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Larry Ellison to Tear Down $80 Million Palm Beach Mansion, Stay in Hawaii

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. ....

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Inside Larry Ellison's $1 Billion Real Estate Portfolio

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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See inside Larry Ellison's Hawaiian island wellness retreat, a $1,200-per-night luxury spa where guests track their health data and learn how to live longer lives

Guests who visit Ellison's Sensei Retreat, located in Lanai, Hawaii, are offered a customizable wellness experience. ....

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Larry Ellison Leaves California And It's High Taxes Behind, Moves To His Hawaiian Island

Larry Ellison bought 98% of the Hawaiian island of Lanai in 2010. Now, he s leaving his posh California estate behind and moving to Hawaii. He is making his primary residence on Lanai now, making him the latest tech executive to leave the golden state. He notified his employees of his move last week. His announcement followed the recent news that Oracle is moving its headquarters to Austin, Texas. The company has been headquartered in Silicon Valley since its founding in 1977. Many assumed that Ellison would be moving to Texas with Oracle. In a memo to Oracle employees, he said: I ve moved to the state of Hawaii and I ll be using the power of Zoom to work from the island of Lanai. Mahalo, Larry. ....

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