Quote:
Originally Posted by DWBOX2000
I thought I read today that the CEO of Oracle is moving out of California to one of the HI islands he owns 90% of. The money is sickening.
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Larry owns 98% of Lanai.
Very interesting place to visit. I choose to take the island tour and we were driven around by a local woman who's family had lived there for generations. After Dole pulled out the island was slowly dying to the point that they were months away from leaving for good, when Ellison bought damn near everything.
The people thought for sure he would kick everyone out and keep it as his own, but he dumped tons of money into the island, brought in housing, gave money to help develop more tourism (lifeblood) and basically paid to keep the island just the way it was. There is good information that in doing so, it costs him $30+ million a year to do so.
While that may seem insane, apparently he loves it just the way it is, and think of it this way, if Ellison never made another cent and continued to fund the island at $30 mil/year, he would run out of money in 2500 years!!!!!
