Larry Ellison has been called " the nation's most avid trophy-home buyer."
Now the Oracle CEO has snatched up another home on Carbon Beach in Malibu, making it the 10th property he owns in the area, nicknamed "Billionaire's Beach," according to The Los Angeles Times.
He purchased the home from TV producer Jerry Bruckheimer for a yet-to-be-revealed price. He already owned the homes on either side of Bruckheimer.
Ellison, 68, has quite an impressive real estate portfolio. This year alone he's purchased two Malibu homes and an island in Hawaii for a rumored $600 million. He also owns homes in Woodside, Calif. Newport, RI, and Kyoto, Japan.
Ellison is third on Forbes' 400 List, with a net worth of $41 billion.
Ellison bought this property in Woodside, Calif. for $12 million in 1995. The home is modeled after a 16th century Japanese emperor's residence. It sits on 23 acres of land and is now worth an estimated $70 million.
Source: The WSJ and The San Francisco Chronicle
Larry Ellison bought 2850 Broadway in the San Francisco Bay Area in 1998 for $3.9 million. In 2011, Ellison sued his neighbors, claiming their redwoods were blocking his bay views.
Source: The San Francisco Chronicle
It was rumored that Ellison planned to spend $40 million on the house next door for a better view, but the sale never happened.
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