Feeds

Larry Ellison buys island 1000x bigger than Branson's

No details yet on volcano, submarine dock etc

Security for virtualized datacentres

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).

Remote control for virtualized desktops

More from The Register

next story
MEN: For pity's sake SLEEP with LOTS of WOMEN - and avoid Prostate Cancer
And, um, don't sleep with other men. If that's what worries you
Jim Beam me up, Scotty! WHISKY from SPAAACE returns to Earth
They're insured for $1m, before you thirsty folks make plans
Now: The REAL APPLE NEWS you need to know
OMG! Gravity's totes amazeballs. Calm down, George Clooney, not your film
Boffins who stare at goats: I do believe they’re SHRINKING
Alpine chamois being squashed by global warming
Let's make an app that POSTS your POO to APPLE HQ
Plus: It's OPEN WARFARE in the Linux greybeard world
Adorkable overshare of words like photobomb in this year's dictionaries
And hipsters are finally defined as self-loathing. Sort of
Not a loyal follower of @BritishMonarchy? You missed The QUEEN*'s first Tweet
Her Maj opens 'Information Age' at the Science Museum
Apple CEO Tim Cook: My well-known gayness 'is a gift from GOD'
'I have benefited from the sacrifice of others'
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.