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The metro area has for decades though pitched itself as a health care hub and middle Tennessee is now home to 900 health care companies, according to the Nashville Health Care Council, a group created about 30 years ago to promote the industry. Last year, Ellison dropped a record-breaking US$173 million on a Florida compound in Manalapan, a wealthy town near Palm Beach. The transaction of the ocean-to-lake estate marked the most expensive residential sale ever in Florida. Built in 1958 and designed by William Wurster, Ellison’s 10,000 sq ft, five-bedroom home in San Francisco is valued at over US$20 million, per Forbes.
Larry Ellison is not the property’s first famous owner
Since 2012, Larry Ellison owns about 98% of the entire island of Lanai, the sixth-largest of the Hawaiian Islands. Back in 2009, Ellison spent the summer in Newport, Rhode Island, training with his BMW Oracle Racing team, when he fell in love with the property. The Beechwood Mansion (which was once owned by the ultra-wealthy Astor family), is a Gilded Age mansion which dates back to the 1850s. Unsurprisingly, his vast fortune bought him a whole series of sprawling properties and mansions. And since Clark didn’t make any significant changes to the Gemini mansion during his ownership, we can rely on past listing information to give you all the deets on this magnificent estate. They then tried to sell it for $195 million, a price point that made the Gemini mansion the most expensive listing in the U.S. at the time, but that failed to attract any interested buyers.
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He reportedly spent around US$200 million to renovate the property into a Japanese paradise, per Forbes. The tech mogul bought the former Ziff family estate in an off-market deal from fellow billionaire Jim Clark, who paid a ‘mere’ $94.2 million for the ocean-to-lake mansion just last year. Ellison co-founded Oracle Corp. with two partners in Santa Clara, California, in 1977. Today, the software powerhouse bills itself as the world’s largest database-management company. Ellison spent 37 years as CEO and still holds the titles of chairman and chief technology officer at the company, which is headquartered in Austin, Texas.
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Although his 2012 purchase of the Hawaiian island of Lanai has been his largest overall investment by far, he's made a number of blockbuster purchases over the last two decades in Silicon Valley, Lake Tahoe, and even Japan. Farhad Farman of Compass, who’s overseeing strategic marketing for the listing, said that since the buyer pool is so exclusive, the marketing will be extremely personalized with direct outreach to potential buyers around the world. The listing also notes that the Palm Beach estate is one of "only a handful of properties in Florida where someone could land and take off in a helicopter from the estate." Ellison’s ownership brought major changes to the island, and turned it from a quiet tropical oasis into a common destination for the world’s elite, with the billionaire’s friends often stopping by for visits by yacht or private jet.
In 2009, the billionaire purchased the Indian Wells tennis tournament for a reported $100 million, according to The Los Angeles Times. Now, he has a net worth of roughly $146 billion, according to Forbes, after racking up $50 billion in gains thanks to Oracle and Tesla stock. Lanai Resorts declined to speak to HONOLULU Magazine about Ellison’s plans for the island.
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On February 14, 2010, Ellison's yacht USA 17 won the second race (in the best of three "deed of gift" series) of the 33rd America's Cup, after winning the first race two days earlier. Securing a historic victory, Ellison and his BMW Oracle team became the first challengers to win a "deed of gift" match. In 2018, he also bought the famous Cal Neva Lodge in Tahoe for US$35.8 million to save it from bankruptcy. As per Ellison’s appreciation for historic properties, the resort and casino was originally co-owned by the late and great Sinatra. Additionally, Larry Ellison has properties in Malibu and owns the entire Hawaiian island of Lanai. “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.
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His trophy estate in North Palm Beach offers an almost unprecedented amount of space along the ocean with 563 feet of water frontage. At 6.5 acres, it’s the largest oceanfront property currently on the market in South Florida. Please note that some of the above images date back to 2017 when the Manalapan mansion was listed for sale with the D’Angelo/Liguori team with Premier Estate Properties. This article was initially published in February 2017, covering news of the ultra-luxurious property being publicly listed for sale. It was recently updated to reflect the current state of the property and to identify Larry Ellison as the new owner of the Gemini mansion and to include information on the billionaire’s other homes.
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The estate also came complete with a golf practice area, basketball court, tennis court, a freshwater pond, a miniature golf course, bird sanctuary, boat dock and even a butterfly garden, per USA Today. Ellison bought the property for US$10.5 million in 2010 and spent over US$100 million converting it into an art museum since then, according to the Newport Daily News. After the purchase, Ellison also bought three surrounding properties on Newport’s Bellevue Avenue, according to Business Insider. Known as America’s “most avid trophy-home buyer”, Oracle’s billionaire co-founder Larry Ellison is certainly no stranger to the property market and has consistently invested in it over the years. Snapping up everything from mega mansions and hotels to temples and whole islands, Ellison now owns a property portfolio worth well over US$1 billion. In June, the Oracle founder had purchased an even larger estate, spanning 63,000 square feet in the nearby Manalapan area for a hefty $173 million from internet entrepreneur Jim Clark.
