Oracle's Larry Ellison owns 98% of Hawaii's Lanai Island, paid $300M

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Oracle co-founder Larry Ellison purchased 98 percent of Lanai, a Hawaiian island, for approximately $300 million. The island is roughly three times the size of San Francisco. Ellison now lives on Lanai full-time and has plans to develop it into a luxury destination while also building a sustainable community. His personal wealth has seen fluctuations tied to market movements, though Oracle's cloud business continues to perform strongly.

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