- Oracle cofounder Larry Ellison is helping raise the profile of the 400-resident island town of Manalapan, Fla. The multibillionaire has already made a cumulative $450 million real estate investment in the town and has taken over its biggest structure, the Eau Palm Beach Resort & Spa, which offers memberships to town property owners without initiation fees or dues.
Known for his tech feats as cofounder and chief technology officer of Oracle, Larry Ellison is instead flexing his developer experience in South Florida as he pours millions of dollars into real estate and helps transform an exclusive island town 20 minutes from Mar-a-Lago into a haven for the mega-rich.
