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News Every Day |

Oracle billionaire Larry Ellison's real estate portfolio includes properties in Florida, Japan, Hawaii, and more

Palm Beach, Florida.
  • Larry Ellison, Oracle's cofounder and former CEO, has an extensive real estate portfolio.
  • His holdings include multiple homes in California, as well as 98% of the Hawaiian island of Lanai.
  • Here are all the real estate holdings belonging to Ellison, the sixth-richest person in the world.

Larry Ellison, one of the richest people in the world, is joining billionaires like Jeff Bezos in trading the West Coast for the East Coast.

Oracle cofounder Ellison, whose net worth is $196 billion according to Forbes, filed a declaration of domicile with Palm Beach County in May of 2023 at the address "2000 S. Ocean Blvd," in Manalapan, Florida, Palm Beach County documents show. He listed his previous address as a home located in Hawaii on the island he partially owns.

In 2022, Ellison purchased a property in Manalapan, Florida, a coastal town about 10 miles from Palm Beach, for a record-setting $173 million. Now it looks like he'll be spending more time in Florida.

Florida has been the landing spot for a number of wealthy movers seeking to avoid higher taxes in other states. Ellison sold his San Francisco mansion earlier this year for $45 million, according to The San Francisco Standard.

Ellison's real estate portfolio is expansive, stretching from Hawaii and Japan to Florida and Rhode Island. See where else the Oracle cofounder owns property.

Larry Ellison spent $173 million on a 16-acre Palm Beach estate in 2022.
Manalapan, Florida.

Ellison broke a record at the time for the largest residential real estate transaction in Florida.

The property, which is between the Atlantic Ocean and the Intracoastal Waterway, is about a 30-minute drive to Palm Beach, and 20-minute drive to Mar-a-Lago.

Before breaking records in Palm Beach County, Ellison first spent $80 million in North Palm Beach.
North Palm Beach, Florida.

The Oracle founder dropped $80 million on an oceanfront property in 2021, Palm Beach County records show. However, Ellison listed it for $145 million the next year. It has yet to sell.

He also owns a 23-acre estate in Woodside, California. Ellison reportedly spent $200 million on renovating the property.

Ellison first purchased the property in 1995 for $12 million. It reportedly took nine years to design and renovate the Woodside home, and it was completed in 2004. It's said to be modeled after a 16th-century Japanese imperial palace.

Ellison owns several properties in Malibu, California, including some on a stretch of Carbon Beach known as "Billionaire's Beach."
Luxurious beach houses crowd the shoreline hiding Carbon Beach.

The assessed value of 11 of the Malibu properties linked to Ellison over the years is over $180 million, according tax documents viewed by Business Insider.

Since 2002, Ellison has steadily been buying up properties in Malibu. In 2013, he paid $18 million for producer Jerry Bruckheimer's house, and also paid $48 million for a five-bedroom home that once belonged to the late real estate developer Norman Ackenberg.

Ellison added to his real estate portfolio in Malibu in 2018 with a $38 million purchase of a beachfront house from movie producer Joel Silver.

The property has seven bedrooms and eight bathrooms, as well as a detached guest house with another two bedrooms and two bathrooms. Real estate magazine The Real Deal dubbed Ellison "his majesty of Malibu."

On the east coast of the US, Ellison owns properties in ritzy Newport, Rhode Island.

In 2010, he paid $10.5 million for the Beechwood Mansion, an estate he spent more than $100 million on to turn into an art museum. The historic Beechwood Mansion once belonged to the Astor family and was open to the public for tours until Ellison's purchase.

It became an art museum housing Ellison's personal collection of 18th and 19th century European art. There are also at least three other properties near Beechwood Mansion that have been linked to Ellison.

Ellison has a number of properties in Incline Village, Nevada, an affluent neighborhood on Lake Tahoe's north shore favored by billionaires.

The total amount he's spent on properties here is estimated at $102 million. The amenities include a private beach and two private piers, a tennis court, and a pool and spa. At least three properties are owned by limited liability companies with the same California address that has been linked to Ellison.

Ellison reportedly owns a historic garden villa in Kyoto, Japan, said to have been listed for $86 million.

