What is Larry Ellison’s Net Worth?
| net worth: | $142.1 billion |
|---|---|
| age: | 79 |
| date of birth: | August 17, 1944 |
| gender: | male |
| high: | 1.91 m (6 ft 3 in) |
| country of origin: | USA |
| Source of wealth: | entrepreneur |
| Last updated: | February 15, 2024 |
introduce
Larry Ellison is an American business magnate and investor.
Ellison is the co-founder and executive chairman of Oracle Corporation.
Ellison is ranked as the ninth-richest person in the United States by the Bloomberg Billionaires Index and is also the owner of the 41st largest island in the United States.
Larry Ellison’s net worth is estimated to be approximately $142.1 billion.
early life
Lawrence Joseph Ellison was born on August 17, 1944 in New York City.
His biological father was an Italian-American Army Air Corps pilot, and he did not meet his biological mother until he was 48 years old.
Ellison moved to the South Shore of Chicago. His adoptive mother was a loving woman.
His adoptive father was estranged from him, and he chose the name Ellison to commemorate the place where he entered the United States.
Profession
Ellison was married four times and had five children.
He was married to Barbara Boothe from 1983 to 1986. His two children, David and Megan Ellison, are both film producers.
Ellison took Oracle public in 1986, the day before his lifelong rival Bill Gates took Microsoft public.
Larry owned 39% of Oracle at the time of the IPO. At the end of the first day of trading, Oracle’s market value was $270 million, meaning Larry’s net worth on paper that day was $105.3 million.
In 1990, Oracle was on the verge of bankruptcy. After losing more than 50% of its market value, it had only a few months of cash in the bank.
Ellison owns 22% of Oracle and has a net worth of more than $70 billion.
Ellison has pledged 315 million Oracle shares as collateral for lines of credit and personal debts, and has made about $9 billion from Oracle stock sales and dividends since 2003.
Larry Ellison Net Worth
Larry Ellison’s net worth is estimated to be approximately $142.1 billion.
Larry Ellison’s net worth over time
| Year | net worth |
|---|---|
| 2009 | $27 billion |
| 2010 | $28 billion |
| 2011 | $36.5 billion |
| 2012 | $44 billion |
| 2013 | $43 billion |
| 2014 | $48 billion |
| 2015 | $54.3 billion |
| 2016 | $43.6 billion |
| 2017 | $52.2 billion |
| 2018 | $58.5 billion |
| 2019 | $62.5 billion |
| 2020 | $59 billion |
| 2021 | $93 billion |
| 2022 | $106 billion |
| 2023 | $107 billion |
| 2024 | $142.1 billion |
How does Larry Ellison spend his money?
Larry Ellison spends his money on real estate, tennis and vacations.
Larry Ellison’s Home
Ellison’s real estate portfolio includes properties around the world, including homes in Hawaii, Japan, Malibu, Lake Tahoe, San Francisco and Rhode Island.
His primary residence is a 45-acre estate in Woodside, California, which is likely worth at least $200 million. The mansion was modeled after a 16th-century Japanese manor. It sits on 45 acres and features a main house, a two-bedroom guest house, three cottages, and a barn that was converted into a gym.
Larry Ellison’s Other Purchases
Ellison is a tennis enthusiast who owns the Indian Wells Tennis Garden in California and for many years also owned the Rising Sun, the 12th largest yacht in the world.
Larry Ellison’s plane
Ellison has traveled around the world in a Gulfstream V. In 2013, he acquired an airline called Island Air to help bring guests to Lanai. He also owns two military fighter jets, a retired Soviet MiG-29 and a SIAI-Marchetti S.211.
emphasize
Here are some highlights from Larry Ellison’s career:
- Co-founder of Oracle Corporation
- Ranked as the ninth richest person in the United States by the Bloomberg Billionaires Index (2021)
Larry Ellison’s Favorite Quotes
“What is Oracle? A group of people. All of our products are just ideas in these people’s heads – ideas that people put into computers, tested, and ultimately found to be the best ideas for databases or programming languages.” – Larry Ellison
“We continue to expand our footprint…Oracle’s Fusion cloud applications for HCM, CRM, and ERP all feature new simplified user interfaces and integrated social networks, making our enterprise applications as easy to use and familiar as Facebook while enabling better collaboration and teamwork among your employees and customers.” – Larry Ellison
“I’m in two modes when I’m on Lanai: engineering mode, where I’m trying to find the right location for the reservoir and desalination plant, and working on designs for new hotel rooms. The rest of the time, I’m in decompression mode. I’ll be swimming at Hulopoe Beach or surfing my surfboard surrounded by 100 spinner dolphins.” – Larry Ellison
“There are several organic wineries on the island, which are ideally located. But the reintroduction of commercial agriculture to Lanai is entirely dependent on increasing the amount of water available on the island. So we will use solar energy to convert seawater into fresh water.” – Larry Ellison
“It’s so surreal to think that I own this beautiful island. It feels like Lanai is not something that just anyone can own. This is a really cool 21st century engineering project for me, where I get to work with the people of Lanai to create a thriving and sustainable Eden in the Pacific.” – Larry Ellison
3 life lessons from Larry Ellison
Now that you know about Larry Ellison’s net worth and how he achieved his success; let’s look at some lessons we can learn from him:
1. Be prepared
When you innovate, you have to be prepared that everyone is going to call you crazy.
2. Modern Cloud
We believe that the modern cloud lets you decide when to upgrade. We don’t make the decision for you.
3. Take care of your employees
Taking care of your employees is extremely important and very visible.
Frequently Asked Questions
How much is Larry Ellison worth?
Larry Ellison’s net worth is estimated to be $142.1 billion.
How old is Larry Ellison?
Larry Ellison was born on August 17, 1944 and is 79 years old.
How tall is Larry Ellison?
Larry Ellison’s height is 1.91 meters, which is equivalent to 6 feet 3 inches.
Summary
Larry Ellison is an American billionaire entrepreneur who amassed his vast wealth as the founder of software giant Oracle. He served as Oracle’s CEO until 2014.
He is one of the richest men in the world, behind tycoons such as Jeff Bezos, Bill Gates, Warren Buffett and Bernard Arnault. He has been the highest paid executive in the world many times.
Larry Ellison’s net worth is estimated to be approximately $142.1 billion.
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Categories: Net Worth
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