Larry Ellison owns dozens of millions of real estate in the world and 98% of Lanai Island in Hawaii.
Larry Ellison, the founder of Oracle software, is not an unfamiliar name for the real estate market. He is called “America’s most enthusiastic home buyer” and has owned almost the entire area around Malibu and Lake Tahoe.
Although the purchase of Lanai Island in the Hawaiian Islands in 2012 was his biggest investment so far, the 7th richest billionaire in the world has had a lot of big deals about real estate in the past two decades.
In 1988 Ellison paid $ 3.9 million for a home in Pacific Heights in San Francisco. This is a technology-intensive region, like Mark Pincus, Jony Ive or Trevor Traina. Some newspapers at the time said Ellison was planning to buy an adjacent house for $40 million. However, this deal did not take place.
This is his home in Woodside, California, modeled on the 16th-century Japanese palace. Its value is estimated at about $ 70 million. This house took 9 years to design and build, before finishing in 2004.
He also owns an old garden house in Kyoto (Japan), with a listed price of $ 86 million. Even so, the Ellison price was not disclosed. Ellison also owns more than 20 houses in Malibu, California. There are at least 10 apartments at the beach with many billionaires – Carbon Beach. In 2013, he paid $ 18 million to buy the film maker’s home – Jerry Bruckheimer. In April this year, he was thought to spend $48 million for a 5-bedroom apartment.
In 2004, he bought a piece of land for $ 17.6 million, which is now the place where the Japanese restaurant – Nobu Malibu is famous for Hollywood stars. In 2013, he opened a nearby Mediterranean restaurant but closed afterward.
Ellison also collaborated with Robert De Niro and several other producers to turn Casa Malibu Inn into a Japanese-style hotel, which opened in April. He bought this property in 2007 for $ 20 million. The rooms here are priced from 1,100 USD per night.
Ellison bought the Malibu Racquet Club for $6.9 million in 2007. The facility was later significantly renovated and became the home of many famous tennis athletes such as Victoria Azarenka and Serena Williams. He also owns a 10,000-square-foot house located in Snug Harbor, Lake Tahoe, which was purchased for $ 20.35 million in July 2014. He is said to own two other apartments here and is building another apartment with an area of 3 times this unit.
In 2010, he paid $ 10.5 million to buy Beechwood Villa in Newport, Rhode Island. Ellison was supposed to turn this into an art museum, to house his collection. Ellison bought Porcupine Creek in 2011 for nearly $43 million. This property is located in Rancho Mirage, California, consisting of the main house with 16 bedrooms, and several separate guest houses.
In 2012, he surprised the whole world by spending $ 300 million to buy 98% of Lanai Island in Hawaii. Since then, the billionaire has bought two more airlines, renovated hotels on the island and invested in clean energy production. In February 2014, Ellison was supposed to buy another 21 residential properties near Four Seasons Resorts Lanai at Manele Bay for over $ 41 million.
Last month, Ellison’s Lawrence Investments was also supposed to buy a resort in Lake Tahoe for $ 35.8 million called Cal-Neva Resort and Casino.