Thursday, December 20, 2012

How does Larry Ellison feel about investing in Real Estate these days?

How does Larry Ellison feel about investing in Real Estate these days?
Larry Ellison the head of Oracle Corporation, who according to Forbes is ranked the third wealthiest person in the U.S. with about $41 billion in net worth, also known as a real estate trophy hunter is buying another property in Carbon Beach area of Malibu.  He already owns many properties in Malibu but this will be his 10th residential purchase along the sands of the Billionaires’ Beach. He also spent about $500 million to purchase nearly 98% of the Lanai Island in Hawaii earlier this year. Do you think he has already found the answer while others are still waiting?











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