Larry Ellison's vision includes desalinated water and exports of organic produce
POSTED: 01:30 a.m. HST, Oct 03, 2012
SAN FRANCISCO » Oracle CEO Larry Ellison envisions his recently acquired Hawaiian island becoming a "little laboratory" for experimenting with more environmentally sound ways to live.
Ellison's ambitions include converting seawater into fresh water on the 141-square-mile island of Lanai. He also wants to see more electric cars on the island, and hopes to increase its fruit exports to Japan and other markets.
Ellison, one of the world's wealthiest men, made the remarks Tuesday in San Francisco in an interview with Maria Bartiromo on the financial news channel CNBC.
The interview focused mostly on Oracle Corp., a business-software maker that Ellison has been running for 35 years.
Oracle's success has minted Ellison an estimated fortune of $41 billion. He bought 98 percent of Lanai from billionaire David Murdock in June for an undisclosed price.
Ellison hadn't publicly shared his vision for Lanai until Tuesday's interview. The silence had left Lanai's roughly 3,200 residents wondering whether their lives would be disrupted under Ellison's ownership.
Toward the end of her interview, Bartiromo asked Ellison about the many homes he owns and then added, "You must be a lot of fun to go shopping with. And the island of Lanai, I mean, that was such a — you love Hawaii or what was that?"
Ellison, according to the CNBC transcript, said: "I love Hawaii, and Lanai is a very interesting project. There, what we are going to do is turn Lanai into a model for sustainable enterprise. And what I mean by that is — and Lanai, I own the water utility; I own the electric utility, and the electric utility is all going to be solar photovoltaic and solar thermal where it can convert seawater into fresh water. And then we have drip irrigation where we are going to have organic farms all over the island. Hopefully we are going to export produce — really the best, organic produce to Japan and elsewhere.
"And the Hawaiian Islands, we are going to support the local people and help them start these businesses. We will have electric cars. So it is going to be a little, if you will, laboratory for sustainability in businesses of small scale," Ellison said.
Ellison's Lanai holdings include two resorts, two golf courses and assorted commercial and residential buildings. Three utilities on the island also are under Ellison's control.
Lanai is just one piece of Ellison's sprawling real estate portfolio. He also owns estates or mansions in San Francisco, Lake Tahoe and Southern California, as well as in Newport, R.I., and Japan. He told CNBC on Tuesday that he plans to convert some of the homes into art museums, and traced his interest in fancy homes to his childhood dream of being an architect.
Tuesday's interview also gave Ellison an opportunity to reminisce about Steve Jobs, the co-founder of Apple Inc. who died nearly a year ago after a long battle with cancer. The two were so close that Jobs took the photos when Ellison married his fourth wife, romance novelist Melanie Craft, in 2003. Ellison hailed Jobs as an irreplaceable friend and technology visionary whom he called the Thomas Edison and Pablo Picasso of his era.
Ellison also said he would be interested in buying the Los Angeles Lakers if longtime owner Jerry Buss were ever to sell one of the National Basketball Association's most successful franchises. Buss has given no indication that he is ready to relinquish control of the Lakers, though Anschutz Entertainment Group recently announced plans to sell its minority stake in the team.
Ellison called the Lakers his favorite NBA team. He also said he is a fan of the Golden State Warriors and the Chicago Bulls. He tried to buy the Warriors in 2010 only to be outbid by Silicon Valley venture capitalist Joe Lacob and Hollywood movie producer Peter Guber.
Oracle, which makes database software and applications that automate administrative tasks, has been on a shopping spree that has seen the company spend more than $50 billion buying dozens of companies over the past seven years. Ellison told CNBC that Oracle probably won't be making any big acquisitions during the next two years as the Redwood Shores, Calif., company fine-tunes its software products so they can be sold as a service over high-speed Internet connections — a concept known as "cloud computing."
Ellison talked to CNBC shortly before he delivered the keynote address at Oracle's annual customer conference in San Francisco.
Star-Advertiser staff contributed to this report.