Larry Ellison Buys Sixth Largest Hawaiian Island

Pop quiz: what are you going to buy when you become a billionaire? For many of us, the hypothetical answer is "an island."

For Oracle co-founder and CEO Larry Ellison, however, that's no hypothetical. He just bought an island (well, 98% of one). And not just any island, but the sixth largest in Hawaii -- Lana'i.

"Mr. Ellison has had a long standing interest in Lana'i," Hawaii governor Neil Abercrombie said in a statement released late Wednesday.

"His passion for nature, particularly the ocean, is well known specifically in the realm of Americas Cup sailing. He is also a businessman whose record of community involvement in medical research and education causes is equally not…
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