Ball So Hard
What’s a guy gotta to do get a little peace and quiet in Tinseltown? One tech billionaire isn’t taking any chances. The L.A. Times reports that Larry Ellison, Oracle CEO and seafarer, has snapped up almost two dozen pieces of property in sunny Malibu. This is in addition to his ownership of the Hawaiian island of Lanai.
Hey, in the New Digital Age ™, privacy is the most valuable commodity there is.
According to the Times:
Woodside, California is a quaint, wealthy suburb in San Mateo County, situated about 20 minutes from the tech hub of Palo Alto. Because of its close proximity to big tech companies like Google and Facebook, many wealthy entrepreneurs (including Larry Ellison!) call Woodside home. And now, because of its plethora of eligible rich men, online dating startup SugarDaddie.com, which unites “wealthy, desirable and attractive people,” has offered the town $11.65 million to officially change its name to SugarDaddie.com, USA.
It’s not the worst idea we’ve ever heard.
Ball So Hard
Possible sailing cheater and Hawaiian island owner Larry Ellison has added a new item to his collection of things you will never be able to afford, according to Skift: the Hawaiian airline Island Air is now an Ellison possession.
Island Air is a small airline that provides flights between the islands of Hawaii, but we assume the Oracle founder will also be using it as his own private fleet of jets. If you were a kazillionaire, wouldn’t you?
What’d you get for the holidays? Maybe some nice new video games? Perhaps your parents heard you talking about “personal betterment via technology” and got you a Nike Fuel Band?
Whatever you received, it was certainly not as good as what Oracle founder Larry Ellison gifted his children last year: daughter Megan Ellison used some of his money to win a bidding war for the rights to the Terminator franchise, with agreements from Justin Lin to direct and Arnold Schwarzenegger to star in it.
When last we heard from maritime enthusiast Larry Ellison, the Oracle founder had just bought himself the Hawaiian island of Lanai. Now the San Jose Mercury News reports that his sailing franchise, Oracle Racing, is accused of attempting to gain an edge by espionage.
Mr. Ellison took home the America’s Cup back in 2010, which means he basically owns the franchise. If another team nabs the trophy next year, into the drink goes his attempt to turn it into a television event. But even if there wasn’t money at stake, we get the sense Mr. Ellison doesn’t like to lose.
Ball So Hard
Eccentric Oracle CEO Larry Ellison, who–like his spirit animal, George Clooney in The Descendants–recently bought his own Hawaiian island just for the hell of it, now has his eye on a $10 billion entertainment group. $10B? That’s chump change for America’s third richest man, but okay, we’ll go with it.
Alley vs. Valley vs. Beach
As residents of Silicon Alley (a clever knockoff of California’s original Silicon Valley), we don’t have much room to mock other cities around the country for attempting to claim a piece of the tech pie all for themselves. But we couldn’t help but notice in a Wall Street Journal real estate feature that Los Angeles–despite the fact that it’s already well-known for being the entertainment capital of the world–is still trying to make “Silicon Beach” a thing. SMH.
What happens when a scruffy bunch of startup scamps move into a posh neighborhood? Why, hijinks ensue, naturally.
See, San Francisco’s Pacific Heights neighborhood has something called “Billionaire’s Row,” where tech elites like Larry Ellison live. However, Businessweek reports that there is one mansion inhabited by an unusual crop of folks: not merely rentors, but entrepreneurs in their 30s, working on startup ideas. Nature took its course:
One Percent Problems
Oracle CEO and New York Times-approved eligible bachelor Larry Ellison bought 98 percent of the Hawaiian island Lanai a couple months ago, making him the proud owner of two Four Seasons resorts, a solar farm, a pair of championship golf courses, the firstborn of every female citizen and 10 grass-skirt-bearing virgins.
Thus the Times sent one intrepid reporter down to Hawaii to ask the residents of Lanai how they feel about their new bearded overlord. And their passionate, tension-filled responses sound not unlike the rough draft of next summer’s feel-good land baron dramedy.
New York Times notable tech bachelor Larry Ellison has purchased 98 percent of Lanai, Hawaii’s largest island. Hawaii’s governor cited Mr. Ellison’s “passion for nature,” as a motivating factor in island ownership. [Guardian]
Peter Thiel’s plan is already paying off! James Proud, one of the fellows from Mr. Thiel’s recently-announced class, sold his company GigLocator to Peter Shapiro, the owner of Williamsburg’s Brooklyn Bowl. [TechCrunch]
LinkedIn faces class action lawsuit demanding $5 million in damages for not safeguarding users’ (terrible, insecure) passwords. [The Inquirer]
Steve Wozniak showed his support for Megaupload by dropping by Kim Dotcom’s New Zealand manse. [CNET]