HONOLULU, Hawaii (Reuters) - Billionaire Oracle CEO Larry Ellison bought 98 percent of Hawaii's sixth-largest island, Lanai, the state's governor announced on Wednesday.
Ellison, ranked in 2012 as America's third-richest man, is purchasing the property from fellow billionaire David Murdock. Murdock's Castle and Cooke Inc, which owns all but 2 percent of Lanai's 141 square miles (365 square km), filed a transfer application with Hawaii's Public Utilities Commission.
Previous media reports put the price tag at between $500 million and $600 million, but the price was not revealed in Wednesday's filing.
Showing posts with label Larry. Show all posts
Showing posts with label Larry. Show all posts
Friday, June 22, 2012
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