Larry Ellison, the co-founder of Oracle Corporation and consistently ranked as one of the wealthiest individuals globally, is not only known for his technological prowess but also for his extensive real estate portfolio.
With a net worth of $134.1 billion as of writing, Ellison owns a number of breathtaking residences in some of the most sought-after locations. In this article, we're exploring three of the most valuable gems in Ellison's real estate portfolio.
Beechwood Mansion, Newport, Rhode Island
One of Ellison's prized possessions is the historic Beechwood Mansion located in Newport, Rhode Island. Built in 1851, this Gilded Age masterpiece is a testament to grandeur and architectural finesse. The mansion was originally owned by the Astor family before Ellison acquired it in 2010 for a reported $10.5 million.
Since acquiring the property, Ellison spent more than $100 million to renovate it with the aim of turning it into an art museum, per The Providence Journal.
Lake Tahoe
Ellison's love for water extends to his ownership of numerous luxurious properties, and Lake Tahoe is no exception. The Oracle billionaire owns a series of lakefront estates in Tahoe, including the famed Cal Neva Lodge that he bought out of bankruptcy in 2018 for $35.8 million. That resort and casino was originally co-owned by the late Frank Sinatra. He later sold the lodge for $58 million to Denver-based real estate firm McWhinney, per SFist.
In addition to the Cal Neva Lodge, Ellison also owns a number of properties in the upmarket neighborhood of Lake Tahoe's north shore. In 2021, he bought the Hyatt Regency Lake Tahoe Resort, Spa, and Casino for $345 million, according to the Washoe County Recorder's Office. The resort features more than 400 guestrooms, including 190 rooms with queen-sized beds and 24 lakeside cottages with fireplaces.
Lanai, Hawaii
Ellison's connection to Hawaii goes beyond a vacation spot; he owns 98% of Lanai, the sixth-largest Hawaiian island. Acquiring Lanai in 2012 for an estimated $300 million, Ellison transformed the 141-square-mile island into a luxurious paradise.
After acquiring Lanai, Ellison built the Sensei Retreat, which charges $3,000 a night. He has also installed a solar-powered hydroponic greenhouse and a Nobu outpost. In total, Ellison spent about $500 million into the Lanai investment.
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