How Billionaire Larry Ellison Spends His Money: Unusual, Extravagant Homes
The Wall Street Journal's Sarah Tilton and Juliet Chung wrote a fascinating article on how billionaire Larry Ellison, the founder of Oracle, spends his money. Ellison is obsessed with buying residential real estate. He buys home after home after home. They have to be unique and they are spread all over the world. Ellison is the third wealthiest American, according to Forbes. He has a net worth of
$33 billion.
Ellison owns hundreds of millions of dollars
worth of residential property.
He loves unusual properties.
His latest purchase is in Lake
Tahoe: it's a huge estate with 18,000 square feet of living space,
a pond with an island, waterfalls and a tennis court with a pavilion. There is also a writer's cabin.
In San Francisco, he
owns a modest $3.8 million five bedroom
house
in Pacific Heights: he's going to renovate soon.
He also owns a 23 acre
Silicon Valley estate
that is modeled after a Japanese
emperor's 16th century
country residence. After building for
nine years, the home is now
appraised at $70 million.
Ellison owns five adjacent lots in Malibu, California,
and recently purchased a 15 bedroom Italianate mansion in Newport,
Rhode Island, which was formerly owned by the Astor family. That one
he purchased sight unseen.
He also owns an
estate in Rancho Mirage, California that has its own private,
19-hole golf course. We can't even imagine what his property tax bills
and electricity bills are each month. Not to mention the bills for
insurance, security,
groundskeepers and maids. Take a look:
