Arab Today, arab today oracle chief buys hawaiian island
Last Updated : GMT 05:49:56
Arab Today, arab today
Arab Today, arab today

Larry Ellison's multi-million dollar investment

Oracle chief buys Hawaiian island

Arab Today, arab today

Arab Today, arab today Oracle chief buys Hawaiian island

Oracle boss Larry Ellison
Los Angeles - AFP

Oracle boss Larry Ellison Oracle boss Larry Ellison has bought a Hawaiian island from a fellow multi-billionaire businessman, the governor of the US Pacific Ocean state said. Ellison, co-founder and chief executive officer of the tech giant, has purchased 98 percent of the 141 square mile (365 square kilometer) island of Lana\'i from its owner Castle & Cooke, governor Neil Abercrombie said on Wednesday.
Castle & Cooke, a Los Angeles-based company headed by businessman David Murdock, filed a transfer application with Hawaii\'s Public Utilities Commission, said a statement posted on the governor\'s website.
\"It is my understanding that Mr. Ellison has had a long standing interest in Lana\'i,\" Abercrombie said. \"His passion for nature, particularly the ocean, is well known, specifically in the realm of America\'s Cup sailing.
\"He is also a businessman whose record of community involvement in medical research and education causes is equally notable. We look forward to welcoming Mr. Ellison in the near future,\" he added.
The price paid by the Oracle chief was not specified, but the island state\'s Star Advertiser newspaper quotes Castle & Cooke as saying it was hundreds of millions of dollars.
The seller added that Ellison plans to bring new investment to Lana\'i that should boost tourism and create jobs on the island, which includes two resort hotels and a golf course, among other facilities.
\"The buyer anticipates making substantial investments in Lana\'i and is looking forward to partnering with the people of Lana\'i to chart the island\'s future,\" the company said, according to the paper.
Lana\'i was formerly known as Pineapple Island, but Murdock has had bumpy relations with some residents over his uprooting of the pineapple industry in favor of resort and housing developments, it said.
California-based Ellison\'s net worth is estimated at $36 billion by Forbes magazine, which ranks him sixth in its global rich list, while Murdock\'s is somewhat lower, at $2.7 billion, sharing 442nd place.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today oracle chief buys hawaiian island Arab Today, arab today oracle chief buys hawaiian island

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today oracle chief buys hawaiian island Arab Today, arab today oracle chief buys hawaiian island

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday