Billionaire Larry Ellison's plans to demolish this $80m mansion
Luxury Florida home headed for the wrecking ball
When you're a billionaire, purchasing extravagant homes likely comes as second nature, but imagine spending $80 million (£58m) on a beachfront mansion, only to demolish it just a few months later. Well, that's exactly what Oracle co-founder Larry Ellison is doing.
The self-made business magnate, who is said to be worth $110.1 billion (£80bn), clearly has bigger plans for his brand new seven-acre estate.
Reference: Money: Jen Grimble