-
Larry Ellison, co-founder and former CEO of Oracle, has an extensive real estate portfolio.
-
His assets include several homes in California, as well as 98% of the Hawaiian island of Lanai.
-
Here you can see all of the real estate holdings of Ellison, the fifth richest person in the world.
Oracle co-founder 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 worth more than $1 billion, Ellison is no stranger to the real estate market.
And it looks like he’s not done yet. 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 bought more houses than he could actually live in, Ellison cited his love of art.
“I’m going to start art museums that are basically converted houses,” 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 has been named “the nation’s most enthusiastic trophy home buyer” by the Wall Street Journal. Below are all the homes and properties owned by the Oracle co-founder.
Larry Ellison bought this $3.9 million home in San Francisco’s posh Pacific Heights neighborhood in 1988, more than 10 years after founding Oracle.
Ellison owns a 10,000-square-foot mansion designed by architect William Wurster, with four stories and five bedrooms. The Pacific Heights neighborhood is known as “Billionaire’s Row” and is also home to other tech moguls such as Zynga founder Mark Pincus, Apple designer Jony Ive and Yelp CEO Jeremy Stoppelman.
Several news outlets reported that Ellison planned to buy the house next door for $40 million so he could cut down his neighbor’s trees that were blocking the view of his home. However, the sale fell through.
He also owns a 23-acre estate in Woodside, California. Ellison reportedly spent $200 million renovating the property.
Ellison purchased the property in 1995 for $12 million. The Woodside house reportedly took nine years to design and renovate, and was completed in 2004. It is said to have been modeled after a 16th-century Japanese imperial palace.
Ellison owns several properties in Malibu, California, including several on a stretch of Carbon Beach known as “Billionaire’s Beach.”
The appraised value of 11 of the Malibu properties linked to Ellison over the years has totaled more than $180 million, according to tax documents seen by Business Insider.
Since 2002, Ellison has been steadily buying up properties in Malibu. In 2013, he paid $18 million for producer Jerry Bruckheimer’s home and $48 million for a five-bedroom house that once belonged to the late real estate developer Norman Ackenberg.
Ellison expanded his Malibu real estate portfolio in 2018 with the purchase of a beachfront home from film producer Joel Silver for $38 million.
The property has seven bedrooms and eight bathrooms, plus a detached guesthouse with two more bedrooms and two bathrooms. Real estate magazine The Real Deal called Ellison “his majesty of Malibu.”
On the East Coast of the US, Ellison owns real estate in posh Newport, Rhode Island.
In 2010, he paid $10.5 million for the Beechwood Mansion, an estate on which he spent more than $100 million converting it into an art museum. The historic Beechwood Mansion once belonged to the Astor family and was open to the public for tours until Ellison bought it.
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 are linked to Ellison.
Ellison owns a number of properties in Incline Village, Nevada, an affluent neighborhood on Lake Tahoe’s north shore that is popular with billionaires.
The total amount he has spent on properties here is estimated at $102 million. Amenities include a private beach and two private piers, a tennis court, and a pool and spa. At least three of the properties are owned by limited liability companies with the same California address as Ellison.
Ellison is said to own a historic garden villa in Kyoto, Japan, which is reportedly for sale 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.
As for his commercial properties, Ellison purchased the historic beachfront Casa Malibu Inn in 2007 for $20 million.
He transformed the property into a Japanese concept hotel called Nobu Ryokan Malibu, which opened in April 2017.
To build the 16-room luxury hotel on Carbon Beach, Ellison teamed up with actor Robert De Niro, film producer Meir Teper and chef Nobu Matsuhisa, the brains behind the Nobu sushi chain.
The hotel is in the style of a ryokan, a traditional Japanese inn, with rooms overlooking the ocean and featuring bathtubs. Rooms are available for around $2,300 per night.
Ellison also owns a 600-acre golf club in Rancho Mirage, California.
The Porcupine Creek Golf Club, formerly owned by Yellowstone Club founders Tim and Edra Blixseth, includes a main house with a whopping 16 bedrooms, along with several separate guest houses. Ellison purchased the property in 2011 for $42.9 million. It was once his own private golf club, but Sensei Porcupine Creek Club is now open to the public for more than $1,000 a night, Golf reported.
Golf magazines also reported that it is the most expensive golf club in California.
In Palo Alto, Ellison purchased the Epiphany Hotel in 2015 for $71.6 million.
While Ellison still owns the hotel, it has been managed by Nobu Hospitality since 2017. The hotel was renovated in 2019 and eventually renamed Nobu Palo Alto.
Ellison, a huge tennis fan himself, purchased the Malibu Racquet Club in 2007 for $6.9 million.
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 very private and the entry fee ranges from $9,000 to $14,000.
In 2009, Ellison turned his love of tennis to purchase the Indian Wells Tennis Garden, home to the BNP Paribas Open professional tennis tournament.
The property is located just outside of Palm Springs, California. Since Ellison purchased the property and the tournament for $100 million, he has transformed the facilities to accommodate additional courts, larger stadiums and more space for competitors. According to public records, it has an estimated value of more than $152 million.
In 2004, Ellison paid $17.6 million for a Carbon Beach estate that is now home to Nobu.
Nobu is an ultra-trendy Japanese restaurant chain popular with Hollywood A-listers. Ellison also bought the building next door, where he opened a Mediterranean restaurant called Nikita (named after his girlfriend Nikita Kahn) in 2013. Nikita closed in late 2014, while Nobu Malibu continues to thrive.
In 2012, Ellison reportedly paid $300 million to purchase 98% of the Hawaiian island of Lanai.
The island encompasses 90,000 acres of land, 32,000 residents and two Four Seasons resorts. Since purchasing the island, Ellison has bought two airlines, renovated the island’s hotels and begun investing in clean energy sources. He plans to use the island as an experiment in environmentally friendly practices.
According to public tax records, more than 400 parcels of land are owned by Ellison’s Lanai Resorts LLC.
One of the island’s two resorts, the Four Seasons Resort Lanai, reopened in February 2016 after months of renovation.
The renovated hotel includes a Nobu restaurant and more than 200 guest rooms. The resort features 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 properties near his other Lanai hotel, the Four Seasons Resorts Lanai in Manele Bay. He spent just over $41 million on the additional properties. The Four Seasons Resorts Lanai has an estimated value of more than $214 million, according to public records.
The purchase of the island also included the Lana’i Animal Rescue Center, which is reportedly home to about 400 feral cats.
According to a Buzzfeed News article about the center, many of the cats were rescued from the dump and other areas near the Four Seasons Hotel.
Additional reporting by Madeline Stone.
Read the original article on Business Insider