Larry Ellison bought eight lakefront homes with pools for $10M just for his staff and children's tutors
Published on Oct 09, 2026 at 11:30 AM (UTC-4)
by Ben Thompson
Last updated on Oct 09, 2026 at 11:30 AM (UTC-4)
Edited by
Mason Jones
Larry Ellison proved he really knows how to splash his cash by spending $10 million on eight lakefront homes for his staff and children’s tutors.
Now that’s some big spending, even for the former CEO of Oracle Corporation.
In addition to all of his mansions and yachts, he’s splashed out millions for the homes of his staff, 30 miles from his Florida compound.
The support village has been running alongside his Palm Meadows Estates gated community since 2023.
Larry Ellison is a very rich man, there’s no doubt about that
When you’re one of the world’s richest people, you can spend money that would sound unfathomable to your Average Joe.
Ellison embodies that better than anybody.
After all, this is the man who once rented out an entire Concorde just to show it off.
When he’s not installing Tesla Superchargers on his private island, he’s splashing out on McLaren F1s and Acura NSXs.
So it’s safe to say, this is a man who is not afraid of spending money.
And perhaps nothing demonstrates that better than the homes he purchased for his staff.
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Larry Ellison spent $10 million on homes for his staff
Ellison’s company, Florida Estates LLC, spent $10 million on eight lakefront houses in Palm Meadow Estates, a gated community in Boynton Beach.
These were two-story homes with between two to four bedrooms, offering up enviable water views.
The homes also came with Tesla Powerwalls.
This extraordinary purchase was reported by The Wall Street Journal.
“The purchases offer a rare glimpse into a phenomenon largely shielded from public view: As the ultrarich expand their personal real-estate footprints, they are also buying homes for the people who keep their households running,” the article noted.
The article drew comparisons with Mark Zuckerberg, who purchased houses in Palo Alto to create a compound for his family.
What estate agents said about the purchase
Palm Meadows Estates, located between West Palm Beach and Boca Raton, is exactly what you’d want if you moved to Florida.
A stones throw away from a lake, this community is guarded by 24-hour security and offers up high-end living.
Kimmie Cruz, a local estate agent, spoke to the WSJ about her experience showing the houses to a small group.
She reportedly had to convince homeowners to sell.
“I said, ‘Look, this is the chance to sell it without having to have it on the market’,” Cruz told the publication.
“‘This is a chance to have somebody very viable. The money is there.'”
It wasn’t until later that she saw Ellison, flanked by security guards, in person.
The night after he visited the properties, she received the first signed contract for the houses.
The richest people in the world
Elon Musk ($936 billion) – The CEO of SpaceX and Tesla.
Jeff Bezos ($370 billion) – Founder of Amazon.
Larry Page ($286 billion) – Co-founder of Google.
Michael Dell ($268 billion) – Founded Dell Technologies.
Sergey Brin ($263 billion) – Google’s other co-founder.
Mark Zuckerberg ($251 billion) – The co-founder of Facebook and CEO of Meta.
Jensen Huang ($200 billion) – Co-founder of Nvidia.
Larry Ellison ($179 billion) – Co-founder of Oracle.
Steve Ballmer ($161 billion) – Microsoft’s CEO from 2000 to 2014, owner of the LA Clippers.
Warren Buffett ($142 billion) – Investor behind Berkshire Hathaway.
Ben joined Supercar Blondie in February 2025 after being published by international organizations including LADbible, The Sun, the New York Post, and the Daily Mail. He covers supercars, rare and collectible vehicles, aviation, luxury assets, and the fascinating people behind them. His reporting has explored everything from seven-figure supercars and historic Ferrari collections to unusual aircraft adventures and extraordinary automotive discoveries from around the world. Ben has also gained first-hand insight into vehicle craftsmanship and customization, including visiting specialist workshops to see bespoke vehicles up close.
