Oracle’s Larry Ellison Says He Has Moved to Hawaii, Fleeing California

Good riddance.

[quote] with some pointing to the state’s high taxes

I am quite sure it is rough getting by on only $75 billion.

A small island in a volcanically active area, with an ever rising sea level. What could go wrong?

So much for corporate social responsibility. These people really don't give a fuck about everyday people.

Get the fuck off OUR lanai, Larry!

[quote] A small island in a volcanically active area, with an ever rising sea level. What could go wrong?

At 76 years of age I doubt Larry is worried about global warming.

Thanks, Gavin!

You lost another company.

Everyone should be liberal and pay their taxes... unless you are rich of course. I shall tell everyone else how accepting they should be from behind the wall of my gated community, and the only people of color that we let in are rich and use white people words and know their place. But there shouldn't be a wall between Mexico and the USA that's inhumane, oh but I'm not paying taxes to help those people either or the working class that will have to deal with the social unrest, no no, I will just fly off to Hawaii or New Zealand or some other place that will have me, until my virtue signaling backfires again and I have to move to another place. I hear Russia will have a lot of fertile land in a couple of decades... maybe I should invest.

r8, Ellison is a right-wing Trump lover.

Try again.

He travels by private jet, doubt he's overly worried about climate change.

These fucks weren't paying their taxes in California anyway. Who honestly cares where they park, they still hide their excessive wealth overseas.

He’s 76 so he doesn’t really give a fuck let alone how much more money he can save or make for the duration of his life. So he goes to pretty much a paradise on earth and moves his company headquarters to a state that’s offering free blow jobs to businesses. From a purely business perspective it’s not unexpected. He is a pretentious bastard though, he’d built this huge Japanese estate in Woodside a few years back. It was made from genuine Japanese materials plus more, it was like he imagined himself living the Shogunate lifestyle.

He thinks his taxes will be *lower* in Hawaii!?

With that wealth, there is no concern about taxes. He owns one of the Paradise islands. I'd move there too if the other option was Texas !

Why does he need $75 billion dollars? Is he charitable? Why do people hoard money like this? I could see a few billion or even someone who had hundreds of millions of dollars. But $75 billion really is excessive wealth.

That kind of money doesn't even work for you anymore. It's literally just sitting there being accumulated in perpetuity and doing nothing to help society. That kind of wealth is insane to me.

Oprahs wealth is fine, but Ellison, Bezos, and Gates! It just insane hoarded wealth that I don't understand why anyone would need that kind of money.

When the billionaire hedge funder David Tepper left New Jersey for Miami Beach in 2015, he left a a crater in New Jersey’s budget that experts estimate was upwards of $100 million annually. (Interestingly enough, Tepper recently moved back home to the Garden State.) A whopping 80% of New York City’s income tax revenue, according to one estimate, comes from the 17% of its residents who earn more than $100,000 per year. If just 5% of those folks decided to move away, it would cost the city almost one billion ($933 million) in lost tax revenue.

"Ellison, 76, who has a net worth of about $75 billion, according to data compiled by Bloomberg, owns 98% of Lanai, Hawaii’s sixth largest island that’s mostly made up of Ellison’s luxury hotels and resorts."

Obscene.

[quote] I don't understand why anyone would need that kind of money.

They WORKED for it, EARNED it. Need doesn't factor in.

Oprah is no different to Ellison, Gates and Bezos. She doesn't "need" her obscene wealth either.

You don't "earn" $75B.

And Oprah has given a ton away. Your slip is showing, Dee Plorable.

It's obscene that one person should have $75 billion.

[quote]And Oprah has given a ton away.

So have Ellison, Bezos and Gates R19. But you’d have to remove your racist blinkers to notice.

I bet there's not a decent-sized hospital on the island. He's 76, so he'd probably have to go to one of the other islands with a major medical emergency. Hmmmm.

Odd, he still has his mega estate with a golf course just outside of Palm Springs.

Ellison did donate $200 million to USC's cancer center a few years ago. I had a friend who worked for Oracle: it definitely isn't one of the "fun" tech companies -- he said almost everyone he worked with was looking for another job.

It's more of a political statement than a financial one, he'll probably still spend most of his time in California and lol at lower Hawaii taxes.

I'm guessing the natives must be thrilled that a shitty, useless, tech billionaires can buy the land they've been promised (a promise undelivered) since the 60s.

