Los Angeles Business Journal

Is Malibu Turning Into the Larry Ellison Beach Club?

Monday, October 1, 2012

The membership roll in Malibu's unofficial Billionaire's Beach club appears to be shrinking, the Los Angeles Times reports. Oracle CEO Larry Ellison, who already has eight other houses along Carbon Beach, has bought former Yahoo chief Terry Semel's Malibu compound for $36.9 million.