Here's your Forbes Daily Briefing for Sunday, March 1st.

Today on Forbes, Larry Ellison relocates to Trump's Palm Beach backyard.

Larry Ellison is no longer an ocean away from Donald Trump.

The 81-year-old Oracle co-founder worth $ $194 billion, and ranked the world's sixth richest person,

has moved his primary residence to Manalapan, Florida, roughly a 20-minute drive from Trump's Mar-a-Lago.

This, according to previously unreported county records.

It wasn't so long ago that Ellison said he had relocated to

Lanai, the Hawaii island he bought for $300 million in 2012. That property is now assessed at

$1.2 billion. In a later 2020 email to Oracle employees, he wrote that he'd moved there full-time.

That didn't last.

Now he's in Palm Beach County, Florida.

Ellison, now Oracle's chief technology officer and Paramount's controlling shareholder,

has a history of buying land in bulk.

His $2.9 billion real estate portfolio includes at least four homes in Woodside, California,

five adjacent parcels in Redwood City, four in Newport, Rhode Island,

and roughly a dozen properties on Malibu's Carbon Beach,

two of which appear to have burned down in last year's fires.

On Lanai, he bought pretty much everything. Florida seems different and certainly more strategic against the backdrop of

Ellison's evolving relationship with the president. In 2020, he let Trump use his 250-acre

Rancho Mirage estate for a fundraiser, to the ire of some

Oracle employees. In 2020, he told Forbes, quote, we only have one president at a time. I don't

think he's the devil. I support him and want him to do well. In 2021, Ellison purchased his first

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