Microsoft co-founder Bill Gates is rumored to be in the running for buying the Hawaiian island of Lanai. The island is being put for sale by David Murdock, the owner of the Dole Food Company. Lanai is the sixth largest island in Hawaii. Bill Gates and his wife Melinda chose Lanai as their wedding destination in 1994. The asking price for the island is undisclosed, but it is rumored to be over $500 million. Oracle CEO Larry Ellison is also rumored to be a potential buyer as he has a home on the island. The sale is expected to happen as early as one week from now.