The world’s 8th richest man, Oracle co-founder Larry Ellison, just dropped $173-million on a Florida compound located south of Palm Beach.

That’s the most money ever paid to purchase a home in Florida.

Ellison, who is worth $94 billion, paid nearly twice as much for the Palm Beach mega-estate than last year’s $94 million selling price.

The property includes a 30-bedroom, 62,000 square foot mansion with 1200 feet of beach along the Atlantic ocean.

Ellison also now owns part of a barrier island.

This 30-bedroom, 62,000-sq-foot compound with 1,200 feet of beachfront on the Atlantic Ocean was purchased for $94 million last year.

But just 15 months later, the property has been sold to Larry Ellison for $173 million—the highest price ever paid for a home in Florida.

Wild😳 pic.twitter.com/WoPZlQhUI3

— Joe Pompliano (@JoePompliano) June 23, 2022