The Shmooze

Oracle CEO Buys Hawaiian Island

By Renee Ghert-Zand

  • Print
  • Share Share
Getty Images

Oracle CEO Larry Ellison has never been one to shy away from making big purchases. He already owns several opulent homes, a super-size yacht, a tennis tournament, and a fighter jet. He also bankrolls an America’s Cup-winning sailing team.

But an island in Hawaii? That kind of seems like a major purchase even for a guy worth an estimated $30 billion (he is the third wealthiest individual in the United States, according to Forbes).

The Wall Street Journal reports that the island, Lanai, was being offered for between $500 million and $600 million.

Lanai, which lies nine miles off the coast of Maui, is the smallest inhabited island in Hawaii that is publicly accessible. According to New York magazine’s Daily Intel blog, it has 3,200 inhabitants. Ellison is buying 98% of the island’s 141 square miles from David Murdock, who owns Castle & Cooke and is the founder of Dole Foods. Murdock closed the island’s original pineapple plantations to make way for real estate development. Lanai has some resorts and golf courses, but it is still rather undeveloped and attracts relatively few tourists.

Daily Intel suggests that few people will be able to afford to be Ellison’s neighbors, referencing a residential real estate website that has listings for homes on Lanai going for prices in the $5 million range.

The Journal reports that some sources were surprised to hear that Ellison, 67, had bought Lanai, given that he has not shown much prior interest in real estate. “It is my understanding that Mr. Ellison has had a long standing interest in Lanai,” said Hawaii Governor Neil Abercrombie about the deal. “His passion for nature, particularly the ocean is well known specifically in the realm of America’s Cup sailing.”

Daily Intel’s Brett Smiley speculates that Ellison’s purchase of Lanai (nicknamed “Pineapple Island”) may be motivated by a passion for a certain tropical drink. “Pineapple mojitos probably taste better when the fruit is plucked from your own damn island,” he quipped.


Permalink | | Share | Email | Print | Filed under: Pineapple, Larry Ellison, Lanai, Hawaii

The Jewish Daily Forward welcomes reader comments in order to promote thoughtful discussion on issues of importance to the Jewish community. In the interest of maintaining a civil forum, The Jewish Daily Forwardrequires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Vigorous debate and reasoned critique are welcome; name-calling and personal invective are not. While we generally do not seek to edit or actively moderate comments, our spam filter prevents most links and certain key words from being posted and The Jewish Daily Forward reserves the right to remove comments for any reason.




Find us on Facebook!
  • Undeterred by the conflict, 24 Jews participated in the first ever Jewish National Fund— JDate singles trip to Israel. Translation: Jews age 30 to 45 travelled to Israel to get it on in the sun, with a side of hummus.
  • "It pains and shocks me to say this, but here goes: My father was right all along. He always told me, as I spouted liberal talking points at the Shabbos table and challenged his hawkish views on Israel and the Palestinians to his unending chagrin, that I would one day change my tune." Have you had a similar experience?
  • "'What’s this, mommy?' she asked, while pulling at the purple sleeve to unwrap this mysterious little gift mom keeps hidden in the inside pocket of her bag. Oh boy, how do I answer?"
  • "I fear that we are witnessing the end of politics in the Israeli-Palestinian conflict. I see no possibility for resolution right now. I look into the future and see only a void." What do you think?
  • Not a gazillionaire? Take the "poor door."
  • "We will do what we must to protect our people. We have that right. We are not less deserving of life and quiet than anyone else. No more apologies."
  • "Woody Allen should have quit while he was ahead." Ezra Glinter's review of "Magic in the Moonlight": http://jd.fo/f4Q1Q
  • Jon Stewart responds to his critics: “Look, obviously there are many strong opinions on this. But just merely mentioning Israel or questioning in any way the effectiveness or humanity of Israel’s policies is not the same thing as being pro-Hamas.”
  • "My bat mitzvah party took place in our living room. There were only a few Jewish kids there, and only one from my Sunday school class. She sat in the corner, wearing the right clothes, asking her mom when they could go." The latest in our Promised Lands series — what state should we visit next?
  • Former Israeli National Security Advisor Yaakov Amidror: “A cease-fire will mean that anytime Hamas wants to fight it can. Occupation of Gaza will bring longer-term quiet, but the price will be very high.” What do you think?
  • Should couples sign a pre-pregnancy contract, outlining how caring for the infant will be equally divided between the two parties involved? Just think of it as a ketubah for expectant parents:
  • Many #Israelis can't make it to bomb shelters in time. One of them is Amos Oz.
  • According to Israeli professor Mordechai Kedar, “the only thing that can deter terrorists, like those who kidnapped the children and killed them, is the knowledge that their sister or their mother will be raped."
  • Why does ultra-Orthodox group Agudath Israel of America receive its largest donation from the majority owners of Walmart? Find out here: http://jd.fo/q4XfI
  • Woody Allen on the situation in #Gaza: It's “a terrible, tragic thing. Innocent lives are lost left and right, and it’s a horrible situation that eventually has to right itself.”
  • from-cache

Would you like to receive updates about new stories?




















We will not share your e-mail address or other personal information.

Already subscribed? Manage your subscription.