R18 why don't you take some time to crawl out of the ass of these useless grifters. No one does 75 billion worth of work, not even if they never slept. Especially not the tech field, with dumb shit that's basically a website, like Facebook, or Oracle. It's not like they are a Henry Ford. They get wealthy off the internet, that was PUBLICALLY FUNDED to develop, but then want as little in taxes as possible 🙄

I'd love to know your definition of what "earning" means too -- in what way did he "earn" that obscene amount? Nope, no one is worth that much, unless they are single handedly curing diseases, reversing aging, raising the dead, creating time travel, or single handedly reversing environmental damage (by creating non polluting fossil fuels out of thin air, or regrowing the iceburgs.) I hope you get the point.

Stop worshipping overindulgence and gluttonous wealth. People like you help in dragging us back to the dark ages, where a handful of people felt entitled to ruling over everyone else and hoarding excessive wealth. The types of pieces of shit, that make that wealth using us all, only to say a big fuck you when they're asked to give a little back to society.

r18, what's your net worth? A few million maybe? Let's be generous and say you're worth $7M.

That means Larry Ellison has worked [bold]ten thousand times[/bold] harder than you have.

Which means you are a lazy good-for-nothing slob.

Right?

Sad world we live in.

[quote] That means Larry Ellison has worked ten thousand times harder than you have.

It doesn't mean any such thing.

The fact that his wealth has increased exponentially because of the stock market, does not translate AT ALL to "how hard he works."

Dumbass.

R27 THANK YOU. I'm always lost for words when people defend the very types that are destroying life for everyone else. These wealthy scumbags are parasites, but R18 wants us to thank a tick for sucking our blood.

This elite cheapslate scumbag is worth 75 billion from online data storage 🙄 and buying stolen land promised back to its people. I'm not impressed with him coming up with something I managed fine with enough memory, especially piggybacking off the internet we all paid for to create. I guess I'm also supposed to be impressed by someone wealthy making even money by putting hotels in a tropical paradise 🙄 .... you know, such a hardworker apparently.

Those people employed on the island would've been way better off getting their land back to develop themselves, instead of working under the thumb of some cheap old bastard crying about taxes.

If he owns the island and its resorts so most of the residents work for him, isn't that feudalism?

An amount as outrageous as $75 billion should not be in the hands of one person. I know in America that's akin to Communism to even think that, but whatever.

BFD

He owns like 99% of Lanai. He is the overlord returning to his serfs.

R29 now you're getting it. We're commenting on how that's the root of the problem, but you keep insisting he EARNED it as if he toiled with his bare hands. Thank you for admitting this kind of wealth is not from working, but from a system that rewards quite the opposite.

[quote] If he owns the island and its resorts so most of the residents work for him, isn't that feudalism?

He hasn't done shit for the island.

Everyone there is out of work.

There are two resorts on the island, where pretty much everyone was employed. They're both now closed due to Covid.

So now the entire island is unemployed.

And he hasn't done a thing for them.

They don't even have a hospital, to my knowledge.

Lanai (Hawaiian: Lānaʻi, Hawaiian: is the sixth-largest of the Hawaiian Islands and the smallest publicly accessible inhabited island in the chain. It is colloquially known as the Pineapple Island because of its past as an island-wide pineapple plantation. The island's only settlement of note is the small town of Lanai City. As of 2012, the island was 98% owned by Larry Ellison, founder and chairman of Oracle Corporation, with the remaining 2% owned by the state of Hawaii and privately owned homes.

There is one school, Lanai High and Elementary School, serving the entire island from kindergarten through 12th grade. There is also one hospital, Lanai Community Hospital, with 24 beds, and a community health center providing primary care, dental, behavioral health and selected specialty services in Lanai City. There are no traffic lights on the island.

In June 2012, Larry Ellison, then CEO of Oracle Corporation, purchased Castle & Cooke's 98 percent share of the island for $300 million. The state and individual homeowners own the remaining 2 percent, which includes the harbor and the private homes where the 3,000 inhabitants live. Ellison, who believes renewable energy must be cost-competitive with fossil fuels in order to be viable, stated intentions to invest as much as $500 million to improve the island's infrastructure and create an environmentally-friendly agricultural industry.

As of 2016, Ellison had spent an estimated $450 million to remodel his Four Seasons Resort Lanai at Manele Bay, which reopened in April 2016 after a seven-month shutdown. In Lanai City he built a new water filtration system and a resort-style Olympic-size public pool. He also refurbished the historic movie theater built in the 1920s but mostly shut since the 1970s, turning it into a state-of-the art movie house. His second Four Seasons Resort at Kōʻele in the mountains is currently being renovated. Ellison has also started a solar-powered hydroponic farming venture, Sensei, which has two 20,000 square foot computer-monitored greenhouses and plans to build four more.

