Feeds

Larry Ellison forks out over $200m to slurp up sexy Malibu strip

Neighbours not wanted at coveted 'Billionaire's Beach'

Top 5 reasons to deploy VMware with Tegile

Billionaire Oracle chief Larry Ellison has added to his impressively opulent property portfolio with an entire strip of houses on the so-called "Billionaire's Beach" in Malibu.

Ellison has made sure that he won't have any problems with noisy - or nosy - neighbours by buying a string of properties on Carbon Beach, along with: a wooded estate near Franciscan monks in the gated Serra Retreat; an inland tennis club; the Casa Malibu Inn; and a coastal restaurant, the LA Times reported.

The Oracle tycoon has spent around $200m to $250m on the Malibu purchases over the last decade, according to public records, and could be hiding more behind limited liability firms.

With around $43bn tucked away in the bank, the spending spree has hardly been excessive for Ellison and he does seem to enjoy spending his billions on property.

Ellison already owns a number of estates and houses in Northern California and Lake Tahoe, a mansion with a golf course and, oh, his own Hawaiian island Lanai. As you do.

Malibu was an attractive location to buy up properties for his portfolio as an investment, according to Ellison's real estate agent.

"There are only so many seats in the front row," Kurt Rappaport, co-founder of Westside Estate Agency, said.

"If you take the best section and the most prime property, that's inherently a great investment. That's what Larry recognised and sees." ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.