When Did Ellison Buy Lanai?

In June 2012, Ellison bought Lanai for an estimated US$300 million. Before Ellison's purchase, the island was owned by billionaire Dole chairman David Murdock, who had reportedly been asking for US$1 billion for the island.

When did Dole sell Lanai?

High labor and land costs led to a decline in Hawaii pineapple production in the 1980s, with Dole phasing out its pineapple operations on Lanai in 1992.

How much of Lanai does Ellison own?

Ellison owns almost the entirety of Lanai: He purchased nearly 98% of the island in 2012 for a reported $300 million — his purchase included 87,000 of the island's 90,000 acres of land.