The purchase includes a pair of swanky resorts, a couple of golf courses, two club houses, and around 88,000 acres of stunning Hawaii real estate. The exact pricing hasn’t been revealed, but the speculation leads us to belief that it’s going to set him back between $500 and $600 million dollars.
As of now it sounds like business—and life—is as usual for both residents of the island and visitors; however, we’re not sure if the sale will mean any changes in the future on the island. It sounds like the former owner was loosing as much as $10 million per year in costs, so hopefully Ellison and the new ownership will be a little bit more successful with their investment. We’re just jealous we don’t have billions in the bank, Hawaii real estate in our personal portfolio, and have to worry about losing money in our personal slice of paradise.