UPDATE:It's now being reported that Oracle CEO Larry Ellison has reached an agreement to purchase the Hawaiian island of Lanai.
It's good to be Bill Gates. We all know that. Even with hipsters buying typewriters, Gates' Microsoft continues to funnel mountains of money in his direction ... so much so that he's now rumored to be in the market to buy a Hawaiian island.
As a means of comparison, at my house we're saving up for a new dishwasher. If all goes as planned we may be able to make the purchase by late summer.
But as far as Gates goes, according to reports in the Pacific Business News that were pounced on by MyNorthwest.com, the Microsoft uber-gazillionaire may be considering throwing down some cash to acquire the Hawaiian island of Lanai. Los Angeles billionaire David Murdock is trying to offload the pricey piece of land, and Gates along with Oracle Larry Ellison, according to reports, are the two leading candidates to purchase the privately-owned paradise.
According ot the Pacific Business News story:
The listing price for the island is not being publicly disclosed, but one expert who sells islands for a living told PBN that its price is probably more than $500 million.
That's a lot of dishwashers.
The sixth-largest of the Hawaiian islands by acreage, the state of Hawaii owns two-percent of Lanai, with the rest currently owned by Murdock, who took control of the property in 1985 as a result of his purchase of Castle & Cooke, according to the PBN - which also notes that Gates and his wife, Melinda, rented the island for their marriage in 1994. Ellison, Oracle's co-founder and CEO, has a home on Lanai.
Maui County Mayor Alan Arakawa tells PBN the property could move quickly, with announcement of a sale possible coming "in about a week or so," according to the paper.