Larry Ellison, the chief technology officer of Oracle, has a net worth of approximately $120 billion. Born in The Bronx, New York, Ellison co-founded Oracle Corporation and played a pivotal role in its success.
Despite dropping out of college, Ellison went on to become one of the richest individuals in the world. His wealth largely stems from his ownership stake in Oracle, which he co-founded in 1977. Ellison’s business acumen, combined with his dedication to innovation and strategic investments, have contributed to his immense wealth.
Today, Ellison is recognized as one of the most influential figures in the technology industry, and his net worth reflects his tremendous success.
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Larry Ellison Net Worth
Larry Ellison, the co-founder and former CEO of Oracle Corporation, is widely recognized as one of the wealthiest individuals in the world. With a remarkable journey from rags to riches, Ellison has amassed an impressive net worth through his entrepreneurial endeavors, investments, and ventures. Let’s delve into the details of Larry Ellison’s early life, the founding and success of Oracle, as well as his notable investments and ventures.
Early Life And Background
Larry Ellison was born in The Bronx, New York, and grew up in a modest household. Despite facing numerous challenges, his ambition and determination propelled him towards success. Ellison’s interest in computers and technology emerged at a young age, setting the foundation for his future achievements. He attended the University of Chicago before dropping out to pursue his entrepreneurial aspirations.
Founding And Success Of Oracle
In 1977, Larry Ellison founded Oracle Corporation, a company that specialized in developing and marketing database software. With Ellison’s visionary leadership and relentless pursuit of innovation, Oracle quickly rose to prominence in the tech industry. The company’s flagship product, the Oracle Database, became widely adopted by businesses worldwide. Under Ellison’s guidance, Oracle expanded its product offerings and established itself as a global technology powerhouse.
Investments And Ventures
Beyond his involvement in Oracle, Larry Ellison has ventured into various investments and ventures, solidifying his financial success. Ellison’s diverse portfolio includes real estate, with his ownership of the Hawaiian island of Lanai being particularly noteworthy. Additionally, he has made strategic investments in companies such as Tesla, Apple, and Salesforce, further boosting his wealth. This astute business acumen has propelled Larry Ellison to the upper echelons of the world’s wealthiest individuals.
In conclusion, Larry Ellison’s net worth is a testament to his exceptional entrepreneurial journey and investment acumen. From humble beginnings to becoming one of the richest individuals globally, Ellison’s story serves as an inspiration to aspiring entrepreneurs and business leaders alike.
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Larry Ellison’s Assets
Larry Ellison, the Chief Technology Officer of Oracle, has amassed a significant net worth. With assets in various ventures, including Oracle, his net worth reflects his success as a rich businessman.
Real Estate Holdings
Larry Ellison, the renowned technology entrepreneur and co-founder of Oracle Corporation, has built an extensive portfolio of real estate holdings over the years. Known for his luxurious lifestyle, Ellison’s real estate assets are a testament to his extravagant taste and vast wealth.
One notable property in his collection is the Porcupine Creek estate in Rancho Mirage, California. Spread across a sprawling 249 acres, this magnificent estate features a championship golf course, a massive main residence, multiple guesthouses, tennis courts, and even a private water park. It is estimated to be worth several hundred million dollars, affirming Ellison’s penchant for opulence.
Additionally, Ellison owns several properties in Malibu, including the Carbon Beach Compound. This luxurious beachfront estate spans multiple parcels and boasts stunning ocean views. It is rumored that Ellison paid a staggering $37 million for this lavish property, which is a testament to his taste for exquisite coastal living.
Luxury Yachts
When it comes to luxury yachts, Larry Ellison knows how to make a splash. The billionaire entrepreneur has an affinity for the high seas and is the proud owner of multiple state-of-the-art yachts.
One of his most notable vessels is the “Rising Sun,” which is known for its extravagant features. With a length of over 450 feet, this megayacht offers opulent amenities like a cinema, a spa, a gym, and even a basketball court. Valued at a jaw-dropping $200 million, the “Rising Sun” is a testament to Ellison’s love for grandeur and extravagance on the open waters.
In addition to the “Rising Sun,” Ellison is also the owner of the “Musashi” and “Katana,” two impressive yachts that exude sophistication and luxury. These sleek vessels allow Ellison to indulge in his passion for yachting while cruising in style.
Private Islands
As if his real estate holdings and luxury yachts weren’t enough, Larry Ellison also owns several private islands, further showcasing his extraordinary wealth.
