Larry Ellison, the co-founder and former CEO of Oracle Corporation, has an estimated net worth of $204 billion as of November 2024.
He is one of the wealthiest individuals in the world, primarily due to his substantial ownership in Oracle, the software giant he co-founded in 1977.
He owns approximately 42% of Oracle, which has been the primary source of his wealth.
Since taking Oracle public in 1986, Ellison has made significant personal profits from stock sales and dividends, having earned over $12 billion from Oracle stock and dividends since 2003.
In addition to his holdings in Oracle, Ellison has also benefited from his investment in Tesla. He first acquired a 1.7% stake in Tesla in 2018, which he increased to about 1.5% in subsequent years.
This stake has been particularly lucrative, especially as Tesla’s market value soared to over $1 trillion, with Ellison’s stake reaching a value of up to $15 billion.
However, in August 2022, Ellison stepped down from Tesla’s board, although his stake in the electric car company remains a significant part of his portfolio.
Ellison’s wealth is also bolstered by his expansive and luxurious real estate holdings. In 2012, he purchased Lanai, the Hawaiian island, for $300 million.
The island purchase included 98% of the island’s land and its infrastructure, including the Four Seasons Hotel.
He has spent hundreds of millions of dollars developing and improving the island, including creating roads, water treatment facilities, and a state-of-the-art movie theater.
His personal real estate portfolio spans several multimillion-dollar properties around the world. One of his most notable residences is his 45-acre estate in Woodside, California, designed in the style of a 16th-century Japanese estate, which is estimated to be worth at least $200 million.
Larry Ellison’s other properties include Malibu mansions, Lake Tahoe estates, a $43 million golf course property in Rancho Mirage, and an $80 million mansion in Palm Beach, Florida. In 2022, he made headlines by purchasing a $175 million estate near Palm Beach, known as Gemini, which was one of the largest real estate deals in U.S. history at the time.
Ellison has also been active in various ventures outside of Oracle and real estate. He has long been a passionate tennis enthusiast and owns the Indian Wells Tennis Garden in California, along with the Indian Wells Masters tournament.
His involvement in sailing is equally prominent, as he previously owned one of the largest yachts in the world, the Rising Sun, a $200 million vessel that he later sold to music mogul David Geffen. Ellison is also known for his interest in aviation, owning several private aircraft, including a Gulfstream G650 and a military fighter jet.
Beyond his personal wealth, Ellison has demonstrated significant philanthropic efforts.
He has donated over $400 million to various causes, including a notable $200 million donation to the University of Southern California in 2016 to fund a cancer research institute.
Ellison has also signed The Giving Pledge, committing to donate the majority of his wealth to charitable causes.
Throughout his career, Ellison has been known for his larger-than-life personality and his ambitious pursuit of innovation and wealth.
He is frequently ranked among the richest people in the world, alongside other billionaires such as Jeff Bezos, Bill Gates, and Elon Musk.
