Suit shows Oracle CEO urged to cut spending: Emails have come to light in a lawsuit against Larry Ellison that show how he spends his money. Very well, it turns out.
Software billionaire Larry Ellison, one of the world’s most conspicuous consumers, was advised to go on a crash financial diet four years ago as his spending soared on yachts and mansions. […]
[A] mountain of debt came from lavish expenditures, the documents show.
The executive devoted $20 million a year to “lifestyle” spending; $25 million for a villa in Japan; $80 million over three years for his pursuit of the America’s Cup trophy; and $194 million for a new yacht, also over three years, the documents show.