Dole Fruit Founder Sells Last of His Lanai Property to Oracle’s Larry Ellison.

Dole Fruit Founder Sells Last of His Lanai Property to Oracle's Larry Ellison.
Dole Fruit Founder Sells Last of His Lanai Property to Oracle’s Larry Ellison.

If there’s any proof that a diet rich in fruits and vegetables is the key to a long life, it’s former Dole Food owner David Murdock, now 111 years old. When he sold the small Hawaiian island of Lanai to Oracle owner Larry Ellison for $300 million 12 years ago, he did so with one stipulation — that he keep the 1-acre parcel where he built an oceanfront vacation home, hoping to live outside. the rest of his life in paradise on an island that used to be one of the largest pineapple plantations. Murdock has been a pescatarian since 1985, eating a diet rich in fruits and vegetables, drinking several smoothies a day and, according to The New York Times, aiming to live to 125.

Don’t miss:

However, according to The Wall Street Journal, Murdock is now putting the mansion on the market for $16 million. Although the Lanai only has a population of 3,000 per 140 square miles, it equates to exceptional luxury. It has several private estates, a Jack Nicklaus-designed golf course and two Four Seasons hotels designed by Murdock, one of which is adjacent to his 8,500-square-foot home, currently on the market.

Despite his age, Murdock, a self-made billionaire, only used his Lanai home as a vacation home, living in Lake Sherwood, Los Angeles. He started in the design business late in his career in 1985 when he bought Castle & Cooke, a Hawaii real-estate firm that owned Dole and most of Lanai. He took the company private twice in 2003 and 2013.

See also: Commercial real estate once surpassed the stock market, and this platform allows people to invest in real estate for as little as $5,000 offering a 12% fixed yield with a bonus 1% return increase today!

Murdock’s net worth is estimated at 3.7 billion dollars. His story is particularly surprising. After serving in the US Army during World War II, he found himself homeless and poor in Detroit. A good Samaritan loaned him US$1,200, which he used to buy and sell a restaurant. The $700 profit allowed him to start a business as a real estate developer in Arizona. Through Castle & Cooke Holdings, Murdock purchased residential and commercial properties in Arizona, California and Hawaii. He later went into the mining and petrochemical business.

Leave a Comment