Billionaire Oracle co-founder Larry Ellison has traded the Pacific for the Atlantic, shifting his primary residence from Hawaii to his $173 million estate in Palm Beach County, FL, sitting only a few miles from President Donald Trump‘s Mar-a-Lago club.
The 81-year-old Ellison—whose $189.9 billion net worth makes him the world’s seventh-richest person, according to Forbes’ real-time ranking—made the switch in spring 2023, but it was not revealed until now.
Ellison, Oracle’s chief technology officer and controlling shareholder of Paramount Skydance, in May 2023 filed a “Declaration of Domicile” document with Palm Beach County, officially moving his primary residence from Lanai, HI—the island he bought almost in its entirety in 2012—to his massive estate located on Billionaires Row in Manalapan, FL.
“I hereby declare that my above-described residence and abode in the State of Florida constitutes my predominant and principal home, and I intend to continue it permanently as such,” reads the document reviewed by Realtor.com® and first reported by Forbes.
Less than two weeks earlier, Ellison registered to vote in Florida, listing his Manalapan address but no party affiliation, according to the Florida Department of State’s online voter records.
The ultraexclusive, high-privacy enclave situated on a barrier island between the Atlantic Ocean and the Intracoastal Waterway, Manalapan is home to a “who’s who” of business tycoons and captains of industry, including WeatherTech founder and CEO David F. MacNeil and wealth management expert Robert Fessler.
Ellison’s Florida home base—a 16-acre oceanside property he purchased in 2022 for a record-setting $173 million—is located just an 18-minute drive from Trump’s Mar-a-Lago property, nicknamed the “Winter White House.”
The Ellisons’ Paramount beats Netflix in bidding war
Although the tech billionaire has never directly donated to Trump’s presidential campaigns, the two have been increasingly aligned.
Ellison and his son, David Ellison, who heads Paramount Skydance, on Wednesday scored a major victory in a high-stakes, monthslong bidding war to acquire Warner Bros. Discovery (WBD) after submitting an all-cash bid valued at nearly $111 billion ($31 per share).
The offer also increased the termination fee to $7 billion, which represents the amount Paramount would pay if the deal falls through.
Netflix, which has been vying for control of WBD’s studio and streaming businesses and previously offered $82.7 billion, refused to counter Paramount’s superior bid, stating that the deal was no longer “financially attractive.”
Paramount Skydance had launched a hostile takeover attempt after WBD accepted Netflix’s bid in December. Seeking to bolster Paramount’s position, Larry Ellison even agreed to personally guarantee $40.4 billion.
“We are pleased WBD’s board has unanimously affirmed the superior value of our offer, which delivers to WBD shareholders superior value, certainty and speed to closing,” David Ellison, Paramount’s CEO, said in a statement before Netflix had bowed out.
If approved by domestic and foreign regulators, the merger would place Warner Bros. Studio, HBO, CNN, and other cable networks under the Ellisons’ Paramount Skydance umbrella.
The father and son’s expanding media empire already includes CBS, a network that has trended noticeably toward a Trump-friendly stance since the beginning of his second term in the White House.
The shift reflects the Ellisons’ well-known rapport with the president. Larry said in 2020 that he supported Trump and wanted him “to do well,” and last year he attended an event at the White House launching the $500 billion Stargate AI infrastructure project that aims to build data centers across the U.S.
Oracle billionaire’s real estate empire revealed
Complementing his media and business interests, Larry Ellison oversees a formidable real estate portfolio now valued at an estimated $2.9 billion.
His investments include about a dozen properties in Malibu, CA, including Hollywood producer Joel Silver’s $38 million beach house and another oceanfront estate he reportedly bought for $48 million.
Elsewhere in the Golden State, Ellison owns a mansion in San Francisco’s affluent Pacific Heights neighborhood, which he was said to have purchased in 1988 for $3.9 million. The home’s value has since nearly tripled.
Forbes reported that he has additional real estate interests in California’s Redwood City and Woodside.
Across the Pacific Ocean in Hawaii, Ellison in 2012 reportedly bought 87,000 of the 90,000 acres of land that make up the small island of Lanai for $300 million—a purchase that included two hotels.
Since the purchase, Ellison has revitalized the island’s resorts and launched a high-tech hydroponic farming venture. According to Forbes, his Lanai holdings have appreciated significantly, with the island now valued at over $1.2 billion—roughly four times his original investment.
In Florida, Ellison paid $80 million in 2021 for a premium waterfront estate in a gated community with 24/7 security, the third-largest transaction of its kind in Palm Beach County. Just one year later, he dropped $173 million on the sprawling Manalapan estate.
Ellison also reportedly owns four properties in Newport, RI, including the celebrated Astor family’s former Gilded Age mansion that he was said to have renovated to the tune of $100 million.
