Summary List Placement
Palm Beach has gained yet another billionaire resident.
Oracle cofounder Larry Ellison has paid $80 million for a 15,000-square-foot beachfront mansion in the southeast Florida county, Katherine Clarke reported for The Wall Street Journal.
Ellison, who has an $89.1 billion fortune and is the world’s 10th-richest person, said in December that he had relocated from California to the island he owns in Hawaii. The tech billionaire’s massive real-estate portfolio also includes properties in Malibu, Lake Tahoe, San Francisco, Rhode Island, and Japan.
His newest purchase is the third-largest oceanfront parcel of land in Palm Beach County, according to the listing, which was held by Douglas Elliman. The Tuscan-style estate sits in a gated community and sprawls over more than 15,000 square feet, with 520 feet of ocean frontage. It features a home movie theater, a wine room, a large private pool terrace, and a tennis court.
It’s one of “only a handful of properties in Florida where someone could land and take off in a helicopter from the estate,” according to the listing.
Ellison bought the 7.35-acre property from hedge-fund manager Gabe Hoffman, who put it on the market in June 2020, asking $79.5 million.
With his newest …read more
Source:: Businessinsider – Technology
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