Larry Ellison Buys More Land on His Hawaiian Island, and Now He Owns Nearly All of Lanai
Larry Ellison is reportedly buying more land on the island that he nearly owns.
Feb. 25, 2014 — -- intro: With the report of nine more home purchased on Lanai in Hawaii, Oracle CEO Lawrence "Larry" Ellison may own more than the 98 percent of the island he bought starting with his famous $500 million deal in 2012.
Since late 2012, Ellison, the CEO of tech giant Oracle, has acquired nine or so more homes near the Four Seasons Resorts Lanai at Manele Bay for more than $41 million, according to The Honolulu Advertiser.
No wonder he bought the airline Island Air, which provides inter-island commuter trips.
What does Ellison's real estate portfolio look like now? Many of his properties are purchased under investment companies that are indirectly connected to him. Let's take a look at some of his homes. You can even own one of them, if you have the considerable cash required. Ellison has at least $4 billion, according to Bloomberg News.
quicklist:title: Malibu, Calif. media: 22649065category:text: In 2012, Ellison bought a beachfront Malibu home from former Yahoo! CEO Terry Semel for $36.9 million. The 10,000 sq. ft. home was built in 1992 and features nine bedrooms, 13 bathrooms and a two-story guesthouse.
quicklist:title: Glenbrook, Nev. media: 22648789category:text: Ellison is trying to unload this 2.6-acre Lake Tahoe estate that was built in 1997. It boasts of 13 bedrooms, 13 bathrooms in two guest residences, plus two piers and two floating docks. There is garage parking for 10 vehicles. It is listed for $28.5 million.
quicklist:title: Woodside, Calif. media: 22655841category:text: Ellison bought this primary residence in Silicon Valley for more than $1.5 million in Feb. 1994 as a four-bedroom, 3.5 bathroom home that spans 5,850 sq. ft.
quicklist:title: Rancho Mirage, Calif. media: 22656114category:text: Around 2011, Ellison bought purchased Porcupine Creek, a 249-acre property with its own 19-hole golf course, for $42.9 million.
quicklist:title: Newport, R.I. media: 22655970category:text: Ellison bought this 39-room oceanfront mansion among the many in Newport, R.I., for $10.5 million in 2010. The lot is more than five acres.
"Beechwood is one of the most prominent estates in the social history of the United States," the listing states.