Billionaire Oracle CEO Larry Ellison now owns nine houses on Malibu’s Carbon Beach after just purchasing former Yahoo chief executive Terry Semel’s Malibu compound for $36.9 million.
The sale was the most expensive so far this year in Malibu and the home features a three-quarter-acre lot with three structures. The main house is entered through a three-story rotunda crowned by a skylight and includes circular windows and a copper-roofed screening pavilion that doubles as a family den. There is also a two-story guesthouse for a total of nine bedrooms, 13 bathrooms and 10,317 square feet of living space. There is a gazebo for outdoor dining by the swimming pool and a lawn that stretches along the 151 feet of beach frontage.
Ellison, 68, is ranked as the third wealthiest person in the U.S. by Forbes with a net worth of $41 billion as of September. He recently made an estimated $500-million deal this year to buy 98% of the Hawaiian island of Lanai. In addition to the Carbon Beach houses, Ellison owns commercial property along the sand that includes Nobu Malibu restaurant.
Built in 1992, Ellison’s new home was designed by Michael Graves and is described as “jewel on Carbon Beach.”
There are approximately 70 private houses on the stretch and among the neighbors in the billionaire’s enclave are entertainment mogul David Geffen and former Dodgers Chief Executive Jamie McCourt.