|(Image from Business Insider)|
In 2012 he bought 98% of the island of Lanai. Not being content with owning the two Four Seasons hotels that came with the $300 million purchase, Mr. Ellison bought the 10-room Hotel Lanai in 2014 and now owns every hotel room on the island.
In 2015 he paid $71.6 million for Palo Alto's 86-room Epiphany Hotel.
Earlier this month "Oracle Corp. has purchased the 476-room Marriott Hotel in San Mateo for $132 million, in part to use for training its direct-sales staff."
These property purchases may seem staggeringly large, but they constitute only one percent (1%) of Larry Ellison's estimated $50 billion fortune.
Let me tell you about the very rich. They are different from you and me.
--F. Scott Fitzgerald