Oracle CEO Larry Ellison buys Hawaii�s sixth-largest Island

HONOLULU, HAWAII, June 22: Billionaire Oracle CEO Larry Ellison bought 98 percent of Hawaii�s sixth-largest island, Lanai, the state�s governor announced on Wednesday. Ellison, ranked in 2012 as America�s third-richest man, is purchasing the property from fellow billionaire David Murdock. Murdock�s Castle and Cooke Inc, which owns all but 2 per cent of Lanai�s 141 square miles (365 square km), filed a transfer application with Hawaii�s Public Utilities Commission. (agencies)