Billionaire Oracle Corp. co-founder Larry Ellison plans to demolish the North Palm Beach mansion he acquired last week for $80 million. In a letter to Oracle employees, Ellison said he will not be moving to Florida and plans to stay in Hawaii, according to Recode. Ellison acquired the oceanfront home at 12525 Seminole Beach Road from hedge fund manager Gabriel Hoffman, who heads Accipiter Capital Management. But he’s been based in Hawaii’s Lanai, an island The post Billionaire Larry Ellison plans to knock down $80M mansion appeared first on The Real Deal New York.