One of his most prized possessions is the island of Lanai in Hawaii. Ellison purchased a majority stake in the island in 2012, effectively becoming the owner of nearly 98% of its land. Lanai is a tropical paradise spanning more than 140 square miles, featuring pristine beaches, luxurious resorts, and stunning natural beauty. Ellison’s ownership of Lanai has transformed the island into a haven for the affluent and a playground for the rich and famous.
In addition to Lanai, Ellison also reportedly owns other private islands in the Caribbean. These secluded and exclusive retreats serve as the perfect getaway for the billionaire mogul, allowing him to enjoy privacy and tranquility in the lap of luxury.
Philanthropy And Personal Life
Larry Ellison, the Chief Technology Officer of Oracle, is known for his immense net worth. With his successful business ventures, he has accumulated significant wealth, making him one of the richest individuals in the world.
Ellison Medical Foundation
One of Larry Ellison’s notable philanthropic endeavors is the Ellison Medical Foundation. Established in 1997, the foundation focuses on aging and age-related diseases. Through the foundation, Ellison has made significant contributions to medical research, including the study of genomics, cancer, and neuroscience. Notable projects funded by the Ellison Medical Foundation include research on the genetic causes of Alzheimer’s disease and investigations into the molecular basis of aging.Relationships And Family
Larry Ellison’s personal life is also a topic of interest. He has been married and divorced multiple times. Ellison was married to Adda Quinn from 1967 to 1974, had two children with his second wife Nancy Wheeler Jenkins, and was married to writer Melanie Craft from 2003 to 2010. In addition to his marriages, Ellison has two children, Megan Ellison and David Ellison, from his previous marriage to Barbara Boothe.Hobbies And Interests
Beyond his professional achievements, Larry Ellison has a variety of hobbies and interests. He is known for his love of sailing and has been a dedicated participant in sailing competitions, including the America’s Cup. Ellison even founded his own sailing team, Oracle Team USA, which won the America’s Cup in 2010 and defended it in 2013. In addition to sailing, Ellison has a passion for aviation and has amassed an impressive collection of vintage aircraft. Overall, Larry Ellison’s philanthropic efforts through the Ellison Medical Foundation, his relationships and family life, and his hobbies and interests make him a well-rounded individual who has made significant contributions both professionally and personally.
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Frequently Asked Questions For Larry Ellison Net Worth
How Is Larry Ellison So Rich?
Larry Ellison is rich due to his success as the co-founder and former CEO of Oracle Corporation, a multinational technology company. He has accumulated wealth through his shares in Oracle and various investments.
How Much Of Oracle Does Larry Own?
Larry Ellison owns a significant portion of Oracle, but the exact percentage is not publicly disclosed.
Who Is The Fifth Richest Person In The World?
Larry Ellison is the fifth richest person in the world with a net worth of $119 billion.
How Much Does Larry Ellison Make At Oracle?
Larry Ellison’s salary at Oracle is not publicly disclosed. However, as of 2021, his net worth was estimated to be around $92 billion.
How Did Larry Ellison Become So Rich?
Larry Ellison’s incredible wealth can largely be attributed to his co-founding of Oracle Corporation, a tech giant that revolutionized the database industry.
What Is Larry Ellison Famous For?
Larry Ellison is famous for being the co-founder and former CEO of Oracle Corporation, as well as his extravagant lifestyle and investments.
How Much Of Oracle Does Larry Ellison Own?
As of the most recent data, Larry Ellison owns around 35% of Oracle Corporation, making him one of the largest individual shareholders.
Is Larry Ellison One Of The Richest People In The World?
Yes, Larry Ellison consistently ranks among the richest individuals globally, often securing a spot within the top 10 or even top 5.
How Much Does Larry Ellison Earn At Oracle?
While official figures aren’t publicly disclosed, Larry Ellison’s compensation at Oracle Corporation has been known to be in the millions or even billions per year.
What Are Some Of Larry Ellison’s Notable Investments?
Larry Ellison has made notable investments in various sectors, including real estate, sailing, and even launching his own private airline.
Conclusion
Larry Ellison’s net worth is a testament to his incredible success and business acumen. As the co-founder and former CEO of Oracle Corporation, Ellison has amassed a fortune that places him among the richest people in the world. With a net worth of over $100 billion, Ellison’s wealth is a result of his dedication, innovation, and strategic thinking.
His contributions to the technology industry have made him a household name, and his story serves as an inspiration to aspiring entrepreneurs everywhere.
