- Larry Ellison has owned and sold many residences in Lake Tahoe, where stars like Frank Sinatra, Cher, Alanis Morissette and Liza Minelli have lived
- The tech entrepreneur also splurged US$300 million to buy 98 per cent of Hawaii’s Lanai island, which has 2 Four Seasons resorts on it
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.
The 79-year-old Ellison, currently the fourth richest person in the world (up from 10 in 2020), has seen his net worth drastically increase to over US$146 billion in recent years, per Forbes.
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Here are some of the stand-out properties in Ellison’s ever-increasing portfolio.
Newport, Rhode Island
Ellison owns multiple properties in Newport, but his most prized one is undoubtedly his Beechwood Mansion on Bellevue Avenue. The historic house was originally built in 1851 and occupied by the famous Astor family, once among the richest and most prominent families in the US.
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.
Lake Tahoe
Ellison has owned and sold many mansions in Tahoe, which has been home to stars like Sammy Davis Jr, Frank Sinatra, Cher, Alanis Morissette and Liza Minelli, per Tahoe.com.
