Larry Ellison Leaves California And Its High Taxes Behind, Moves To His Hawaiian Island | Celebrity Net Worth 2026

Biography & Early Wealth Journey

Ellison is furthering Dole's motto. At the beginning of the pandemic, when many of Lanai's businesses were closed, he committed to paying the full salaries and benefits of Lanai's residents who work at his hotels and businesses. He is the main employer of the 3,200 residents of Lanai. He owns a third of the houses on the island as well as the main grocery store and the monthly newspaper. The island has one school and no stoplights. It is a small, secluded island of just 140 square miles. Ellison also owns the water company, the cemetery, and is negotiating to buy Lanai's electric grid. He also owns Dole Park – the central common square at the heart of the city, and all the buildings around it. He also owns the community center, the town swimming pool, the theatre, the grocery store, two golf courses, the water company, a wastewater treatment plant, and the island's cemetery. He owns 87,000 acres of Lanai's total 90,000 acres.

Photo by Phillip Faraone/Getty Images

Ellison owns the Hotel Lanai, the Four Seasons Resort Lanai, and the Four Seasons Hotel Lanai at Koele, a Sensei Retreat, which are the only three hotels on the island. Of all the properties and businesses on the island, only a handful are not owned by and don't pay rent to Ellison. This includes the gas station, two banks, a credit union, a rental car company, and a café.

Primary Income Streams & Multi-Million Contracts

When Lanai was put up for sale by its former owner, its residents worried that Lanai would sell to multiple owners or that a big resort developer would move in and destroy the character of the island. Rumors swirled fueled by panic. One was that a Russian oligarch would buy the island. Another was that a Sheikh would buy the island. Instead, Larry Ellison did.

Lanai's growth has been limited over the years by a lack of enough water for a larger population. Ellison is building a state-of-the-art desalination plant to produce more freshwater. Ellison hopes to see the island's population grow to 6,000. There has been some talk of flower farms and organic wineries. There are plans for a sustainable fishery using aquaponics and hydroponic to raise not just fish, but also grow fruit and vegetables.

Ellison is bringing better healthcare to the island. There's a bowling alley, a 22-acre film studio, and a residential tennis academy for competitive kids. Ellison is renewing and refreshing every part of not just the island, but life on the island.

Also as a result of his plans, after several years of crippling unemployment, the citizens of Lanai were back at work. Just four months after Ellison's purchase of Lanai, unemployment was down to 1.2 percent.

Real Estate, Luxury Assets & Personal Investments

Ellison, 76, has a net worth of $79 billion and is the latest tech executive to leave California and its high taxes behind. Elon Musk moved to Texas. Doug Merritt, the CEO of Splunk, also moved to Texas.