Former Yahoo! CEO Terry Semel Sells Malibu Home for $37M to Oracle CEO Larry Ellison

    Posted by Cristin  |  September 26, 2012  |  9:19 pm  |  Tags: , , , , , , , , ,

    Forbes via Oracle.com

    Larry Ellison

    Malibu, CA

    Most Known For

    CEO of Oracle and avid collector of exceptional personal properties across the globe.

    Home Stats

    nine bedrooms, 13 bathrooms and 10,317 square feet of living space that stretches along 151 feet of beach frontage

    Price

    $37,000,000

    Talk about a high tech, high dollar deal! Former Yahoo! CEO Terry Semel has sold his compound on Malibu’s Carbon Beach for $37M to none other than Oracle CEO Larry Ellison, who has been dubbed “The Nation’s Most Avid Trophy-Home Buyer.” This real estate transaction between Semel and Ellison is strictly a B2B deal. No, we don’t mean business-to-business. We’re talking about billionaire-to-billionaire here!

    Malibu’s Carbon Beach has been dubbed “Billionaire’s Beach,” and Ellison already owns numerous properties along that strip of sand. Perhaps he only lives on streets named exclusively for billionaires, because his primary residence in San Francisco sits on “Billionaire’s Row” in Pacific Heights.

    The seller, Terry Semel, was at the helm of Yahoo! from 2001-2007 and made quite the nice stash of cash from the gig. Since leaving Silicon Valley behind, Semel has resided in Los Angeles and has gobbled up some exceptional real estate in the area. Just last year, Semel and wife Jane listed and sold their swank Beverly Hills mansion.

    The Malibu home that just transferred hands from Semel to Ellison sits on a three-quarter-acre lot includes three structures, creating a compound just steps from the sand. The main house is entered through a three-story skylit rotunda. Aside from the main home, there is also a two-story guesthouse for a total of nine bedrooms, 13 bathrooms and 10,317 square feet of living space that stretches along 151 feet of beach frontage.

    We’re not surprised to hear Ellison was the buyer in this big deal. Since becoming one of the biggest earners in America while at the helm of Oracle, Ellison has spent hundreds of millions of dollars acquiring incredible properties across the globe. Ellison’s known property roster includes five adjacent lots in Malibu, a Newport, R.I., mansion formerly owned by the Astor family; a historic garden property in Kyoto and an estate in Rancho Mirage, Calif., with a private, 19-hole golf course. He’s currently adding a Lake Tahoe compound to that incredible line-up and is rumored to be on a buying spree in his native San Francisco.

      Former Yahoo! CEO Terry Semel Lists $12.75M Beverly Hills Home

      Posted by Cristin  |  October 13, 2011  |  3:11 pm  |  Tags: , , , ,

      Terry Semel

      Beverly Hills, CA

      Most Known For

      24 year tenure as chairman and co-CEO of Warner Brothers followed by 6 years as CEO of Yahoo!

      Home Stats

      8,800 square feet, 4 bedrooms, 7 bathrooms

      Price

      $12,750,000

      Former Yahoo! Inc. Chief Executive Terry Semel and his wife Jane have just listed their Beverly Hills estate for $12.75 million. The 1987 contemporary, designed by Robert Offenhauser, is one of the most prestigious properties in the flats of Beverly Hills. Sitting on over 30,000 square feet of land, the 8,800 square foot house has 4 bedrooms and  7 bathrooms. High vaulted ceilings, huge walls for art, a 2-story entry with skylight and floor to ceiling iron glass doors are part of the details of the design. Living room, family room, dining room, office/ library and service area and storage off the kitchen complete the main floor. The generous master suite with fireplace, sitting area, covered patio, dual baths and dressing rooms speak to the grace of this home. A detached screening room includes a kitchen, shower, sauna and steam room. On nearly three-quarters of an acre, the estate has a gated, circular driveway and a swimming pool.

      Semel spent 6 years as Yahoo! CEO, before resigning in 2007. Prior to Yahoo!, Semel spent 24 years at Warner Bros., where he served as chairman and co-chief executive officer.