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Larry Ellison Relocates Primary Residence to Florida, Expands Real Estate Holdings, and Engages in Business Initiatives

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Larry Ellison Establishes Primary Residence in Florida, Near Trump's Mar-a-Lago

Larry Ellison, cofounder of Oracle and the world's sixth wealthiest individual, has established his primary residence in Manalapan, Florida.

This move places him approximately 20 minutes from former U.S. President Donald Trump's Mar-a-Lago estate. Ellison's relocation, which includes extensive real estate acquisitions in Palm Beach County, follows his previous declaration of residency in Lanai, Hawaii, and has coincided with various business ventures and interactions with Donald Trump.

Relocation and Tax Implications

Larry Ellison, 81, previously stated in 2020 that he resided full-time on Lanai, a Hawaiian island he acquired in 2012. County records now indicate his primary residence has been moved to Palm Beach County, Florida.

In April 2023, Ellison's voter registration was updated to Florida, listing no party affiliation. The following month, he filed a declaration of domicile, formally changing his primary residence from Lanai City to Manalapan. This relocation is estimated to have resulted in approximately $1 billion in state tax savings for Ellison, primarily by avoiding Hawaii state taxes on stock sales and dividends.

Real Estate Acquisitions in Florida

Ellison possesses an extensive real estate portfolio, including properties in California, Rhode Island, Malibu, and a substantial portion of Lanai. His acquisitions in Florida began in 2021 with an $80 million mansion in North Palm Beach. In 2022, he purchased a 16-acre, 60,000-square-foot compound in Manalapan for $173 million, setting a Florida record at the time. This compound has been declared his primary residence.

Since 2023, Ellison has expanded his real estate investments in Palm Beach County:

  • In 2024, he acquired the Eau Palm Beach Resort & Spa for $277 million.
  • In November 2024, he purchased the 600-acre Lion Country Safari.
  • Between 2023 and mid-2025, entities linked to Ellison's business address acquired nine residential homes in Boynton Beach for approximately $1 million each. The purpose of these latter purchases has not been specified.

Business and Political Engagements

Ellison's relocation to Florida has occurred amidst several instances of interaction and collaboration with Donald Trump:

  • In 2020, Ellison permitted Trump to use his Rancho Mirage estate for a fundraiser. Ellison stated in 2020, "We only have one president at a time... I support him and want him to do well."
  • In January 2025, Ellison appeared with Trump at the White House to announce the Stargate AI infrastructure initiative.
  • Ellison and Trump were involved in facilitating a deal that granted Oracle a 15% stake in TikTok's U.S. entity.

Ellison, serving as Oracle's Chief Technology Officer and a controlling shareholder of Paramount, has pursued additional business initiatives:

  • Ellison and his son, David Ellison (who is Paramount's controlling shareholder), have been involved in content decisions at CBS network. David Ellison, a former Democratic donor, attended a State of the Union address as Senator Lindsey Graham's guest.
  • The father-son duo is pursuing an acquisition of Warner Bros. Discovery, which includes CNN, with Larry Ellison providing a personal guarantee of $40 billion for the bid.
  • Oracle reported $11.5 million in lobbying expenditures in the past year. The company's business interests include AI data centers, export controls, and federal AI strategy.
  • The Federal Communications Commission's approval of the Ellisons' Paramount takeover reportedly involved specific concessions.
  • The Department of Justice initiated a probe earlier in the month into Netflix's bid for Warner Bros., and a letter from 11 state attorneys general expressed opposition to the Netflix deal.