Our lives are too controlled: Residents after Larry Ellison buys Lanai island

After buying Lanai in Maui County, Larry Ellison became the boss and landlord to residents there. “A lot of billionaires have these pet projects, whether they own a sports team, or they're big art collectors. This seems like it's become that kind of thing for him. … It's an island of 3000 people, so it's basically like this little community that he controls, kind of like the game ‘Sims,’” says Sophie Alexander, wealth reporter for Bloomberg News. Photo by Shutterstock.

Oracle’s Larry Ellison bought most of the Hawaiian island of Lanai for $300 million, becoming the boss and landlord to residents. Many ended up struggling financially, and some moved off the island. 

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