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Mo_Fo
Kelly Slater status
Reged: 04/13/05
Posts: 7710
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Larry Ellison, the billionaire chief executive of Oracle Corp., was identified Wednesday as the buyer of the bulk of the Hawaiian island of Lanai.
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.
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.
The island boasts resorts and golf courses. But it still is considered relatively unspoiled—taking pride in the absence of stoplights—and is believed to be an unprofitable investment for Mr. Murdock.
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. Most of that wealth comes from his stake in Oracle, the software company that he co-founded in 1977.
He isn't shy about spending his money. Mr. Ellison has bankrolled a sailing team—which won the most recent America's Cup with a giant trimaran—and has led an effort to bring that event to San Francisco in 2013.
Mr. Ellison owns several opulent houses, including a traditional Japanese-style estate in Woodside, Calif., and is known for purchases including a yacht large enough for a basketball court, a fighter jet and a tennis tournament. More recently he has sought to buy a professional basketball team.
So far, he hasn't shown much interest in real-estate development, and some residents see Lanai as a place that is too quiet for many tourists. "It is my understanding that Mr. Ellison has had a long standing interest in Lanai," Mr. Abercrombie, the governor, said in a statement. "His passion for nature, particularly the ocean is well known specifically in the realm of America's Cup sailing."
Corrections & Amplifications
Lanai is the smallest inhabited island in Hawaii that is publicly accessible. An earlier version of this article incorrectly called it Hawaii's smallest inhabited island. Niihau, which requires permission to visit, is smaller.
 http://online.wsj.com/article/SB10001424052702304898704577479293757609000.html
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"Your ego is not your amigo" ~Tony Alva
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Mo_Fo
Kelly Slater status
Reged: 04/13/05
Posts: 7710
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OOps. Sorry to try & steal your thunder, fuller.
I tried.
Let's all just ignore this non-news & let this thread sink to the bottom.
Shhhh... 
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"Your ego is not your amigo" ~Tony Alva
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Malarcus
Duke status
Reged: 01/10/02
Posts: 16239
Loc: Roadstreet Ln.
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Quote:
OOps. Sorry to try & steal your thunder, fuller.
I tried.
Let's all just ignore this non-news & let this thread sink to the bottom.
Shhhh...
Definitely. Nobody top this thread, okay?
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"I consider going right a different sport." -BaliIdiot
Surfy, Surfy!
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Mouth
Legend (inyourownmind)
Reged: 08/04/09
Posts: 546
Loc: 805
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Quote:
Quote:
OOps. Sorry to try & steal your thunder, fuller.
I tried.
Let's all just ignore this non-news & let this thread sink to the bottom.
Shhhh...
Definitely. Nobody top this thread, okay?
.poT
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SolventSolution
Miki Dora status
Reged: 05/23/05
Posts: 4929
Loc: that beach by the ocean
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dude, you guys are such dicks for topping this. Mo_Fo clearly asked for this to not be topped.
seeeesh
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“in the abundance of water the fool is thirsty"
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Mo_Fo
Kelly Slater status
Reged: 04/13/05
Posts: 7710
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Why did you guys top this thread? 
I mean, you can clearly see that this thread is a complete repost of a thread that Fuller made. I mean, sure his thread is four pages back now, at least and this one is still on page one... I dunno. No, really, I dunno. I forgot what I was talking about.
Anyway. Like I was saying, I really like shiny things.
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"Your ego is not your amigo" ~Tony Alva
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Mouth
Legend (inyourownmind)
Reged: 08/04/09
Posts: 546
Loc: 805
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Quote:
I really like shiny things.
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Mo_Fo
Kelly Slater status
Reged: 04/13/05
Posts: 7710
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The firewalls at work are incredible.
I see the red x you posted.
If it was anything other than a red x, I'm sorry for missing your humor. I guess it was humor? I'm being purely speculative here and because I can't really tell what you posted.
Sometimes that works for me on the erbb during the day, sometimes against me.
I'm hoping you posted a picture of a squirrel doing something funny. That usually makes me chuckle.
Damn it! Did I top this thread again? 
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"Your ego is not your amigo" ~Tony Alva
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