Ever wondered about Larry Ellison net worth? As one of the most successful CEOs, his financial achievements are often a hot topic. At World of CEOs, we delve deep into what makes Ellison’s fortune stand out.
Join us as we explore the intricacies of his wealth and what it says about the tech giant’s leadership.
Quick Facts
| Fact | Detail |
|---|---|
| Real Name | Lawrence Joseph Ellison |
| Popular Name | Larry Ellison |
| Gender | Male |
| Birth Date | August 17, 1944 |
| Age | 79 |
| Parents | Florence Spellman (biological mother), Louis and Lillian Ellison (adoptive parents) |
| Siblings | N/A |
| Birthplace | New York City, New York, USA |
| Nationality | American |
| Ethnicity | Jewish, Italian American |
| Education | University of Illinois at Urbana-Champaign (no degree), University of Chicago (one term) |
| Marital Status | Divorced |
| Sexual Orientation | Straight |
| Wife/Spouse | Adda Quinn (1967–1974), Nancy Wheeler Jenkins (1977–1978), Barbara Boothe (1983–1986), Melanie Craft (2003–2010) |
| Children | David Ellison, Megan Ellison |
| Dating | N/A |
| Net Worth | $172.6 billion according to Forbes |
| Source of Wealth | Oracle Corporation, Investments |
| Height | 6 ft 3 in (1.91 m) |
What is the Net Worth of Larry Ellison in 2024?
Larry Ellison’s net worth in 2024 is a staggering $172.6 billion. This immense wealth places him at number 5 on the list of the world’s richest individuals as of June 12, 2024.
To put this in perspective, consider Jeff Bezos, who has a net worth of approximately $204.4 billion, and Elon Musk, with around $207.9 billion.
Ellison’s fortune is primarily derived from his holdings in Oracle Corporation, where he owns just under 40% of the company. His strategic investments and acquisitions have further bolstered his financial standing.
Larry Ellison Finance Overview
The Rise of Oracle and Its Impact on Ellison’s Wealth
Larry Ellison‘s journey to immense wealth began with the founding of Oracle Corporation. The company started small but quickly grew to become a major player in the tech industry.
Key milestones, such as the development of the Oracle Database, propelled the company to new heights.
Significant acquisitions, including the $28.3 billion purchase of Cerner Corporation, have further cemented Oracle’s position in the market.
Oracle’s financial performance has been stellar, with consistent revenue and profit growth. This growth has significantly boosted Ellison’s net worth.
The company’s market share and industry influence continue to expand, ensuring sustained financial success for Ellison.
Major Investments and Their Contributions to Ellison’s Net Worth
Ellison’s financial acumen extends beyond Oracle. He has made strategic investments in real estate, such as purchasing nearly the entire Hawaiian island of Lanai for $300 million in 2012.
This investment not only reflects his personal interests but also contributes significantly to his wealth.
His stock investments are also noteworthy. Ellison owns about 15 million shares in Tesla, showcasing his belief in the future of electric vehicles.
These investments have provided substantial returns, further enhancing his financial portfolio.
Personal Ventures and Financial Contributions
Ellison’s interests are diverse, and his personal ventures reflect this. His investment in yachting, particularly through Oracle Team USA, demonstrates his passion for competitive sailing.
The financial implications of these activities are significant, contributing to his overall net worth.
In aviation, Ellison owns several aircraft, including a Gulfstream V. These high-value assets represent a substantial portion of his personal wealth.
His ownership of these aircraft not only serves personal interests but also adds to his impressive financial portfolio.
Philanthropic Efforts and Their Financial Impact
Ellison is also known for his philanthropic endeavors. Major donations to educational institutions and medical research highlight his commitment to giving back.
Notable contributions include the establishment of the Ellison Institute for Transformative Medicine and significant donations to the Friends of the Israel Defense Forces.
The financial impact of these efforts is twofold. While they reduce his net worth directly, they also enhance his public image and legacy.
These charitable activities showcase Ellison’s dedication to making a positive difference in the world.
Influence of Market Trends
Market trends play a crucial role in shaping Ellison’s financial status. The evolution of the tech industry, particularly Oracle’s adaptation to these changes, has had a significant impact.
Oracle’s ability to stay ahead of industry trends has ensured its market value remains high, directly benefiting Ellison.
Global economic conditions also influence Ellison’s wealth. His investment strategies, particularly during economic fluctuations, demonstrate his financial resilience.
By adapting to market changes, Ellison has maintained and even grown his wealth.
Future Prospects and Financial Outlook
Looking ahead, the future growth of Oracle remains promising. The company’s strategic plans, including potential acquisitions, suggest continued financial success.
Market expectations are high, and financial forecasts indicate further growth in revenue and profits.
Ellison’s potential new ventures and investments will likely explore emerging technologies and markets.
These endeavors are anticipated to have a significant financial impact, contributing to his already substantial net worth.
As a visionary leader, Ellison’s future prospects remain bright, with continued financial success on the horizon.
Social Media Accounts
- Twitter: https://twitter.com/larryellison
FAQs about Larry Ellison
How did Larry Ellison start Oracle?
Ellison co-founded Oracle Corporation in 1977 with Bob Miner and Ed Oates. Initially named Software Development Laboratories, the company created the first commercially viable relational database using SQL.
Oracle went public in 1986 and became the largest database software company by 1992.
What companies does Larry Ellison own?
Beyond Oracle, Ellison’s portfolio includes significant stakes in Tesla and NetSuite.
He also founded Knowledge Universe, an education company, and Sensei Ag, an agriculture tech firm focused on sustainable farming on Lanai, his Hawaiian island.
What philanthropic efforts is Ellison known for?
Ellison focuses his philanthropy on medical research, education, and global food sustainability. He has donated millions to cancer research and established the Lawrence J. Ellison Institute for Transformative Medicine.
What is Larry Ellison’s lifestyle like?
Known for his extravagant lifestyle, he owns properties including a $110 million mansion in Woodside, California, and nearly the entire island of Lanai in Hawaii.
He also has a collection of luxury yachts, private jets, and a significant real estate portfolio in Malibu.
What is Larry Ellison famous for?
He is famous for founding Oracle, a pioneering software company that revolutionized data management with the first commercially viable relational database. His innovations have had a profound impact on the tech industry.
Has Larry Ellison ever appeared in films?
Yes, he has made cameo appearances in several films, most notably in “Iron Man 2,” where he played himself, showcasing his larger-than-life persona in the tech world.
What is Ellison’s connection to Tesla?
He is the second-largest individual shareholder of Tesla, owning over 15 million shares. He joined Tesla’s board in 2018 and has supported Elon Musk’s ventures, including the recent bid to acquire Twitter.
What was Larry Ellison’s first job?
Before founding Oracle, Ellison worked at Ampex Corporation, where he met his future co-founders.
At Ampex, he was responsible for creating a database for the CIA, which laid the groundwork for his future success in the software industry.
Conclusion
To grasp the magnitude of Larry Ellison’s fortune, it’s essential to see him among the top richest CEOs. His financial strategies and business acumen reflect on his enduring success.
For more on influential CEOs like Ellison, visit worldofceos.com.
