Larry Ellison, billionaire founder of Oracle, just paid $37M for Terry Semel’s Malibu Beach house. (Terry Semel is the ex CEO of Yahoo who resigned in 2007)
The latest acquisition is another lavish find added to Ellison’s collection. The Malibu mansion reportedly includes 9 bedrooms, 13.5 baths, 151 feet of beach frontage, a 3-story rotunda, giant outdoor pool, jacuzzi, gazebo, guest house, gym and a screening room.
Since 2005, the Oracle tycoon has spent over $200 million on property along the California coast.
[sources: marisolmalibu.com; independent.co.uk; curbed.com]