Saturday, August 18, 2007 - Ellison's New Yacht

Recently read Ellison's New Yacht on The Wealth Report - about Larry Ellison building a new smaller yatch. A very amusing quote from this article: it looks one of America’s flashiest billionaires may actually be downsizing.
Another interesting thought: Larry sold a share in his existing yatch to billionare David Geffen, which makes me think that billionares like Larry don't miss out on an opportunity to make money. Even when he didn't like his yacht he made the most of it by selling it partially, till the time he gets himself a new one.
Would love to hear your comments on this.

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