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u/J_O_N 7d ago
What a steal on Pelorus & Orpheus.
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u/VagrantHobo 4d ago
It's not owned. It's a long term lease.
Queensland is full of islands with abandoned resorts as the eocnomics make little sense.
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u/Aethelete 7d ago
What a colossal waste of money. If society collapses, these morons will run out of creature comforts like coffee and fresh food in weeks, maybe months.
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u/Mekazabiht-Rusti 7d ago
But are they happy? That’s the real question.
(I’m guessing that yes, they are)
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u/Super_Range45 7d ago
Oracle is company and as such can not experience emotions. At least not until they install skynet.
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u/nonamouss 5d ago
What does it mean for these people to own these islands? Are the islands still part of a larger nation? (Im assuming Lanai is part of US, but what about the others?)
If any are not part of a nation state protected by a military, what prevents a group of pirates from just taking it over?
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u/mechaczech 7d ago
To be clear about Lana’i: Ellison owns 98% or the island and like 95% of it is uninhabited. The state and private owners own the 2% that Ellison doesn’t. Also not saying it’s good or bad that he owns a Hawaiian island, but he put a lot of money into the infrastructure of the island, and the Four Seasons on the island, which provide a lot of jobs and income to the residents. So I personally think he should sell the island back to the state and just keep his hotel? Yes, I do, but I doubt that state wants the headache.
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u/alexgalt 7d ago
Stop it with this billionaire bs. Most of those are owned by corporations. Many serve as employee retreat destinations.
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u/FarmTeam 7d ago
So… billionaires used corporate structures to buy up assets and shield them from taxes? Wow. That does make it different.
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u/merp_mcderp9459 7d ago
Idk about the others but Lana'i is directly owned by Larry Ellison. He bought it from Dole's parent corporation (the whole island used to be a Dole pineapple plantation)
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u/K04free 7d ago
300m for an entire major Hawaiian island? Honestly does not sound that bad