Who owns the Eau Palm Beach Resort?
Oracle founder Larry Ellison has purchased the Eau Palm Beach Resort & Spa for $277. This luxury 310-room hotel in Manalapan, originally established in the 1950s and rebranded in 2013, has quadrupled in value since 2003. Ellison became a billionaire at age 49. Now, he has a net worth of roughly $152 billion, according to Forbes, after racking up $50 billion in gains thanks to Oracle and Tesla stock. That makes him the seventh-richest person in the world.Larry Ellison has surpassed Mark Zuckerberg’s net worth, making him the second-richest person on the planet at the age of 80.According to the Palm Beach Daily News, billionaire Larry Ellison, who was ranked by Forbes as the world’s fifth richest person in April 2024, added to his impressive real estate portfolio by purchasing the Eau Palm Beach Resort & Spa in Manalapan, Florida.Ellison’s net worth now sits at $251 billion, having gained nearly $60 billion in 2025 alone, per the Bloomberg Billionaires Index. The founder’s wealth comes courtesy of his 40% stake in database company Oracle, which he launched in 1977 and is up 41% for the year to date, with a huge rally over the past fortnight.
Was Eau Palm Beach a Ritz-Carlton?
The 309-room luxury resort has been owned by the Lewis family since 2003. It was under this ownership that the property rebranded from Ritz-Carlton to Eau Palm Beach Resort & Spa in 2013. June 17, 2013 – Categories: Hospitality News, On July 1, Britannia Pacific Properties will convert the Ritz-Carlton Palm Beach hotel in Florida to Eau Palm Beach Resort & Spa. The owners have contracted with Preferred Hotel Group to represent the hotel.The Lewis family purchased the property in 2003, maintaining its status as a Ritz-Carlton until 2013, when it was rebranded as Eau Palm Beach Resort & Spa.Oracle founder Larry Ellison has purchased the Eau Palm Beach Resort & Spa for $277. This luxury 310-room hotel in Manalapan, originally established in the 1950s and rebranded in 2013, has quadrupled in value since 2003.
What did Eau Palm Beach used to be?
The Lewis family purchased the property in 2003, maintaining its status as a Ritz-Carlton until 2013, when it was rebranded as Eau Palm Beach Resort & Spa. While Ellison may live full-time in Hawaii these days, his footprint reaches far beyond Lanai. His property portfolio span coast to coast and beyond, with homes valued at roughly $1.In December 2020, he left California and moved to Lānaʻi, of which he owns 98%. In 2022, Ellison bought a 22-acre property in Manalapan, Florida for $173 million. He purchased it from Jim Clark, who in turn had acquired it from the Ziff family. It is the most expensive residential property purchase in Florida history.Ellison set a Florida record for the purchase of a $173 million estate spanning 16-acres that includes both beachfront and lakefront property. And in August 2024, he paid $277 million for the town’s biggest structure, a 300-plus room hotel, the Eau Palm Beach Resort & Spa, according to Bloomberg.Oracle founder Larry Ellison has purchased the Eau Palm Beach Resort & Spa, a 309-room property in Manalapan, less than seven miles from Mar-A-Lago.
How many rooms does Eau Palm Beach have?
Featuring 309 guestrooms and suites in three towers, Eau Palm Beach Resort offers private rooms in an elegant yet relaxed setting. Spacious guest rooms include ocean, pool and garden views and private balconies. Eau hotel (previously the Ritz Carlton) Manalapan FL – Review of Eau Palm Beach Resort & Spa, Manalapan, FL – Tripadvisor.
Why is Palm Beach so famous?
After over 100 years of graceful evolution, Palm Beach today is a fully developed community, world-renowned for its beauty, quality of life and small-town character. It is home to “Captains of Industry” and the world famous Worth Avenue. Affectionately known as The Island, Palm Beach offers a myriad of exciting and exquisite amenities, shopping opportunities, and impeccable weather. The town is populated with up to 10,000 residents, and the headcount considerably swells as soon as summer arrives.With its dreamy white-sand beaches, abundant outdoor recreation options, high-end shopping and chef-led culinary scene, it’s no surprise that Palm Beach remains a popular choice among jet-setting travelers.It’s a very attractive place for a lot of reasons: No income tax, very friendly business environment, educated workforce. In sheer numbers, the wealth report found that West Palm Beach and Palm Beach combined have 11,500 millionaires, 78 centimillionaires (people with $100 million-plus) and 10 billionaires.Where do most of the billionaires in Florida live? Most of Florida’s billionaires choose Palm Beach as their home, with Miami coming in at a close second. Tarpon Isle, a private island off Palm Beach, has seen soaring property prices as the wealthy flock to its shores.Palm Beach is synonymous with elegance and exclusivity, making it one of the most coveted destinations for luxury living. Separated from the Florida mainland, this epic town is situated on a 14. Lake Worth to the west and the Atlantic expanse to the west.