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Larry Ellison bought an $80 million mansion in Florida — but he’s tearing it down

Oracle founder Larry Ellison on Monday pushed again on the notion that he may very well be shifting to Florida after shopping for a mansion there — reaffirming his dedication to the Hawaiian island he owns.

Ellison, one of many wealthiest folks in the world, advised Oracle workers in an electronic mail seen by Recode that he was tearing down an $80 million, 15,000-square-foot residence that he lately bought in Palm Beach. Ellison mentioned the report that he had bought the luxurious residence was “true” but that he was “tearing the house down and not moving to Florida.”

“Last year I moved from California to the island of Lana’i and became a resident of the State of Hawaii. I love it here and have no plans to move back to Florida, Texas, back to California … or anywhere else.”

Ellison has been speaking very proactively together with his workers about his whereabouts through the pandemic. The Oracle chief final wrote his 135,000 workers in December to inform them that he had relocated to Lana’i, an island he bought virtually all of a number of years in the past.

Ellison outlined for them a number of initiatives he has been pursuing on behalf of the native folks in Lana’i, who appear extremely depending on Ellison. He is constructing a preschool and low-income housing on the island, he mentioned, together with making an attempt to develop and export extra produce by means of his Sensei Farms firm.

“My plan is to continue to live and work on Lana’i. Most of my work time will be spent Zooming for Oracle. But I will also make time for the many exciting community development projects here on Lana’i.”

“I don’t want to miss anything,” he concluded his word.

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Monday, May 17, 2021
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