Larry Ellison Spends $500 Million On Island. Oracle CEO Larry Ellison purchased the sixth largest island in Hawaii for $500 million.
Ellison purchased the island from 89-year-old billionaire David Murdock, who owns the Dole company.
The high price of the island won't put a huge dent in Ellison's $36 billion estimated worth. Forbes reports that the purchase for the Oracle co-founder is the equivalent of "a family with a $1 million net worth buying a used Chevy Impala: $15,000."
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