Lawrence Joseph Ellison (born August 17, 1944) is an American businessman who co-founded Oracle Corporation. He served as Oracle’s CEO from 1977 to 2014 and currently holds the positions of chief technology officer and executive chairman.
As of November 13, 2024, Ellison ranks as the third-wealthiest person globally, with an estimated net worth of $208 billion (Bloomberg) and the second-wealthiest (Forbes) with $237 billion. He also owns 98% of Lānaʻi, the sixth-largest island in Hawaii.
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Larry Ellison Net Worth
Larry Ellison has a net worth of $204 billion, primarily earned as the founder of Oracle. He owns around 42% of Oracle and has pledged a quarter of his shares as collateral.
Since 2003, Ellison has earned $12 billion from stock sales and dividends. He also owns 1.5% of Tesla, purchasing his stake for about $1 billion in 2018. At Tesla’s peak market cap, his stake was worth $15 billion. Ellison left the Tesla Board in August 2022.
Early life
Lawrence Joseph Ellison (born August 17, 1944) is an American businessman who co-founded Oracle Corporation. He served as Oracle’s CEO from 1977 to 2014 and currently holds the positions of chief technology officer and executive chairman.
As of November 13, 2024, Ellison ranks as the third-wealthiest person globally, with an estimated net worth of $208 billion (Bloomberg) and the second-wealthiest (Forbes) with $237 billion. He also owns 98% of Lānaʻi, the sixth-largest island in Hawaii.
Career
Larry Ellison, co-founder of Oracle, led the company from 1977 to 2014, turning it into a tech giant. He has overseen major acquisitions, including Sun Microsystems in 2010. Ellison owns 42% of Oracle and holds a 1.4% stake in Tesla.
In 2012, he purchased 98% of the Hawaiian island of Lānaʻi. Known for his wealth, Ellison has been listed among the world’s richest individuals. In 2024, his software startup, Project Ronin, aimed at transforming cancer care, shut down.
Personal life
Larry Ellison has been married and divorced four times. His first marriage was to Adda Quinn in 1967, ending in 1974. He married Nancy Wheeler Jenkins in 1976, but they divorced in 1978, with Wheeler selling her shares in SDL back to Ellison for $500.
Ellison was married to Barbara Boothe from 1983 to 1986, and they had two children, David and Megan. In 2003, he married Melanie Craft, a romance novelist, but they divorced in 2010. Since then, Ellison has been with Nikita Kahn, a model and actress.
Does Larry Ellison still own Oracle?
Larry Ellison still owns a significant stake in Oracle. As of 2022, he holds 42.9 percent of the company’s shares. He also owns 1.4 percent of Tesla as of June 2023.
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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.
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
