How Larry Ellison's son went from trust fund kid to media mogul Los Angeles Times

Table Of Content

• Larry Ellison’s ties to Tesla
• In 1977, Ellison and partners Bob Miner and Ed Oates founded a new company, Software Development Laboratories.
• Photos: Woodside mansion across from home owned by Larry Ellison is for sale for $110 million
• Affordable housing project with 64 units for homeless people opens in downtown San Jose
• Spring Fashion Feature: Proud Hawaiian Model Mahina Florence Inspires Murals
• Newport, Rhode Island

“We prefer to let the community speak for itself,” is all a company spokesperson would say. Murdock had transformed Lanai’s economy in the early 1990s from pineapples to tourism, but he said his investment in the island never got out of the red. “It’s the center of our future,” Ellison said at its health care summit in Nashville on Tuesday. Norman Foster, who created Apple Inc.’s headquarters in Cupertino, Calif., is designing the campus along a river in Nashville, Ellison, Oracle’s chairman, said in a conversation with Bill Frist, a physician and former US Senate majority leader. Additionally, we post on luxury, real estate, and celebrity homes on our Instagram, Twitter, Facebook, Pinterest, TikTok, and YouTube. He also owns Japanese concept hotel Nobu Ryokan Malibu, which opened in April 2017, bought the Malibu Racquet Club for US$6.9 million, and dropped another US$38 million on a beachfront mansion owned by film producer Joel Silver.

Larry Ellison’s ties to Tesla

When Gates got married on Lanai in 1994, he famously booked all the airline flights and hotel rooms in order to have some privacy. Or maybe Ellison was a “prepper,” an end-of-the-world survivalist who needed a safe place to retreat to in the event civilization collapses. Or maybe he just wanted to have a warm, sunny training base for his America’s Cup sailing team. The strong winds and protected waters on the north side of the island do, after all, offer ideal conditions for high-speed sailing. When software billionaire Larry Ellison bought the island of Lanai last summer, he handled his end of the transaction partly through a limited partnership called Octopus Holdings and its corporate partner, Tentacle Corp.

In 1977, Ellison and partners Bob Miner and Ed Oates founded a new company, Software Development Laboratories.

Moreover, the renowned billionaire has magnificent estates in captivating places like Malibu, North Palm Beach, Woodside, San Francisco, etc. Larry Ellison—co-founder of software behemoth Oracle and the sixth wealthiest person in the world according to Forbes magazine—has placed his Tuscan-style North Palm Beach estate on the market for a colossal $145 million. This figure is almost twice the $80 million price he paid for the property back in April of 2021. Inspired by Japanese imperial design, this estate sits on 23 acres and features an 8,000 square-foot home. Ellison reportedly sunk $200 million to upgrade the property, perhaps to advance his vision of creating a network of ultra-luxury home museums around the world. “I’m going to start these art museums that are basically converted homes,” he told CNBC in 2012.

Photos: Woodside mansion across from home owned by Larry Ellison is for sale for $110 million

A Midwestern boy at heart, he was raised in St. Louis and studied journalism at the University of Missouri. Before joining The Times as an intern in 2017, he wrote for the Columbia Missourian and Politico Europe. Tech billionaire Larry Ellison is chasing history in South Florida, listing his prized property in North Palm Beach for $145 million.

Affordable housing project with 64 units for homeless people opens in downtown San Jose

The Buyer of Florida’s Most Expensive Home, a $173 Million Mansion, Has Been Revealed as Oracle’s Larry Ellison - Mansion Global

The Buyer of Florida’s Most Expensive Home, a $173 Million Mansion, Has Been Revealed as Oracle’s Larry Ellison.

Posted: Thu, 23 Jun 2022 07:00:00 GMT [source]

There’s also a Nobu outpost—embedded on one of the island’s two Four Seasons resorts—for those who can’t get away without indulging in a $195 omakase sushi menu. One of the resorts also boasts a world class golf course where Bill Gates got married on the 12th hole. All told, Ellison has sunk roughly $500 million into his Lanai investment. And in 2010, Oracle completed its acquisition of Sun Microsystems, a server company that started at about the same time as Oracle, in 1982. That acquisition gave Oracle lots of key technology, including control over the popular MySQL database.