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Carbon Beach, Malibu
The 79-year-old started his first software company in 1977, and decades later he's still one of the top dogs in Silicon Valley despite living in Hawaii full time. He's among the top five richest people in the world, according to Forbes. Strictly speaking, Ellison doesn’t own the entire island of Lanai—just 98 percent of it. Thanks to a hard-fought union battle in the 1950s, most of the homes in Lanai City are on fee-simple land, rather than leasehold land.
“If he thinks he owns the electric company, he probably will someday,” said John Ornellas, a local tour guide. When Murdock put the island up for sale in 2011, he declared that the financial drain and the ill-will had become intolerable. “This is the poorest financial investment I’ve made in my entire life,” he groused to Lanai Today. It was Murdock who had closed the pool seven years earlier as one of many cost-saving measures implemented during the end of his reign, a period of economic struggle on the island.
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Together, the main residence and several outbuildings offer nearly 85,000 square feet of living space, inside and out, with 33 bedrooms, 34 bathrooms and 13 powder rooms. Ellison and his sister grew up with their mother on a horse farm in Woodside, in the San Francisco Bay Area. Their father owned multiple properties, including an 8,100-square-foot home nearby, modeled after a 16th century Japanese emperor’s palace. In April 2024, the exec announced that Oracle has plans for a "huge campus" in Nashville that will one day serve as the software giant's world headquarters.
Former Oracle CEO Larry Ellison is no stranger to the real estate market — he’s been called “the nation’s most avid trophy-home buyer” and has all but taken over entire neighborhoods in Malibu and the Lake Tahoe area. “The property was originally purchased with the intention of building something special and another opportunity presented itself which allowed for him to utilize the property immediately,” a source familiar with the listing told The Post. It comprises four separate buildings including a two-story main residence, a spa/salon, a guest house, and an office structure. Each building touts retractable glass walls, limestone and French oak floors as well as Italian marble features. Ellison also bought the property right next door, where he opened a Mediterranean restaurant in 2013 called Nikita (named after his girlfriend Nikita Kahn). However, Nikita closed in late 2014, while Nobu Malibu remains successful.
But he’s been bold and aggressive and built a solid production company in Skydance,” one industry executive said of Ellison. Skydance’s current stakeholders include the Ellison family, private equity firms RedBird Capital Partners and KKR and Chinese conglomerate Tencent Holdings. Despite the shareholder opposition, Ellison remains confident that his deal will prevail, although it’s likely negotiations will continue beyond the 30-day period, said a source familiar with negotiations who was not authorized to comment. "It's the center of the industry we're most concerned about, which is the healthcare industry," Ellison said at the Oracle Health Summit in Nashville, according to CNBC.
Ellison was pouring money into cosmetic improvements, but for the first three months after the purchase he revealed nothing about his long-term plans for the island. Ellison’s tentacles were all over Murdock’s bad investment right from the start, and they held hammers and paintbrushes and chainsaws. The pool turned out to be the kickoff for a comprehensive campaign to upgrade, renovate and generally spiff up the island. Larry Ellison plans to make Nashville the world headquarters for Oracle Corp., only a few years after relocating the tech giant from Silicon Valley to Austin.
His Japanese Style home in Woodside, Calif., modeled after a 16th-century Japanese emperor’s palace, is worth an estimated $70 million. The 23-acre estate took nine years to design and build, and it was completed in 2004. Ellison — whom Forbes lists at the sixth-richest person in the world with a net worth of $110 billion — collects prized real estate like kids collect baseball cards. He’s been the most active in Malibu, where he spent the last few decades scooping up dozens of oceanfront homes in Carbon Beach and beyond, racking up a tab that has soared into the hundreds of millions. Larry Ellison, the billionaire founder of software company Oracle, has always invested his riches in trophy homes. Meanwhile, Matusumoto and his team of Lanai Resorts vice presidents has continued meeting with the community, rolling out details of Ellison’s development plans and soliciting feedback.
He also partly financed the BMW Oracle USA sailing team, which won the America's Cup in 2010, according to Bloomberg. With Ellison as Oracle's major shareholder, his millions kept rolling in. He started to indulge in some expensive hobbies — including yacht racing. These restaurants and cafés hold themselves to a higher eco-standard that make deciding where to eat for ocean-minded people an easy decision. Not willing to change her identity to be part of the industry, Mahina Florence is at the height of her career because of her flawless Hawaiian complexion, strong athletic build, and friendly aloha spirit.
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