Billionaire Spends Millions On Exclusive Property

Larry Ellison Acquires Luxury Resort in Palm Beach

Billionaire Spends Millions on Exclusive Property

Multiple Acquisitions in Prestigious Enclave

In a recent move that reinforces his affinity for Palm Beach's elite real estate market, billionaire Larry Ellison has purchased the esteemed Eau Palm Beach Resort & Spa for a staggering $277.4 million.

This acquisition marks the latest in a series of high-profile purchases by Ellison in the area, adding to his portfolio of luxurious properties in the exclusive enclave.

Acquisition Details:

* Property: Eau Palm Beach Resort & Spa * Location: Manalapan, Florida * Purchase Price: $277.4 million * Acquisition Date: March 13, 2024

The Eau Palm Beach Resort & Spa boasts an impressive array of amenities, including a pristine beach, multiple swimming pools, a championship golf course, and a world-renowned spa.

Ellison's acquisition of this iconic resort further demonstrates his unwavering commitment to investing in the vibrant and thriving Palm Beach area.

Previous Purchases:

* June 2022: Ocean-to-lake compound in Manalapan for $173 million * 2022: 16-acre compound in Manalapan for $173 million

Ellison's repeated investments in Palm Beach real estate highlight his confidence in the area's continued growth and exclusivity, making him a prominent figure in the region's real estate landscape.

As the founder of Oracle, Ellison has amassed a vast fortune, allowing him to indulge in his passion for acquiring exceptional properties in coveted locations.

The acquisition of the Eau Palm Beach Resort & Spa serves as a testament to Ellison's discerning taste and his dedication to building a real estate empire in one of the world's most desirable destinations.