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Oracle Billionaire Larry Ellison Says He’s Tearing Down the $80 Million Mansion He Just Bought

BURNING DOWN THE HOUSE

In an email to employees reviewed by Recode, Ellison denied plans to relocate to the low-tax state, writing he was “tearing the house down and not moving to Florida.”

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Jeremy Fraser/Getty

Just days after Oracle founder and billionaire Larry Ellison paid $80 million for a sprawling mansion in North Palm Beach, Florida, he told employees he planned to demolish the whole building.

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