Larry Ellison is a well-known American entrepreneur and businessman who co-founded Oracle Corporation, one of the world’s largest software companies. He has been a prominent figure in the tech industry for several decades, and his net worth has continued to grow over the years.
As of the current date of 2023-04-05, Ellison’s net worth is estimated to be over $100 billion, making him one of the wealthiest people in the world. His fortune has been built through his work at Oracle, as well as through various investments and real estate holdings.
Ellison’s rise to success has been marked by both controversy and innovation. He is known for his outspoken personality and his willingness to take risks in business, which has led to both successes and failures throughout his career. Despite this, he remains a prominent figure in the tech world and a symbol of the American Dream.
Early Life and Career
Larry Ellison, born on August 17, 1944, in New York City, was adopted by his aunt and uncle when he was just nine months old. He grew up in a middle-class family and showed an interest in technology from an early age. Ellison attended the University of Illinois at Urbana-Champaign but dropped out before completing his degree.
Ellison moved to California in the 1960s and worked odd jobs while pursuing his passion for computer programming. In 1977, he co-founded Software Development Laboratories with two partners. The company was later renamed Oracle Corporation, and Ellison served as its CEO for many years.
Under Ellison’s leadership, Oracle became one of the largest software companies in the world, specializing in database management systems. Ellison was known for his aggressive business tactics and his willingness to take risks. He was also a pioneer in cloud computing, recognizing early on the potential of the technology.
Ellison’s success at Oracle made him one of the wealthiest people in the world. As of March 2023, his net worth is estimated to be roughly $102 billion, making him one of the richest people on the planet.
Oracle Corporation
Larry Ellison is best known as the co-founder and former CEO of Oracle Corporation, one of the world’s largest software companies. Oracle is a multinational computer technology corporation that specializes in developing and marketing database software and technology, cloud engineered systems, and enterprise software products. The company was founded in 1977 by Larry Ellison, Bob Miner, and Ed Oates.
Under Ellison’s leadership, Oracle became a dominant player in the software industry, with a market capitalization of over $200 billion. Ellison served as CEO of Oracle for 37 years before stepping down in 2014. Despite stepping down as CEO, Ellison still serves as board chairman and chief technology officer.
Oracle’s revenue has continued to grow under the leadership of Safra Catz and Mark Hurd, who were appointed as co-CEOs in 2014. In 2022, Oracle reported a revenue of $41.4 billion, an increase from the previous year. The company has also expanded its offerings to include cloud computing services and artificial intelligence technology.
Oracle is known for its aggressive acquisition strategy, having acquired over 100 companies since its founding. Some of its notable acquisitions include Sun Microsystems, PeopleSoft, and NetSuite. Oracle’s acquisition of Sun Microsystems in 2010 for $7.4 billion gave the company control over the Java programming language and the Solaris operating system.
Despite facing competition from other software giants such as Microsoft and Amazon, Oracle continues to be a major player in the software industry. As of 2023, Oracle has a market capitalization of over $200 billion and is considered one of the largest software companies in the world.
Investments and Acquisitions
Larry Ellison’s investments and acquisitions have played a significant role in his net worth. He has invested in a wide range of industries, including technology, real estate, sports, and more.
Ellison’s most notable investment is in the software company Oracle, which he co-founded in 1977. He served as the CEO of Oracle until 2014 and currently serves as the company’s chairman and chief technology officer. As of 2023, Ellison’s net worth is estimated at $117.3 billion, making him one of the richest people in the world.
In addition to Oracle, Ellison has also invested in Tesla, the electric car company founded by Elon Musk. Ellison purchased 15 million shares of Tesla in 2018, which are currently worth over $16 billion.
Ellison has also made significant real estate investments. In 2019, he purchased the Epiphany Hotel in Palo Alto, California, for $71.6 million. He also owns several other properties, including a $200 million estate in Rancho Mirage, California, and a $110 million mansion in Woodside, California.
Ellison has also made several notable acquisitions in the sports industry. In 2012, he purchased the Hawaiian island of Lanai for an estimated $300 million. He also owns the Indian Wells tennis tournament and the SailGP sailing league.
Overall, Ellison’s investments and acquisitions have helped him amass a fortune that most people can only dream of. His diverse portfolio has allowed him to make significant contributions to various industries and positions him as a major player in the business world.
Philanthropy
Larry Ellison’s philanthropy has been modest so far relative to his net worth. However, he has still given a substantial sum over time through his Lawrence Ellison Foundation (previously the Ellison Medical Foundation) — reportedly more than $800 million. Ellison’s philanthropic focus is on medical research, and he has donated to various organizations working in the field.
One of the major recipients of Ellison’s philanthropy is the Ellison Medical Foundation, which focuses on aging and age-related diseases. The foundation has funded research in areas such as Alzheimer’s disease, cancer, and vision loss. Ellison has also donated to the Stanford University School of Medicine, which has named a research center after him.
Ellison has also donated to wildlife conservation efforts. In 2018, he donated $1 million to the Jane Goodall Institute to support conservation efforts for chimpanzees in Tanzania. Ellison is known to have a fascination with wildlife and has a personal interest in conservation efforts.
Despite his substantial net worth, Ellison has been criticized for not giving away more of his wealth. Some have argued that he could be doing more to address pressing social issues such as poverty and inequality. However, Ellison has defended his philanthropy, stating that he believes that medical research is the area where he can make the most significant impact.
Personal Life
Larry Ellison, born on August 17, 1944, grew up in a middle-class Jewish family in Chicago. He was adopted by his aunt and uncle at the age of nine months after his biological mother gave him up for adoption. Ellison attended the University of Illinois at Urbana-Champaign but dropped out before completing his degree.
Ellison has been married four times and has two children. He married his first wife, Adda Quinn, in 1967, but they divorced a year later. He then married Nancy Wheeler Jenkins in 1977, but they separated in 1978. In 1983, he married his third wife, Barbara Boothe, and they divorced in 1986. Ellison married his fourth wife, Melanie Craft, in 2003, and they divorced in 2010.
Ellison is known for his extravagant lifestyle and has a passion for luxury cars and yachts. He owns several properties, including a $110 million estate in Woodside, California, and a $200 million yacht named “Rising Sun.” Ellison is also an avid pilot and owns several planes, including a fighter jet.
Despite his immense wealth, Ellison is also known for his philanthropic efforts. In 2016, he pledged to donate $200 million to the University of Southern California for a cancer treatment center. He has also donated millions to wildlife conservation and medical research.
Net Worth and Assets
Larry Ellison is one of the richest people in the world, and his net worth has been climbing steadily over the years. As of 2023, Forbes estimates his net worth to be $103.5 billion, making him the sixth richest person in the world.
Ellison’s wealth comes primarily from his stake in Oracle Corporation, the software company he founded in 1977. He owns about 35% of the company, which has a market capitalization of around $300 billion.
In addition to his Oracle holdings, Ellison has a variety of other assets. He owns several homes, including a $200 million estate in Rancho Mirage, California, and a $110 million mansion in Woodside, California. He also owns a private island in Hawaii, which he reportedly purchased for $600 million.
Ellison is known for his love of yachts, and he owns several. His current yacht, the 138-meter-long “Rising Sun,” is one of the largest in the world and reportedly cost around $200 million to build. He also owns a fleet of luxury cars, including a McLaren F1 and a Lexus LFA.
Despite his extravagant lifestyle, Ellison is also known for his philanthropy. He has donated hundreds of millions of dollars to various causes over the years, including medical research, education, and wildlife conservation.
