economie

Oracle billionaire Larry Ellison’s incredible real estate portfolio includes properties in Silicon Valley, Japan, Hawaii, and more

September 1, 20240
Larry Ellison is the cofounder and CTO of Oracle.

Fred Prouser/Reuters; Barbara Kraft

  • 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 fifth-richest person in the world.

Oracle cofounder Larry Ellison is the fifth-richest person in the world, with a net worth of more than $169 billion, according to Forbes. With a portfolio valued at over $1 billion, Ellison is no stranger to the real estate market.

And it looks like he’s not done adding to it. In August, the billionaire paid an undisclosed price for the Eau Palm Beach Resort & Spa — a 309-room resort. His empire includes a mix of residential properties, resorts, and almost an entire Hawaiian island.

When once asked why he would buy more homes than he could possibly live in, Ellison referenced his love of art. 

“I’m going to start these art museums that are basically converted homes,” Ellison told CNBC in 2012. “I have one for modern art, and I have one for 19th-century European art and one for French impressionism.”

He’s been dubbed the “nation’s most avid trophy-home buyer” by the Wall Street Journal, so here are all the houses and properties belonging to the cofounder of Oracle.

Larry Ellison bought this $3.9 million home in San Francisco’s swanky Pacific Heights neighborhood in 1988, more than 10 years after founding Oracle.
Woodside from the air.

Bing Maps

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.”
Ellison’s house (not pictured) is located on Carbon Beach.

Damian Dovarganes/AP

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.
Incline Village is a popular vacation destination for the wealthy.

YouTube

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.
Like other properties owned by Ellison, the Casa Malibu Inn was remodeled in a Japanese style.

Barbara Kraft

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.
The Epiphany Hotel rebranded to become a Nobu property.

Sundry Photography/Shutterstock

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.
Serena Williams playing in the 2018 BNP Paribas Open.

AP Photo/Crystal Chatham

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.
Ellison owns almost the entire island of Lanai.

Andre Seale/VW PICS/Universal Images Group via Getty Images; Noah Berger/Reuters

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.
His Hawaii purchase made him a landlord to 400 cats.

OhanaFilmsMaui/Youtube

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

https://www.businessinsider.com/larry-ellison-real-estate-2015-4