Oracle CEO splurges on plush Hawaiian island

The island of Lanai is home to luxury resorts and hosted the wedding of Microsoft's Bill Gates

Oracle CEO Larry Ellison shows he's truely recession-proof as he reportedly splashes out a whopping £383m on a plush Hawaiian island

The billionaire CEO of the American computer technology corporation Oracle has bought a whopping 98 per cent of Hawaii’s sixth largest island Lanai, rumoured to cost about £383m.

Larry Ellison is reportedly set to take ownership of the plot from fellow billionaire David Murdock, who is reported to be worth around $3bn, reports claim.

Hawaiian governor, Neil Abercrombie, said in a statement: "It is my understanding that Mr Ellison has had a longstanding interest in Lanai. His passion for nature, particularly the ocean, is well known, specifically in the realm of America's Cup sailing.

“We look forward to welcoming Mr Ellison in the near future."

Ellison, who is currently ranked as the third-richest man in the States, will have over 130 square miles to play on, giving him plenty of room to run about and entertain guest.

A rich man’s paradise, the island of Lanai is home to two Four Seasons resorts, a string of golf courses and boasts a stretch of luxury homes.

Bill Gates once famously booked every available hotel room on the island for his wedding to Melinda French in 1994.

Source: Guardian