September 26, 2012 - From one executive to another, a Malibu beach house has transferred ownership for $36,943,890 million, and Oracle leader Larry Ellison will be the one moving boxes in. The Los Angeles Times reports Forbes' third richest man in the world purchased the home from Terry Semel, the former CEO of Yahoo, who originally listed the compound for $40 million. This transaction is the most expensive sale in the city this year.

According to the source, the home sits on three-quarters of an acre of land offering 10,317 square feet of living space when combined with the space provided by the separate guest house. Together, the homes have a total of nine bedrooms and 13 bathrooms, while numerous upgraded features make the home suitable for the billionaire.

Some notable features include an outdoor gazebo, swimming pool and just over 100 feet of sand between the house and the water. Inside, the home has skylights that allow natural light to flood the home, accompanied by smaller, circular windows that keep with the house's nautical theme, notes the Times.

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