Just days after software giant Oracle announced it’s moving company headquarters from Redwood City to Texas, the firm’s multi-billionaire founder Larry Ellison says he’s moved to Hawaii.
Ellison, reported by Forbes to be worth $83 billion, said in a message to Oracle employees Monday that after the company cited workplace flexibility when announcing on Friday its move to Austin, he’d been asked if he was moving to Texas, too.
“The answer is no,” he said. “I’ve moved to the State of Hawaii and I’ll be using the power of Zoom to work from the island of Lanai.”
The former Oracle CEO, still chairman and chief technology officer for the company, spent $300 million in 2012 to buy almost all of Lanai from fellow billionaire David Murdock. It was not immediately clear where Ellison, who according to property records owns a Woodside estate with an assessed value of $82 million, was living before the Hawaii move.
The mogul, 76, signed his message to employees “Mahalo,” the Hawaiian word for thank you.
