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| Friday, June 29th, 2012

Haute 100 San Francisco Update: Oracle CEO Larry Ellison buys Majority of Hawaiian Island

Larry Ellison just made a deal to purchase 98 percent of the Hawaiian island of Lanai for an undisclosed amount (read: it had been listed for $500 mil).

The 141-square-mile island is the sixth largest in the Hawaiian chain. Hawaii Governor Neil Abercrombie says his office is excited about Ellison’s purchase, citing his long standing interest in natural conservation and preservation of the oceans though his sailing pursuits.

Ellison was apparently in competition for the island; Microsoft founder Bill Gates was also interested in the property. He rented it back in 1994 for his wedding.

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