Larry already owned a large portion of the island which he will increase to 98% of the 141^2 miles of island and gain 3200 subjects.
The island of Lanai hosts 2 holiday resorts, 50 miles of coastline and a rugged interior.
No definite figure on the cost, but one of neighboring island Maui's newspapers had previously valued the sale at between $500 million and $600 million.
At least Richard Branson's Island is private
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