Monday, July 2, 2012

You, too, can be like Larry Ellison and buy your own island

By Lou Carlozo

CHICAGO (Reuters) - You don't have to be Larry Ellison to own an island.

You may not have the $500 million to $600 million it probably cost the Oracle CEO, one of the world's richest men, to buy Hawaii's sixth-largest island, Lanai, recently.

But call a friendly island broker and you'll find that around the globe, there are hundreds of rocky, sandy, grassy or coral islands on sale at any time. They can be everything from idyllic to uninhabitable, within spitting distance of a major city or many hundreds of miles from anything, with their own airport or inaccessible by anything but a canoe.

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