Billionaire Larry Ellison Acquires Luxury Resort In Palm Beach

Lanai, Hawaii - Billionaire Larry Ellison has made headlines once again with his latest real estate acquisition, a Mediterranean-style resort and hotel located in Palm Beach, Florida. The 8-acre Eau resort and hotel at 100 S. Ocean Blvd. boasts impressive amenities, including two swimming pools, a 42,000-square-foot spa, 32,000 square feet of meeting space, and several restaurants.

According to Forbes, Ellison's net worth was estimated to be around $170 billion following the deed's recording on August 13. This makes him the fifth-richest person on the planet. Ellison purchased the resort from the London-based Lewis Trust Group and joins a growing list of high-net-worth individuals who have chosen to acquire luxurious properties in the Palm Beach area.

Notably, Ellison is no stranger to the Hawaiian Islands. In 2012, he bought 98% of the island of Lanai, near Maui... which has since become an ultra-luxe destination for visitors. The billionaire has created an adult-only property, Sensei Lanai, A Four Seasons Resort, which offers an atmosphere that promotes health and wellness through specialized activities, a world-class spa, and dining, including Nobu, a renowned international chain of award-winning restaurants. USA TODAY reported that Ellison's decision to move from San Francisco to Hawaii during the COVID-19 pandemic was largely based on his desire to work from home.

He conveyed this change in plans to his employees in a 2020 email, "stating.".. "I've moved to the state of Hawaii and I'll be using the power of Zoom to work from the island of Lanai," and signing off as "Mahalo." Ellison's acquisition of the Palm Beach resort marks another significant addition to his vast real estate portfolio, which already includes a large residential estate in Manalapan and a majority stake in the island of Lanai.

With his vast resources and influential business acumen, "Ellison continues to shape the luxury real estate market with his strategic investments."

Source: Found here

Larry Ellison, a renowned entrepreneur and billionaire, is the co-founder and CEO of Oracle Corporation. Ellison has made numerous achievements throughout his career, including being one of the pioneers of the database software industry. He has also been a successful investor, with stakes in a variety of companies including Tesla, Salesforce... and Twitter.

• • • •

___ ___

A few days after the deed for the hotel was recorded Aug. 13, Ellison's wealth was estimated by Forbes to be around $170 billion, making him the fifth-richest person on the planet. The 8-acre Eau resort and hotel at 100 S. Ocean Blvd. features two swimming pools, a 42,000-square-foot spa, 32,000 square feet of meeting space and several restaurants.