Larry Ellison to stay in Hawaii, plans to tear down his $80M Florida manse

Billionaire Larry Ellison has no plans to move away from Hawaii after paying $80 million for a Florida mansion that he plans to tear down, the Oracle Corp. co-founder and chairman told his staff this week, according to a report by Recode. Ellison said he plans to demolish the 15,514-square-foot, seven-bedroom house on 7.3 acres in North Palm Beach that he bought from hedge fund manager Gabe Hoffman, founder of Accipiter Capital Management for above its $79.5 million asking price, according to reports…