Larry Ellison is a well-known American businessman, entrepreneur, and philanthropist who co-founded Oracle Corporation. He is known for his immense wealth and has consistently ranked among the wealthiest people in the world. Ellison’s net worth has fluctuated over the years, with various factors affecting his fortune.
According to Forbes, as of June 2024, Larry Ellison has a net worth of $152 billion, making him the fifth-richest person in the world. Ellison’s net worth has seen a significant increase due to the surge in Oracle’s stock price, which hit an all-time high in June 2024. Ellison’s wealth has also been boosted by his investments in various companies, including Tesla, where he serves on the board of directors.
Ellison’s net worth has been a topic of interest for many years, with his fortune being closely tied to the performance of Oracle and other companies he has invested in. Despite his immense wealth, Ellison is known for his philanthropic efforts, having donated millions of dollars to various causes over the years.
Larry Ellison’s Net Worth
Current Estimates
As of June 13, 2024, Larry Ellison’s net worth is estimated to be $171.1 billion, making him the fifth-richest person in the world according to Forbes [1]. Ellison’s net worth increased by $15 billion overnight as Oracle shares surged [1][3]. Ellison is the co-founder and chairman of Oracle, a multinational computer technology corporation that specializes in developing and marketing computer hardware systems and enterprise software products [1].
Historical Growth
Ellison’s net worth has fluctuated over the years. In 2021, Ellison briefly overtook Jeff Bezos as the world’s third-richest man with a net worth of $93 billion [2]. However, his net worth plummeted by $16 billion as Oracle stock tanked 12% [2]. In 2024, Ellison’s net worth jumped $14 billion overnight, from $138 billion to $152 billion, largely due to his ownership of more than 40% of Oracle [5]. Ellison has been a billionaire since 1994, when Oracle went public [1].
Ranking Among Billionaires
Larry Ellison is consistently ranked among the world’s wealthiest people. In 2021, Forbes ranked Ellison as the ninth-richest person in the world with a net worth of $93 billion [2]. In 2022, Ellison’s net worth increased to $99.5 billion, moving him up to the eighth spot on Forbes’ list of billionaires [4]. As of 2024, Ellison is ranked as the fifth-richest person in the world [1].
Overall, Larry Ellison’s net worth has fluctuated over the years, but he has consistently remained one of the wealthiest people in the world due to his ownership of Oracle.
[1] Forbes. (2024, June 13). Larry Ellison. https://www.forbes.com/profile/larry-ellison/ [2] Forbes. (2021, April 6). Larry Ellison. https://www.forbes.com/profile/larry-ellison/ [3] Yahoo Finance. (2024, June 13). Larry Ellison is $15B richer after Oracle shares hit new all-time high. https://finance.yahoo.com/news/larry-ellison-15b-richer-oracle-145618025.html [4] Forbes. (2022, April 7). Larry Ellison. https://www.forbes.com/profile/larry-ellison/ [5] Fortune. (2024, June 13). Oracle: Larry Ellison wealth jumps $14 billion as shares … https://fortune.com/2024/06/13/larry-ellison-fortune-growth-oracle-ai-seventh-richest/
Sources of Wealth
Larry Ellison’s net worth is estimated to be over $170 billion, making him one of the richest people in the world. Ellison’s wealth comes from various sources, including his role as the founder and CEO of Oracle Corporation, his investments and ventures, and his extensive real estate holdings.
Oracle Corporation
Oracle Corporation is a multinational computer technology corporation that Ellison co-founded in 1977. Under his leadership, the company has become a major player in the software industry, offering a wide range of products and services to businesses and organizations across the globe. Ellison’s net worth is largely tied to his ownership of Oracle stock, which has seen significant growth over the years.
Investments and Ventures
Ellison has also made numerous investments and ventures outside of Oracle, which have contributed to his vast wealth. One notable investment was his purchase of a 98% stake in the Hawaiian island of Lanai in 2012, which he reportedly bought for $300 million. Ellison has also invested in companies such as Tesla, Salesforce, and NetSuite, and has been involved in various philanthropic ventures.
Real Estate Holdings
Ellison is known for his extensive real estate holdings, which include multiple homes in California, Hawaii, and Japan, as well as numerous commercial properties. One of his most notable properties is a $200 million estate in Woodside, California, which he reportedly purchased in 2011. Ellison also reportedly owns a number of luxury yachts, including the 453-foot-long Rising Sun, which he co-owns with media mogul David Geffen.
In summary, Larry Ellison’s vast net worth is the result of his success as the founder and CEO of Oracle Corporation, his investments and ventures, and his extensive real estate holdings.