Former Oracle CEO Larry Ellison is no stranger to the real estate market — he’s been called the US’s “most avid trophy-home buyer” and has all but taken over entire neighbourhoods in Malibu and the Lake Tahoe area.
When asked by CNBC in 2012 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, and I have one for modern art, and I have one for 19th century European art, and one for French impressionism,” Ellison said to CNBC. “I’ve got Japanese. I own a home in Kyoto, Japan actually on the temple grounds in Nanzenji that is going to become a Japanese art museum. So, a lot of them are museums.”
Though his 2012 purchase of the Hawaiian island of Lanai has been his largest overall investment by far, he’s made a number of blockbuster purchases over the last two decades.
His home in Woodside, Calif., modelled after a 16th-century Japanese emperor's palace, is worth an estimated $70 million. The 23-acre estate took nine years to design and build, and it was completed in 2004.
He also owns a historic garden villa in Kyoto, Japan, which was reportedly listed for $86 million, though the price he paid is unknown.
One of his Malibu homes, a 2,800-square-foot oceanfront cottage, is available to rent for $65,000 a month this summer.
In 2004, he paid $17.6 million for the parcel that's now home to Nobu Malibu, an ultra-trendy Japanese restaurant popular among Hollywood A-listers. In 2013 he opened a Mediterranean restaurant called Nikita just next door.
He bought the Malibu Racquet Club for $6.9 million in 2007. The facilities have been vastly improved since the purchase, and tennis pros Victoria Azarenka and Serena Williams have been spotted here.
This 2.5-acre home in Snug Harbour, just one of three parcels Ellison owns in Lake Tahoe, sold for $20.35 million in July 2014. He's reportedly working on building another home that's three times the size of this one, with 18,000 square feet of living space in addition to an island, waterfalls, and a tennis court.
Ellison bought Porcupine Creek from Yellowstone Club founders Tim and Edra Blixseth for $42.9 million in 2011. The private golf club, which is located in Rancho Mirage, Calif., includes a main house with a whopping 16 bedrooms, in addition to several separate guest houses.
Ellison raised some eyebrows when in 2012 he paid a reported $500 million to buy 98% of the Hawaiian island of Lanai. Since then, he's 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.
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