Larry Ellison purchased an $80 million mansion in Florida — however he’s tearing it down


Oracle founder Larry Ellison.
Oracle founder Larry Ellison. | Phillip Faraone/Getty Pictures

The Oracle founder moved to Hawaii late final 12 months. He’s not coming again.

Oracle founder Larry Ellison on Monday pushed again on the notion that he could possibly be transferring to Florida after shopping for a mansion there — reaffirming his dedication to the Hawaiian island he owns.

Ellison, one of many wealthiest folks on the earth, informed Oracle workers in an electronic mail considered by Recode that he was tearing down an $80 million, 15,000-square-foot house that he lately bought in Palm Seashore. Ellison stated the report that he had purchased the luxurious house was “true” however that he was “tearing the home down and never transferring to Florida.”

“Final 12 months I moved from California to the island of Lana’i and have become a resident of the State of Hawaii. I find it irresistible right here and don’t have any plans to maneuver again to Florida, Texas, again to California … or anyplace else.”

Amongst Silicon Valley billionaires, Ellison has all the time displayed a specific style for the excessive life. He owns greater than $1 billion in actual property; the Palm Seashore property was described by the Wall Road Journal as “a Tuscan-style property [that] has seven bedrooms, a house theater and a wine room. It additionally features a tennis courtroom and is one in all a handful of properties in Florida the place somebody may land and take off in a helicopter from the property, in line with the itemizing.”

Ellison has been speaking very proactively along with his workers about his whereabouts in the course of the pandemic. Oracle itself has moved its headquarters to Austin, Texas. The Oracle chief then wrote his 135,000 workers in December to inform them that he had relocated to Lana’i, an island he bought virtually all of in 2012.

Ellison outlined for them a number of tasks he has been pursuing on behalf of the native folks in Lana’i, who’re extremely depending on firms tied to the tech billionaire. Ellison is constructing a preschool and low-income housing on the island, he stated, together with making an attempt to develop and export extra produce by his Sensei Farms firm.

“My plan is to proceed to stay and work on Lana’i. Most of my work time will probably be spent Zooming for Oracle. However I may also find time for the various thrilling neighborhood growth tasks right here on Lana’i.”

“I don’t wish to miss something,” he concluded his word.

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