Ellison Aims to Steer America's Cup to the Bay Area
Oracle Corp. (ORCL) Chief Executive and multibillionaire Larry Ellison won the America’s Cup on Sunday, claiming sailing’s most prestigious trophy for San Francisco’s Golden Gate Yacht Club. Now he hopes to bring the next edition of the regatta–which will likely be held in about three years–to San Francisco itself.
Mr. Ellison, 65 years old, cultivated his passion for competitive sailing in San Francisco Bay, which he dubs “a wonderful natural amphitheater for sailing.” He adds, “I’m not sure there’s any place in the world that is better for viewers.”
Fresh off the America’s Cup victory, Mr. Ellison–who is the Bay Area’s wealthiest individual with an estimated $27 billion fortune, according to Forbes–discussed his favorite places to sail in the region and where in the Bay he hopes to hold the next America’s Cup.