SCREW UP Switzerland's economy
Apple's chief designer forgot one crucial point about overpriced bling
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.