A Peek Inside The $1 Billion Real Estate Portfolio Of Oracle's Larry Ellison

Publish date: 2024-05-08

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Larry Ellison added to his extensive real estate collection recently with the purchase of an $80 million mansion in North Palm Beach, the third largest oceanfront property in the affluent Florida county. Inside a gated community, the six-acre property has more than 500 feet of ocean frontage. Neighbors include billionaires Robert Smith, David Tepper, and Steve Wynn.

The 15,514-square-foot Tuscan mansion boasts seven bedrooms, eleven bathrooms, a theater, a wine room, and a lawn large enough for a helicopter. In addition, Ellison became the sixth richest individual in the world in terms of a net worth of over $100 billion. The vast majority of his money is related to enterprise software titan Oracle, which he co-founded in 1977 and continues to chair. Additionally, he possesses a stake in Tesla worth over $10 billion.

Today, Oracle is valued at over $200 billion, and Ellison's real estate empire runs from Malibu to Japan. So let’s take a peek inside the $1 billion real estate portfolio of Larry Ellison

Newport Beachfront Enclave

Multiple residences are owned by Ellison in this ultra-luxurious beachfront enclave. Beechwood Mansion on Bellevue Avenue, his most valuable asset, was originally occupied by the Astor family. It was built in 1851, and the Astors acquired it thirty years later. Ellison reportedly purchased the elegant mansion in 2010 for $10.5 million and spent more than $100 million to convert it into a museum. According to legend, the home is haunted.

Lake Tahoe Home

Ellison has many residences in Tahoe, where Warren Buffett, Sammy Davis Jr., Frank Sinatra, and NFL star Aaron Rodgers have formerly resided. According to local accounts, he also purchased the renowned Cal Neva Lodge in Tahoe for $35.8 million out of bankruptcy in 2018. The resort and casino was originally co-owned by Frank Sinatra. In 2014, Ellison sold one of his residences in this city for almost $20 million. It had two piers and six bedrooms, but he chose a larger residence to the north.

Lanai Sanctuary

Larry Ellison's section of this 141-square-mile sanctuary includes Sensei Retreat, a $3,000-per-night spa, and a solar-powered hydroponic greenhouse. There is also a Nobu branch, located within one of the island's two Four Seasons resorts, for those who can't leave without ordering the $195 omakase sushi menu. Bill Gates was married on the 12th hole of a world-class golf course located at one of the resorts. Ellison has invested approximately $500 million in total into his Lanai venture.

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Carbon Beach Home

Ellison apparently purchased the tenth residence here for $48 million in 2017. He controls a large portion of the beachfront. This home is 7,700 square feet in size and features a tennis court and a swimming pool. Lisette and Norman Ackerberg, the former owners, sparked a dispute by erecting walls to keep beachgoers away; following Norman's death, Lisette negotiated with the California Coastal Commission and removed the walls.

Woodside Property

This 23-acre property with an 8,000-square-foot residence was inspired by Japanese imperial architecture. Ellison reportedly invested $200 million to improve the property, maybe to advance his aim of establishing a global network of ultra-luxury home museums. In 2012, he told CNBC that he is planning to establish art institutions that are essentially converted homes. The Woodside property consists of ten structures, a lake, a tea house, and a koi pond.

San Francisco Mansion

This 10,000-square-foot mansion with five bedrooms has been in Ellison's portfolio for decades. Built-in 1958 and designed by William Wurster, the property is estimated to be worth over $20 million. It apparently has notable neighbors on Billionaire's Row, such as Mark Pincus (Zynga) and Jony Ive (Apple).

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Porcupine Creek Estate

Ellison intends to transform a portion of his 246-acre estate into a "six-star" resort for the affluent. In 2011, he purchased the property for $43 million. It features an amphitheater, an 18-hole golf course, and a residence measuring 18,430 square feet. (Ellison, notably, does not play golf.)

Palm Beach Mansion

The most recent acquisition made by Ellison is due to Gabe Hoffman, who created the financial firm Accipiter Capital Management. According to The Wall Street Journal, which first reported the sale, Hoffman paid $17.5 million for the home in 2012. This year, Ellison's transaction is not the largest in Palm Beach. According to the Palm Beach Post, a new mansion on North County Road sold for more than $120 million in February, establishing a record for the region and perhaps the state.

An Overview Of Larry Ellison’s Real Estate Portfolio

Ellison has consistently invested his wealth in real estate, creating a portfolio worth well over $1 billion. The crown jewel of his empire is his ownership of 98% of Hawaii's sixth-largest island, Lanai, which he purchased for $300 million from Dole Food chairman David Murdock in 2012. Lanai, which is only reachable by tiny plane or ferry from Maui, has essentially become Ellison's personal laboratory. Through a capitalist viewpoint, he is engaged in a number of initiatives targeted toward wellness, clean energy, and reinventing the global food system.

Last April, Ellison told Forbes that philanthropy is the epitome of unsustainable. Sustainable is the definition of business. These are lofty goals for the son of a single mother from the Bronx. Ellison did not complete college, and in his early twenties, he worked in California as a river guide and rock-climbing instructor. In 1977, he chose to form a company with programmers Robert Miner and Edward Oates. Now, he is a billionaire enjoying the luxuries of life.

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Sources: Forbes, Business Insider, Barrons

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