The property is located on the grounds of Nanzen-ji, a Zen Buddhist temple in Kyoto. Ellison told CNBC in 2012 that the property will eventually become a Japanese art museum.

When it comes to his commercial properties, Ellison purchased the historic beachfront Casa Malibu Inn for $20 million in 2007.

He transformed the property into a Japanese concept hotel called Nobu Ryokan Malibu, which opened in April 2017.

To build the 16-room high-end hotel on Carbon Beach, Ellison teamed up with actor Robert De Niro, film producer Meir Teper, and Chef Nobu Matsuhisa, the mastermind behind the Nobu sushi chain.

The hotel is in the style of a ryokan, a traditional Japanese-style inn, with rooms overlooking the ocean that feature soaking tubs. Rooms are available for around $2,300 a night.

Ellison also owns an expensive golf club spanning almost 250 acres in Rancho Mirage, California.

Previously owned by Yellowstone Club founders Tim and Edra Blixseth, the Porcupine Creek golf club includes a main house with a whopping 16 bedrooms, in addition to several separate guest houses. Ellison bought the property for $42.9 million in 2011. It was once his own private golf club, but Sensei Porcupine Creek Club is now open to the public for over $1,000 per night, Golf reported.

The golf publications also reported that it's the most expensive golf club in California.

In Palo Alto, Ellison purchased the Epiphany Hotel for $71.6 million in 2015.

While Ellison still owns the hotel, it's has been managed by Nobu Hospitality since 2017. The hotel was under renovation in 2019, and eventually rebranded as Nobu Palo Alto.

Ellison, an avid tennis fan himself, bought the Malibu Racquet Club for $6.9 million in 2007.
Bill Gates watches a tennis match with Larry Ellison at the BNP Paribas Open 2024.

The facilities have been improved since the purchase with the addition of new tennis courts. Tennis pros Victoria Azarenka and Serena Williams have been spotted here.

The club is incredibly private, and the initiation fee is between $9,000 and $14,000.

Ellison capitalized on his love for tennis in 2009: He bought the Indian Wells Tennis Garden, home to the professional tennis tournament BNP Paribas Open.
Serena Williams playing in the 2018 BNP Paribas Open.

The property is located just outside of Palm Springs, California. Since buying the property and the tournament for $100 million, Ellison transformed the facilities to accommodate for additional courts, bigger stadiums, and more room for attendees. It has an assessed value of over $152 million, according to public records.

In 2004, Ellison paid $17.6 million for a Carbon Beach property that's now home to Nobu.

Nobu is an ultra-trendy chain of Japanese restaurants popular among Hollywood A-listers. Ellison also bought the property right next door, where he opened a Mediterranean restaurant in 2013 called Nikita (named after his girlfriend Nikita Kahn). However, Nikita closed in late 2014, while Nobu Malibu remains successful.

In 2012, Ellison paid a reported $300 million to buy 98% of the Hawaiian island of Lanai.

The island includes 90,000 acres of land, 3,2000 residents, and two Four Seasons resorts. Since purchasing the island, Ellison has bought two airlines, refurbished the island's hotels, and started investing in clean energy sources. He plans to use the island as an experiment for environmentally sound practices.

According to public tax documents, there are over 400 parcels of land owned by Ellison's Lanai Resorts LLC.

One of the two resorts on the island, the Four Seasons Resort Lanai, reopened in February 2016 after a months-long renovation.

The renovated hotel includes a Nobu restaurant and over 200 hotel rooms. The resort has designer boutiques, an "adults-only retreat" with waterfalls, and an 18-hole golf course designed by legendary champion Jack Nicklaus.

In February 2014, Ellison purchased more residential properties near the other Lanai hotel, the Four Seasons Resorts Lanai at Manele Bay. He spent a little more than $41 million on the additional homes. The Four Seasons Resorts Lanai has an assessed value of over $214 million, public records show.

Included in his purchase of the island was the Lana’i Animal Rescue Center, which is reportedly home to about 400 feral cats.

Many of the cats were rescued from the dump and other sites near the Four Seasons, according to a Buzzfeed News feature on the center.

Additional reporting by Madeline Stone.

Read the original article on Business Insider
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