Exclusive: Billionaire Larry Ellison buys up more Hawaii real estate

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Billionaire tech titan Larry Ellison continues to buy up real estate on the Hawaiian Island of Lanai, which he purchased a majority of for $300 million in 2012.
Public records show that the Oracle Corp. former CEO’s company Lanai Resorts LLC paid $1.5 million for a 2,773, square foot, four-bedroom, two-bathroom home on a 15,784 square foot lot in Lanai City.
The property has a total assessed value of about $1.1 million, according to public records. The sale closed last month to Ellison’s company.
Ellison, the seventh richest person in the world, purchased 98 percent of Lanai, which included the Pineapple island’s two Four Seasons-branded hotels.

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