Oracle CEO Larry Ellison buys Hawaiian islandJune 21, 2012 - 11:34 AMT PanARMENIAN.Net - Oracle CEO Larry Ellison has bought 98% of the Hawaiian island of Lana'i, according to a statement from the governor of Hawaii. Democratic Gov. Neil Abercrombie said, "It is my understanding that Mr. Ellison has had a long-standing interest in Lana'i. His passion for nature, particularly the ocean, is well-known specifically in the realm of America's Cup sailing." Ellison bought the island from Castle & Cooke, whose owner, David Murdock, is also the majority stock holder in the Dole Food Company. Lana'i once grew 75% of the world's pineapples, according to the Honolulu Advertiser newspaper. According to Castle & Cooke's website, the company employs nearly half of the island's 3,200 residents and was in the process of constructing a solar farm with the goal of making the entire island operate on renewable energy. Ellison, who was No. 6 on Forbes' World billionaires list with a net worth of $36 billion, isn't the only billionaire to buy his own island. Richard Branson owns a private island in the British Virgin Islands. Branson has substantial reason to be envious, however. Ellison's island is more than 1,100 times larger, CNN reported. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |