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The ascent of David Ellison, the Top Gun billionaire buying up Hollywood
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The ascent of David Ellison, the Top Gun billionaire trying to buy up Hollywood
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Oracle billionaire Larry Ellison plans to tear down his $80 million Palm Beach mansion.
He told employees that he became a resident of Hawaii last year and has no plans to move back.
Ellison owns 98% of the island of Lanai, Hawaii s smallest inhabited island.
Larry Ellison is staying in Hawaii full time and knocking down the $80 million Palm Beach mansion he just bought.
The Oracle billionaire sent an email to employees this week explaining his future plans after reports surfaced that he had purchased a 15,000-square-foot home in South Florida. Ellison confirmed that he had purchased the mansion, but that he s tearing the house down and not moving to Florida, according to Recode s Theodore Schleifer.
Inside Larry Ellisonâs $1 Billion Real Estate Portfolio
Jamel Toppin/The Forbes Collection
Serial trophy home buyer Larry Ellison has added another prize to his vast real estate collection after purchasing an $80 million mansion in North Palm Beach this week, the third largest oceanfront home in the posh Florida county. The six-acre propertyâinside a gated communityâboasts more than 500 feet of ocean frontage in a neighborhood that includes fellow billionaires Robert Smith, David Tepper and Steve Wynn. The 15,514-square-foot Tuscan home has seven bedrooms, 11 bathrooms, a theater, wine room, and a lawn big enough to accommodate a helicopter.
Ellison, 76, became the worldâs sixth $100 billion person this week. The majority of his fortune is tied to enterprise software giant Oracle, which he cofounded in 1977 and still chairs. He also holds a stake in Tesla worth more than $10 billion.
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