Traffic laws apply to everyone – even the extremely wealthy. That includes billionaire Larry Ellison, who recently got ticketed while driving a C8 Corvette on the Hawaiian island of Lanai.
Per a recent report from Hawaii News Now, Ellison was stopped on Manele Road around 6:30 p.m. local time last October. Body camera footage shows Ellison in a C8 Corvette Stingray Convertible painted in what appears to be Amplify Orange Tintcoat paint (paint code G48).
Ellison’s face is blurred out as the Maui County police officer approaches the vehicle from the passenger’s side. The officer informs Ellison that he was pulled over for running a stop sign and speeding.
Ellison responds that he was on his way home for dinner with his kids, but adds “there’s no excuse. There’s no good excuse.”
After the officer requests he hand over his license and registration, Ellison looks around the vehicle for a few minutes before telling the officer he doesn’t have his driver’s license on him. The report goes on to state that Ellison did not challenge the traffic citation.
Ellison is co-founder, executive chairman, CTO, and former CEO at Oracle Corporation, one of the biggest software companies in the world. Just last week, the Bloomberg Billionaires Index listed Ellison as the seventh-wealthiest person in the world, with an estimated fortune of $98.6 billion.
In 2012, it was announced that Ellison signed an agreement with Castle and Cooke company, owned by David H. Murdock, to buy most of the island of Lanai, the sixth-largest Hawaiian island. The purchase gave Ellison a 98-percent ownership of the island. In 2020, Ellison left California to live in Lanai.
Per the Hawaii News Now report, Ellison’s company was recently accused of using a gate to block local access to Hulopo’e Beach Park near his Four Seasons resort.