The island of Lanai is owned by Larry Ellison, the co-founder of Oracle Corporation. He purchased the island in 2012 for a reported $300 million.
Ellison's ownership of Lanai has been a subject of much discussion and speculation. Some have praised his efforts to revitalize the island's economy and infrastructure, while others have criticized his perceived lack of transparency and his approach to development.
Here are some key details about Ellison's ownership of Lanai:
- He owns nearly all of the island: Ellison owns approximately 98% of Lanai, including its two main towns, Lanai City and Manele Bay.
- He has invested heavily in the island: Ellison has poured significant resources into renovating existing infrastructure, developing new resorts, and creating jobs on the island.
- He has implemented various changes: Ellison has introduced new policies and regulations, including a ban on plastic bags and a focus on sustainable agriculture.
- His ownership has been controversial: Some residents have expressed concerns about the impact of Ellison's development projects and his control over the island's resources.
Despite the controversy, Ellison's ownership of Lanai has undoubtedly brought about significant changes to the island. His investments have revitalized the local economy and attracted new visitors, while his focus on sustainability has raised awareness about environmental issues.
