Larry Ellison, the witty chief executive of software giant, Oracle, has never failed to grab headlines. Be it his comments on business rival, SAP, or topping the "World's most Richest" charts, he has always done it with flair.
However, this time, the sixties-something tech mogul has set the property market abuzz as he has reportedly purchased another home along the coastline of Carbon Beach in Malibu, adding to his growing real estate portfolio in the area.
According to the Los Angeles Times, Ellison has spent something in the range of $200-$270 million on more than a dozen properties in Malibu through nine separate transactions over the last ten years. His latest purchase is a two-story, white stucco building in a gated, private compound on Carbon Beach.
Apart from the two story mansion, his other purchases include a wooded property near Franciscan Friars in the gated community of Serra Retreat, an inland tennis club, a coastal restaurant and the Casa Malibu Inn.
This is not the first time Ellison has splurged on property. Sometime back in 2012, Ellison purchased 98 percent of the Hawaiian islands of Lanai for $500 million. The deal involved 88,000 acres of land, two golf courses, two resorts, a stable and many commercial and residential buildings in the area.
In an interview with CNBC, Ellison explains his love for land and buildings.
"When I was a kid, the first thing I ever wanted to be was an architect. So I love building houses, remodeling houses, designing houses, converting houses."
And apparently buying and selling houses as well!
More recently, Ellison listed his 2.62 acre estate on Lake Tahoe shores for around $28.5 million, which he had purchased in three separate transactions over three years.
