On Monday, the 11th richest person in the world , Oracle co-Founder Larry Ellison, announced that he has moved out of California, becoming only the latest billionaire to leave Silicon Valley. In his Monday announcement to employee’s, Ellison confirmed that he moved to the island of Lanai in Hawaii permanently. The billionaire owns around 98% of the property on the island and had been building up hotels and residences for years.
“I’ve received a number of inquiries about whether or not I will be moving to Texas,” said Ellison in a memo on Monday. “The answer is no. I’ve moved to the State of Hawaii and I’ll be using the power of Zoom to work from the island of Lanai. Mahalo, Larry.”
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