As of February 10, 2020, Ellison is in negotiations to purchase the diesel-powered utility assets of the island in order to build out a sustainable ecosystem powered by solar power and batteries. However it was reported in May 2020 that while plans to transition from using fossil fuels to renewable resources continue the talks by Ellison's company to acquire the utility had ended.

Sounds like Ellison hasn't done jack shit for the island, except build a pool and restore a movie theater.

Big WHOOP.

R35 exactly. No skin of his balls if the people he is using don't benefit from his presence. Afterall, he "earned it" in the bs, crooked stockmarket (that we've had to bail out too many times).

There needs to be limits at this point. Every day wealth disparity continues to grow because a handful of people were very lucky, or very crooked. I am appalled at anyone defending them to do the very least they could, by paying a little more in taxes.

They spunge off areas, using their laws, their infrastructure, their workers, only to leave areas screwed, because god forbid they give a little back. Don't worry though, they'll do the same to the states that took these parasites in.

What's funny about Ellison, is that he's so fucking cheap.

Even the Dole Corporation which owned the island at one point, did more for the people who lived there, than Ellison ever did.

Sure, it was a "pineapple plantation" island, but the people there had steady jobs and benefits.

Imagine that a big corporation would be a better steward of the island, than some cheap fuck Billionaire KING.

In your very own words, r18 / r29:

[quote]They WORKED for it, EARNED it.

So Larry Ellison has worked for, and therefore earned, 10,000 times more than you.

Loser.

R36 oh boy, he developed things the tourists will find more attractive... using desirable land anyone could've made attractive to visit.

Hand me an island, in a high demand area, with gorgeous weather, and watch how successful I could be. Seriously though, it could've been rented for camping, festivals, or tours, and still made profit.

We're at a place in time, where making money from having it, isn't rocket science. The tech wealth is especially ridiculous with how much exploitation is involved. Too many have made fortunes off selling our information alone; something made possible by them using their wealth to lobby for little regulation.

Yet, after making money off using our info (and everything else available) they fight against a higher tax rate 🙄 Or if they're like Gates, they stick their nose in places it doesn't belong, like public education, so they can fuck up more of our lives.

[quote] Ellison, who believes renewable energy must be cost-competitive with fossil fuels in order to be viable, stated intentions to invest as much as $500 million to improve the island's infrastructure and create an environmentally-friendly agricultural industry.

[quote] As of 2016, Ellison had spent an estimated $450 million to remodel his Four Seasons Resort Lanai at Manele Bay

Interesting.

So he made a promise to invest $500,000,000 to improve the island's infrastructure, but clearly he didn't do it. Otherwise, the article would have mentioned it.

He DID however, invest nearly that much on improving HIS OWN property.

What a lying dickwad.

And the water treatment plant he built, was probably to benefit his hotel(s).

Ellison's "Four Seasons Sensei Resort."

The truth is 99% of the rich cunts are cheap fucks!

They tip like shit, sometimes nothing! Michael jordan, tiger woods, nba players, etc the list is too long

Ellison's "Four Seasons Lanai Resort at Manele Bay."

Ellison has two kids in the movie business as producers who are very capable of spending huge sums of money. David is a producer for Top Gun and Mission Impossible, and Megan has done Zero Dark Thirty, Phantom Thread, American Hustle.

Oh cute, a billionaire gets to play king with an island, what a putz

Shit like that should be illegal r47.

He sounds more like a Bond villain.

R44 Is a Racist fucking Cunt!

this land is your land

this land is my land

Well, no one can say Oprah didn't work for her money because she did. She hosted her talk show for 25 years and she still doesn't have Ellison money. But that's because she doesn't own a tech conglomerate, but works in media.

I guess $3 Billion is about right for hosting the #1 talk show in daytime television for nearly three decades. I say she earned hers because it took her longer to achieve billionaire status, unlike those tech guys.

Oprah worked for everything she had, nobody did her any favors when she was working her way up in the news business. She's also given millions and millions of her own money away to good causes. There is no comparison between her and a total asshole like Ellison.

R8 mocks liberals but probably supports rich Republicans like Trump who pay nothing in taxes

🙄 - I find this emoji so fucking cute!

Ellison is one of the most talented businessmen ever. He has also had a lot of pain and struggle throughout his life. Despite that, he has a good heart, which is hard to encounter in Tech industry. At a time when gay men were oppressed beyond belief, they identified with his struggles and he theirs.