It has led to a love-hate relationship between the two executives that continues to this day, with the two taking shots at each other in the press. When Benioff found out that Ellison had Oracle working on a direct competitor to Salesforce's product, he tried to force his mentor to quit Salesforce's board. Instead, Ellison forced Benioff to fire him — meaning Ellison kept his shares in Salesforce. In 1999, Ellison's protégé, Marc Benioff, left Oracle to work on a new startup called Salesforce.com. Ellison was an early investor, putting $2 million into his friend's new venture.

Share this article:

Pristine private island hideaways owned by billionaires loveproperty.com - lovePROPERTY

Pristine private island hideaways owned by billionaires loveproperty.com.

Posted: Wed, 24 Jan 2024 08:00:00 GMT [source]

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. 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.

Newport, Rhode Island

A regular presence on the list of the 10 richest people in the world, Larry Ellison has long been owning million-dollar homes worthy of his billionaire status. Larry Ellison owns the third priciest home ever sold in the U.S. -- and Florida's most expensive house -- as well as other million-dollar homes and his own private island in Hawaii. Ellison’s 246-acre estate is slated to become a “six-star” resort for the ultrarich, with an amphitheater, an 18-hole golf course and an 18,430-square-foot home. Among Ellison’s most well-publicized stock purchases, he invested heavily in his billionaire friend Elon Musk’s Tesla and joined the company’s board in 2018. This month, Tesla reported that Ellison would be stepping down from the board.

Ellison owns homes on the East and West coasts as part of a multi-billion-dollar real estate portfolio.

As of 2013[update] Oracle's main competition for new database licenses on UNIX, Linux, and Windows operating systems comes from IBM's DB2 and from Microsoft SQL Server. Ellison’s love for turning historic homes into museums extends to Japan’s temples. He bought a historic garden villa located on the grounds of a Zen Buddhist temple that dates back to 1386.

The property is also well-landscaped with an amphitheater-style lawn along with olive trees, flower gardens and a private hiking trail. If you work from home, steps away is a 1,500-square-foot office space with a conference room. Also on the grounds is a 1,000-square-foot fitness center with a hair salon and a massage room. The fitness center is adjacent to the yoga terrace, pool, spa and outdoor kitchen.

Here are some of the stand-out properties in Ellison’s ever-increasing portfolio. 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. The hotel is in the style of a ryokan, a traditional Japanese-style inn, with rooms overlooking the ocean that feature soaking tubs. With extra space comes extra security; it’s hidden behind two sets of gates in Seminole Landing, an exclusive enclave with just 65 homes. After Ellison announced in December that he'd be moving Oracle's headquarters from Redwood Shores, California, to Austin, Texas, he got questions from employees about whether he was also moving to Austin, Recode reported. Chris Leavitt, Ashley McIntosh, and Tonja Garamella of Douglas Elliman handled the transaction and declined to comment on the deal.

Catz has made a reputation for herself among analysts for what they describe as brilliant business strategy. All of those new dot-com companies needed databases, and Oracle was there to sell them. Although investors lost out in the dot-com crash, Oracle came out of it stronger due to its acquisitions and the demand for software solutions. Given that Salesforce is now a $267 billion company, Ellison personally profits even when his competitors do well.

The Woodside property includes 10 buildings, a lake, tea house and koi pond. Oracle makes most of its money on database, financial, and cloud infrastructure software but has targeted the health care industry for future growth. Ellison, the world’s 10th richest person, agreed to buy electronic health records company Cerner for $28 billion in 2021.

PALM BEACH, Fla. – Billionaire Larry Ellison, who was recently ranked by Forbes as the world’s eighth-richest person, dropped $173 million of his fortune to buy a Florida compound in Manalapan, a wealthy town south of Palm Beach. Today Oracle is worth more than $200 billion, and Ellison’s lucrative real estate portfolio stretches from Malibu to Japan. Ellison and Trump remained close during Trump's time in office and reportedly spoke on the phone about possible coronavirus treatments. Trump also supported Oracle's bid to buy TikTok, calling Oracle a "great company." Back in 1998, Ellison had made a $125 million investment in ex-Oracle exec Evan Goldberg's startup business-management software firm, NetSuite. It ended up working out well for Ellison when NetSuite CEO Zach Nelson negotiated the sale of the company to Oracle for $9.3 billion, netting Ellison a cool $3.5 billion in cash for his stake.

Ellison also has houses in Palm Beach, Florida and more in a multibillion-dollar real estate portfolio. Naturally, Lanaians developed theories as to why Ellison bought their island. Maybe he wanted to one-up Bill Gates, his software rival, two notches above him on the richest-person-in-the-world list.