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Larry Ellison named top billionaire island owner

By Erika Engle

LAST UPDATED: 12:53 p.m. HST, Jun 26, 2013

Oracle co-founder Larry Ellison, who purchased Lanai last year reportedly for $300 million, has been named the world's top billionaire island owner by Wealth-X Research.

Using what it called a proprietary valuation model to assess all asset holdings, Wealth-X found Ellison’s net worth valuation of $43.9 billion topped the list of five individuals who own islands.

Second, with a net worth of $28.3 billion, was Bernard Arnault, owner of Group Arnault, who owns Indigo Island in the Bahamas.

At $24.7 billion Google CEO Larry Page is No. 3. He owns Eustatia island in the British Virgin Islands.

Microsoft co-founder and Vulcan Chairman Paul Allen weighs in at No. 4 with a $15 billion net valuation. Allan Island in Washington State is among his assets.

U.K. businessman Roman Abromovich, at $12.4 billion, owns New Holland Island in St. Petersburg and is the owner of Millhouse Capital.

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Maneki_Neko wrote:
The State and Feds have put up $28 million to improve the airport terminal and infrastructure on Lana'i. That's our tax money, folks. Why so much public money for an island that is 98% owned by one guy? Should not the owner of the island pay for the airport on the island?
on June 26,2013 | 08:16AM
gobows wrote:
its called an investment by the State and Feds. Gotta spend money to make money. We'll have to wait and see what the new owner does with these improvements. He'll bring more $$ on to the island and the people there will prosper. Lets just hope, Lanaians are ready for this growth.
on June 26,2013 | 09:33AM
allie wrote:
agree..this dude does not seem very charitable and has done nothing for Hawaii yet
on June 26,2013 | 12:02PM
steveoctober wrote:
Corporate welfare. No different than welfare for the poor (or those pretending to be). it's the middle class that's footing the bills for both the rich and poor.
on June 26,2013 | 03:37PM
serious wrote:
No man is an island!!!
on June 26,2013 | 08:46AM
kimo54 wrote:
And, no man can stand alone, he needs faith as his guide to make it on his own.
on June 26,2013 | 11:04AM
allie wrote:
we don't need another secluded island for the rich. I am in no way impressed with him and i understand folks on Lanai are changing their mind about him
on June 26,2013 | 12:04PM
gobows wrote:
unless he owns it
on June 26,2013 | 09:15AM
krusha wrote:
Pretty soon they are going to rename Lanai to Ellison Island. :)
on June 26,2013 | 09:51AM
GooglyMoogly wrote:
I can't believe this is a thing.
on June 26,2013 | 11:58AM
Mei mei wrote:
PLS. ADOPT ME !!!!!!!! :))
on June 26,2013 | 12:54PM
gobows wrote:
I'm puttin my application in to be the new and improved...Mr. Tattoo!!!.....De Plane! De Plane!
on June 26,2013 | 02:03PM
syhud wrote:
Change is good. Lanaians must remember the two hotels are losing money everyday.
on June 26,2013 | 03:05PM
entrkn wrote:
I don't know why he hasn't bought the two Super Ferries from the Navy and the Expeditions Lanai Ferry. That would have made more sense to me than buying Go.
on June 26,2013 | 03:38PM
gobows wrote:
He should go solar. then, give every household on Lanai an electric car to use. lease it to them for $1 a year. yes, you heard that here first.
on June 26,2013 | 04:17PM
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