Juliet Chung on Lunch Break looks at how software billionaire Larry Ellison, perhaps the nation's most avid trophy-home buyer, has taken serial property buying to new extremes. His latest target: Lake Tahoe.
The Nation's Most Avid Trophy-Home Buyer? -- Wall Street Journal
How the software billionaire has taken serial property buying to new extremes.
One of the nation's most voracious consumers of trophy real estate is back on the hunt.
Since the mid-1990s, software billionaire Larry Ellison has accumulated hundreds of millions of dollars worth of top-shelf properties around the world. The portfolio of Oracle Corp.'s co-founder includes five adjacent lots in Malibu, Calif.; a Newport, R.I., mansion formerly owned by the Astor family; a historic garden property in Kyoto and an estate in Rancho Mirage, Calif., with a private, 19-hole golf course.
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My Comment: Wow .... talk about nice homes. He is buying them for investment purposes .... not for living.
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