Monday, May 6, 2013
Oracle Founder Larry Ellison's Latest Investment: Malibu Real Estate
In the latest Silicon-Valley-tech-mogul-buys-into-SoCal story, it looks like Oracle founder Larry Ellison has been making some big investments in Southern California--in the real estate area. The LA Times said this weekend that Ellison has spent an estimated $200M to $250M acquiring at least nine properties in Malibu. It's unclear what Ellison plans to do with property. Ellison is no stranger to property purchases: lsat summer, he acquired the entire Hawaiian island of Lanai. Many of the technology world's rich and famous have been dabbling in Southern California real estate, including Cameron and Tyler Winklevoss and Elon Musk (though now arguably as much as Southern California as Silicon Valley mogul).