Larry Ellison Drops $173 Million on Florida Resort, Becomes Seventh Richest Person
Forbes' Billionaire Rankings Update
In April 2024, Forbes ranked Larry Ellison as the world's fifth richest person with an estimated net worth of $166 billion.
However, a recent acquisition has bumped Ellison down to seventh place on the list.
Eau Palm Beach Resort and Spa Purchase
Ellison recently purchased the Eau Palm Beach Resort and Spa in Manalapan, Florida, for a staggering $277.34 million.
This lavish resort boasts 309 rooms, a world-class spa, and a prime location on the Atlantic Ocean.
Impact on Net Worth
While the price of the resort is substantial, it's unlikely to make a significant dent in Ellison's overall net worth.
With an estimated current worth of $166 billion, Ellison can comfortably afford the purchase without jeopardizing his financial stability.
Reasons for Acquisition
The reasons behind Ellison's acquisition of the Eau Palm Beach Resort and Spa are not publicly known.
However, it's possible that he plans to use the resort as a personal retreat or investment property.
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