Larry Ellison invests $450 million in Manalapan, Florida

Larry Ellison, the co-founder of Oracle, is investing heavily in the small Florida town of Manalapan. He has spent $450 million to make it an exclusive destination for billionaires. Manalapan is located just 20 minutes from Mar-a-Lago, the private club owned by former President Donald Trump. Ellison, who is among the world’s richest people, purchased the Eau Palm Beach Resort & Spa for $277 million. This high-profile acquisition is seen as part of Ellison's effort to revive the town’s faded charm. Once a place known for luxury in the 1950s, the town had mostly been overlooked until now. The mayor of Manalapan has expressed hope that Ellison's investments will turn the area into one of the top travel destinations globally. With renovations planned for the resort, local jobs are expected to be created. Home values are already rising, with some properties listed for over $100 million. As a part of this transformation, residents of Manalapan will receive free membership to Ellison's luxury resort club, eliminating dues or joining fees. Ellison, known for his luxury real estate portfolio, aims to bring a new level of opulence to Manalapan, making it a sought-after area for wealthy buyers. Overall, Manalapan is evolving into a high-end enclave, attracting attention and investment from the wealthy. With its small population and exclusive atmosphere, it offers a unique alternative to nearby Palm Beach.