Larry Ellison Net Worth: – Larry Ellison is not just a name; it’s a brand, a phenomenon, and a story of success that goes beyond the realms of technology. His financial prowess, accentuated by a net worth of $115 billion, anchors him as a titan in the industry.
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The fiscal saga behind the Oracle Corporation, where Ellison not only founded but also served as the CEO until September 2014, is a testament to his business acumen.
Table of Contents
Who is Larry Ellison?
Larry Ellison is an American billionaire entrepreneur, recognized globally for founding Oracle, a multinational computer technology corporation renowned for its comprehensive and fully integrated stack of cloud applications, platform services, and engineered systems.
How old is Larry Ellison?
Born on August 17, 1944, Larry Ellison is currently 79 years old.
Career
Ellison’s career is highlighted by his role as the helmsman of Oracle, which he took public a day before Bill Gates took Microsoft public. His remarkable journey saw him navigate through turbulent times, including a near-bankruptcy experience in 1990, but he emerged as one of the wealthiest individuals on the planet.
Education
While Ellison did not complete his college education, dropping out of the University of Illinois at Urbana-Champaign and later the University of Chicago, he exemplified the spirit of entrepreneurship that doesn’t always correlate with academic degrees.
Personal life
Ellison’s personal life has been as dynamic as his career. He has been married four times, with his latest marriage to romance novelist Melanie Craft ending in 2010. A friend to many notable figures, he had Steve Jobs as his wedding photographer at one point. Philanthropy is also a facet of his persona, with substantial donations including $200 million to the University of Southern California for a cancer research center.
How did Larry Ellison get so rich?
Under his leadership, Oracle became the largest supplier of database software and the second-largest supplier of business applications globally. Despite notable setbacks, the company grew steadily until 1992, when its Oracle 7 release swept the market and made Ellison a billionaire.
Who is richer Bill Gates or Larry Ellison?
Oracle Chair and Chief Technology Officer Larry Ellison’s new net worth of $129.8 billion makes him the fourth-richest person in the world, Bloomberg reported June 12. The majority of Mr.
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Awards and achievements
Larry Ellison’s list of accolades is extensive. However, beyond awards, it’s his contributions to the tech industry, such as his investments in cloud computing and databases, that stand out as his most significant achievements.
Real Estate
Ellison’s appetite for real estate is voracious. His portfolio spans from a 45-acre Japanese-style estate in California, worth at least $200 million, to the acquisition of 98% of Hawaii’s Lanai Island. His properties reflect luxury, exclusivity, and a taste for the extraordinary.
Who is Larry Ellison’s Child?
two children
Ellison has two children, David and Megan Ellison, both of whom have carved out successful careers in the film industry as producers.
What are Larry Ellison’s biggest expenses?
Larry Ellison’s expenditures range from lavish real estate to his passion for aviation and yachting. He owns multiple properties across the globe, has invested significantly in his sailing team and yacht, and not to forget, his purchase of a decommissioned Soviet MiG-29 and an SIAI-Marchetti S.211.
What companies does Larry Ellison own?
Besides Oracle, Ellison has a noteworthy stake in Tesla and owns numerous other investments including the Indian Wells Tennis Garden, the Indian Wells Masters Tournament, and Island Air.
At what age did Larry Ellison become a billionaire?
age 49
Larry Ellison: 42
The founder and CEO of Oracle became a self-made millionaire in 1986 at age 42. Shortly after, he achieved billionaire status at age 49, thanks to his stake in Oracle and the company’s rapid growth.
Larry Ellison net worth in 2023
$115 billion
As of 2023, Larry Ellison boasts a staggering net worth of $115 billion, placing him among the world’s richest individuals.
Conclusion
Larry Ellison’s net worth is more than a figure; it’s a narrative of perseverance, innovation, and strategic investment. From the brink of bankruptcy to scaling the heights of financial supremacy, Ellison’s journey is nothing short of inspirational.
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FAQs about Larry Ellison Net Worth: The Billions Behind Oracle
- How did Larry Ellison build his net worth?
- Ellison built his net worth primarily through his company, Oracle, along with strategic investments in companies like Tesla.
- Has Larry Ellison’s net worth fluctuated over the years?
- Yes, Ellison’s net worth has seen fluctuations, particularly during Oracle’s early struggles, but it has consistently grown over the long term.
- What percentage of Oracle does Larry Ellison own?
- Ellison owns approximately 42% of Oracle.
- Is Larry Ellison still involved with Oracle?
- Although he stepped down as CEO in 2014, Ellison remains involved with Oracle as the chairman of the board and chief technology officer.
- What philanthropic efforts is Larry Ellison known for?
- Ellison has donated hundreds of millions to charitable causes, including medical research and education
