A $45 million San Francisco mansion once owned by Larry Ellison kept its new buyer secret for a year

The mystery buyer behind one of San Francisco’s most secretive real estate deals has finally been identified, nearly a year after an off-market sale transferred a $45 million mansion on Billionaires Row. Private equity investor Chuck Esserman bought the 10,742-square-foot Pacific Heights home formerly owned by Oracle co-founder Larry Ellison, according to the San Francisco Standard. The off-market deal closed in December 2025 under a trust tied to Esserman, ending months of speculation among local luxury real estate brokers about who had bought the property. Esserman is the co-founder and CEO of San Francisco-based private equity firm TSG Consumer Partners. He bought the estate without a public listing. The purchase adds to a string of expensive real estate deals linked to Esserman. In 2023, an LLC connected to him and his wife, Ivette, bought singer Celine Dion’s Las Vegas mansion for $30 million.Decades of growth on Billionaires RowThe property at 2850 Broadway has risen sharply in value since Ellison bought it 37 years ago. The Oracle co-founder purchased the home in 1988 for $3.9 million and later sold it off-market for $45 million. The December 2025 transaction was San Francis...