Larry Ellison recently purchased the 246-acre Porcupine Creek property in Rancho Mirage for the deeply discounted price of $43 million. This high Cove property, recently owned by Tim and Edra Blixseth, was a gaudy mix and match mess. Ellison, founder of Oracle Corp., is estimated to have a net worth of $33 billion, so you can imagine that, after months of refurbishment, the software billionaire’s desert digs are state-of-design dazzling and ready for family gatherings and celebrity entertaining during the 2012 BNP Paribus Open tennis tournament held annually at nearby Indian Wells. Ellison owns the tournament. He’s an avid tennis fan and can be seen front row, center court, throughout the BNP Paribus Open watching every move of the champions.
The Porcupine Creek property boasts an 18-hole golf course rated 13th best in the Golden State by Golf Digest Magazine, an 18,000 square foot main house, four guest houses, an amphitheater, a clubhouse, and massive swimming pool. Ellison has just completed adding tennis courts to the estates many amenities.
Forbes Magazine has ranked Larry Ellison as the fifth richest man in the world. His residency in Rancho Mirage continues the City’s legacy of providing a private retreat for successful leaders. Here, Walter and Leonore Annenberg built their Sunnylands and entertained U.S. Presidents and European royalty. Here also is where Gerald and Betty Ford retired and mingled happily with the residents in the grocery stores and on the golf courses. Frank Sinatra built a home in Rancho Mirage and permanently reserved his favorite tables in the local eateries on Rancho Mirage Restaurant Row from which he’d greet his neighbors and fans. Larry should fit right in.