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Zanni
on June 6, 2024
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Larry Ellison Owns 98% of Lanai Island, Hawaii
The island of Ni'ihau (Hawaii) is also privately owned:
https://en.wikipedia.org/wiki/Niihau
freilanzer
on June 6, 2024
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That island has an interesting history. I expected the worst, but the owner seems to take great care.
eaenki
on June 6, 2024
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paid in 1864 €200k adjusted for inflation
now prolly worth a billion
damn that’s a x5000 return
Zanni
on June 6, 2024
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Really difficult to estimate it's worth since the owners are determined never to sell or develop. If value can never be realized, is it still value?
toomuchtodo
on June 6, 2024
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It’s priceless. Good humans if they’ve locked it up in perpetuity.
bitxbitxbitcoin
on June 6, 2024
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Ignoring inflation in such calculations is part of how the island owners pull one over on the non island owners.
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