Tuesday, June 26, 2012

When Yacht Racing and Car Collecting Get Boring

There comes a point in every millionaire’s life when racing yachts, collecting jets and cars, and owning professional sports teams becomes, well—dull. Boring. Average. So what do you do then? 

Well, there’s a lot of different answers, from finding a spouse thirty years younger, to chartering a flight to space. But one millionaire, or rather billionaire, Larry Ellison, had a different solution to remedy his pedestrian life. He bought a private Hawaiin island, or at least 98% of it. 

But first, let’s look at his life prior to this exciting $500 million purchase. Larry Ellison recently won the America’s Cup sailing race. It cost him $100 to buy and man a worthy yacht for the race. He beat out another billionaire, Ernesto Bertarelli, for first place. He also owns many planes and cars. Some of the highlights include a McLaren F1 and an Italian Marchetti jet plane. He also used to own a ‘mega-yacht’ that leaned more to the side of luxury cruise ship. This yacht had a wine cellar, theater, and even a basketball court and cost over $300 million. 

What I’m trying to say is that Larry Ellison’s millionaire lifestyle was a dull one. There were many just like it. But now, Ellison has added prestige to his reputation as a tycoon.  With the purchase of this $500 million private island adds a special air of megalomaniac power and stature. Owning a big house is one thing, but owning an entire island is something completely different. There can be no richer neighbors, nor even any neighbors Ellison doesn’t like. It’s just Ellison, his money, and his cars. But what do you get when a private island becomes boring

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