Larry Ellison Leaves Hawaii, Declares $173M Florida Compound His Official Residence — Minutes From Trump’s Mar-a-Lago

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Oracle (NYSE:ORCL) co-founder Larry Ellison has moved his tax domicile from Hawaii to Florida.

Ellison, who has a reported net worth of $197.5 billion, filed a declaration of domicile in May 2023 in Palm Beach,  designating his $173 million Manalapan estate on Billionaires Row as his primary residence — just 18 minutes south of President Donald Trump’s Mar-a-Lago club, according to Forbes.

Ellison signed the document declaring, “I hereby declare that my above-described residence and abode in the State of Florida constitutes my predominant and principal home, and I intend to continue it permanently as such,” according to Realtor.com.

He had registered to vote in Florida as a nonaffiliated voter a month earlier.

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Ellison’s relocation is more than a change of scenery. It’s a strategic repositioning of his $2.9 billion real estate portfolio.

While he purchased 98% of the Hawaiian island of Lanai in 2012 for $300 million — an investment now valued at $1.2 billion — his focus has begun to tilt toward the East Coast.

The 16-acre Manalapan property, which Ellison acquired in 2022, is in an ultra-exclusive enclave that’s become a haven for industrial titans, including WeatherTech CEO David MacNeil, Realtor.com reported.

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The timing of the residency shift disclosure coincides with a massive power play in the media sector. Paramount Skydance, led by Ellison’s son David Ellison, emerged as the winner in a high-stakes bidding war for Warner Bros. Discovery (NASDAQ:WBD).

The Ellisons secured the deal with an all-cash bid valued at about $111 billion, outmuscling an $82.7 billion offer from Netflix (NASDAQ:NFLX).

Larry Ellison’s involvement was pivotal — he guaranteed $40 billion to solidify Paramount’s position during the takeover attempt.

If regulators approve the merger, the Ellison family will control a media empire that includes Warner Bros. Studios, HBO, CNN, CBS and Paramount.

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According to Realtor.com, Ellison’s real estate holdings beyond the Manalapan estate and the Hawaiian island retreat include:

• Malibu, California: About a dozen properties, including the $48 million oceanfront estate formerly owned by producer Joel Silver.

• Newport, Rhode Island: Four properties, including the historic Astor family mansion that underwent a $100 million renovation.

• San Francisco: A Pacific Heights mansion purchased in 1988 for $3.9 million, now worth nearly triple that amount.

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