Tech billionaire Larry Ellison, co-founder and chief executive of Oracle, has been buying properties around Carbon Beach for years, like the Casa Malibu Inn on Pacific Coast Highway. (Carlos Chavez / Los Angeles Times)
Malibu has its share of billionaires, particularly along a stretch of California coastline called Carbon Beach. Larry Ellison is fond of Malibu and, at various times, purchased adjacent beachfront lots. He has spent hundreds of millions of dollars on trophy properties in the city and Lake Tahoe, Rancho Mirage and other locations where real estate prices are consistently high. (Ken Hively / Los Angeles Times)
