Malibu's monopoly beach: Computer tycoon Larry Ellison buys up nearly TWENTY-FOUR pro

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Not content with owning an entire Hawaiian island worth $500 million, Oracle CEO Larry Ellison has decided to buy Malibu, California - or at least an exclusive chunk of it.
The software magnate, worth $43 billion, has quietly purchased up to 24 multi-million dollar mansions for $250 million, including 12 homes along the coveted Carbon Beach - known locally as 'billionaires beach'.
According to public records available through PropertyShark.com, Ellison's obsession with Malibu properties has seen him buy up almost one third of the 70 mansions in Malibu, adding to his Hawaiian paradise, multiple estates in Northern California and several Lake Tahoe homes.


Neighbors along the coastline which follows the scenic Pacific Coast Highway include entertainment mogul David Geffen and formers LA Dodgers CEO Jamie McCourt.
Last year, Ellison spent $37 million when he purchased the beach side compound owned by former Yahoo CEO Terry Semel.
His latest purchase is a two-story, white stucco building in a gated, private compound on Carbon Beach.
Because of his near-obsession with property, the multi-billionaire has been described in the past by the Wall Street Journal as 'the nation's most avid trophy-home buyer'.


In addition to the beach front real estate, the nation's third richest man has purchased a wooded estate in the Franciscan friars in a gated Serra Retreat.
He also has bought an inland tennis club, Casa Malibu Inn and a coastal restaurant property.
In an interview with CNBC, Ellison explains his love for land and buildings.
'When I was a kid, the first thing I ever wanted to be was an architect. So I love building houses, remodeling houses, designing houses, converting houses.'
Real estate agents in the area believe that Ellison has made the majority of his property purchases through limited liability companies - which is a popular front used by the rich and famous to hide their portfolios.
Having purchased the homes over the course of ten years, Ellison's purchases are becoming legendary.


The notoriously media-shy Oracle chief declined to speak to the LA Times on his property accumulation, but has mentioned his love of home and architecture before in interviews.
Experts asked as to why Ellison is buying up multiple properties in the area replied that its proximity to Hollywood and excellent climate would be contributing factors.
'There are only so many seats in the front row,' said Kurt Rappaport, co-founder of Westside Estate Agency to the LA Times.
'If you take the best section and the most prime property, that's inherently a great investment,' Rappaport said. 'That's what Larry recognized and sees.'
Ellison is the world’s eighth-richest man, with an estimated net worth of $43 billion, according to Forbes magazine.
In June, he purchased the island Lanai, off the coast of Maui for $500 million.
In October, Ellison said he wanted to turn Lanai into a 'little laboratory' for experimenting with more environmentally sound ways to live.


Oracle CEO Larry Ellison's ambitions include converting sea water into fresh water on the 141-square-mile island of Lanai.
He also wants to see more electric cars on the island located near Maui, and hopes to increase its fruit exports to Japan and other markets.
Lanai is just one piece of Ellison's sprawling real-estate portfolio. He also owns estates or mansions in San Francisco, Lake Tahoe and southern California, as well as in Newport, Rhode Island. and Japan.
He told CNBC in an October interview that he plans to convert some of the homes into art museums and traced his interest in fancy homes to his childhood dream of being an architect.
Ellison has called the Lakers his favorite NBA team. He also said he is a fan of the Golden State Warriors and the Chicago Bulls.


He tried to buy the Warriors in 2010 only to be outbid by Silicon Valley venture capitalist Joe Lacob and Hollywood movie producer Peter Guber.
Oracle, which makes database software and applications that automate administrative tasks, has been on a shopping spree that has seen the company spend more than $50billion buying dozens of companies over the past seven years.
Ellison told CNBC that Oracle probably won't be making any big acquisitions during the next two years as the Redwood Shores, California company fine tunes its software products so they can be sold as a service over high-speed Internet connections - a concept known as 'cloud computing'.