Larry Ellison, CEO of database software behemoth Oracle and the third-richest man on earth, has bought 98% of the Hawaiian island of Lanai for $500 million from Castle & Cooke, whose owner David Murdock is also the majority owner in the Dole Food Company, founded in Hawaii in 1851. Murdock, 89, worth an estimated $2.5 billion, will retain a solar farm and Lenai population has dwindled to about 1,900 people since the last census and is about 140 square miles or 88,000 acres. Ellison's buy includes two luxury resorts, two golf courses and two club houses. The island has been losing tens of millions of dollars per year.
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