Visit the New Technabob Shop!Get Technabob in Your Mailbox! Join our Mailing List! | Follow Us: Facebook | Twitter
Awesomer Media Sites: THE AWESOMER | MIGHTYMEGA | 95OCTANE
subscribe to our rss feedsubscribe via e-mailfollow technabob on twittertechnabob facebook fan pageGoogle+follow us in feedly
Follow Us:

Oracle CEO Larry Ellison Buys Hawaiian Island

by Shane McGlaun

I’m going to file this story neatly under the category of yet another reason why I chose the wrong major in college. Oracle CEO Larry Ellison has plunked down a gigantic amount of money to purchase almost the entire Hawaiian island of Lanai. Ellison actually outbid Bill Gates to purchase the island.

hawaii

Ellison now owns 98% of the 141 square mile island, which is the sixth largest island in the Hawaiian chain by acreage. Exactly how much Ellison paid for the Hawaiian island is unknown, but the reported asking price was between $500 million and $600 million. Billionaire David Murdock previously owned the island.

Murdock sold the island after losing between $18 million to $25 million each year since he purchased it in 1985. If you’re wondering who owns the other 2% of the island, that would be the state of Hawaii. I wonder how angry Bill Gates’ wife was that he didn’t manage to purchase the island, as Gates and his wife were married on the island in 1994. Gates certainly has more money┬áthan Ellison, so there’s no excuse.

[via CNET]




Post a Comment:

Want a personal avatar on your comments? Sign up for a free Gravatar now!

Note: All comments with links in them will be held for moderation in order to prevent spam, so you may not see your post appear immediately.

Our Latest & Greatest Posts...

Monster Boxes: Package from Edwardus Lima

Monster Boxes: Package from Edwardus Lima

3D Printing Heads to the Kitchen

3D Printing Heads to the Kitchen

Morphonauts Magnetic & Modular Action Figures: Frankenfigure

Morphonauts Magnetic & Modular Action Figures: Frankenfigure

Fan Crafts Hearthstone Golden Card Animated Wallpapers

Fan Crafts Hearthstone Golden Card Animated Wallpapers

8-year-old Recreates \

8-year-old Recreates 'The Monkees' Opening Sequence with Toys, Mostly LEGO

Win Prizes in the Technabob Shop

More from Awesomer Media...

The Awesomer Logo MightyMega Logo 95octane Logo
discussion by