Larry Ellison, former CEO of Oracle, has quite a vast real estate portfolio. His eccentric taste has earned him the reputation of “the nation’s leading trophy-home buyer.” He explains his love of art has influenced many of his purchasing decisions. One of his goals is to convert old homes into art museums. He already started this project by purchasing a home in Kyoto, Japan on the temple grounds in Nanzenji.
Over the last 20 years, he has made a few mind-blowing real estate transactions. To date, his largest investment came in 2012 as he paid approximately $500 million to buy 98 percent of the Hawaiian island of Lanai. Although the average home buyer could not touch these incredible properties, it is fun to get a glance at how the rich and famous live. It also serves as inspiration for smaller-scale design ideas.
One of Ellison’s favorite places to buy is Malibu, California. It is believed this mogul owns up to 24 properties in the area. One of his most modest purchases is his oceanfront cottage. For $65,000 a month, anyone can rent this four-bedroom gem. The open concept living room overlooks its 70-foot span of private beach, and the deck is an oasis for soaking up the sun.
Even though it is impossible for the average person to buy such lavish properties, Ellison serves as an example that an individual should invest in real estate that speaks to personal interests. With a small amount of vision, anyone can turn a piece of coal into a diamond.