Larry Ellison purchases Eau Palm Beach Resort & Spa

SOURCE finance.yahoo.com
Larry Ellison, the co-founder of Oracle Corp., has purchased the Eau Palm Beach Resort & Spa in Manalapan, adding to his extensive real estate holdings. Ellison, the seventh-richest person in the world, has a net worth exceeding $143 billion.

Key Points

  • Ellison's purchase adds to his already extensive real estate portfolio
  • The Eau Palm Beach Resort & Spa has a rich history dating back to the 1950s
  • Ellison is known for his luxury hospitality investments

Pros

  • Ellison's investment may lead to upgrades in the resort
  • The current team of hoteliers will remain on staff

Cons

  • The purchase price is undisclosed