Haute 100 LA Update: David Murdock Sells Hawaiian Island to Larry Ellison

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David Murdock has sold 98% of his Hawaiian island to Oracle Corp. CEO Larry Ellison.

The billionaire will still hold on to a few of his assets on Lanai, however.

He will keep his seven-bedroom home, a woodworking shop, two carved elephant tusks and 1,000 rare orchids.

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