Hot on the heels of yesterday’s post on Rich and Famous in Hawaii, Oracle co-found Ellison just announced that he has permanently moved, replete with his private jet, to Lanai. That makes him next in the line of California high tech execs to leave their golden goose roots.
Considered to be the 11th richest person in the world, 76-year-old Ellison just notified his staff this morning, Hawaii time. This came following his company’s announcement last week that it was moving to Austin Texas from Redwood City.
Ellison said in a note to Oracle staff, “I’ve received a number of inquiries about whether or not I will be moving to Texas. The answer is no. I’ve moved to the State of Hawaii and I’ll be using the power of Zoom to work from the island of Lanai. Mahalo, Larry.
Why did Ellison move to Lanai? It is no coincidence, as he owns 98% of the island, where he, his resorts, grocery store, housing, and newspaper (locally referred to as the Company) comprise the primary employer for the 3,000 person island. Ellison purchased the island in 2012.
Visiting Lanai is a decided step back in time. The island has just thirty miles of paved roads, and, in a good year, 100k annual visitors. In addition to the two resorts and the small Hotel Lanai, there are spectacular secluded beaches, diving and four-wheel driving. It remains a world away from neighboring county-seat, Maui.
If you’re on Lanai, have you spotted Ellison there?
Beat of Hawaii © photo on Lanai.