Larry Ellison Net Worth - Tech Titan With A Wealth Over $118 Billion
Larry Ellison is a billionaire businessman and philanthropist who co-founded Oracle Corporation, one of the world's leading software companies. With his business ventures, real estate properties, and an extensive collection of yachts, planes, and automobiles, Larry Ellison net worth continues to grow.
James K.Apr 08, 20231 Shares370 Views
Larry Ellison is a billionaire businessman and philanthropist who co-founded Oracle Corporation, one of the world's leading software companies. He is known for his impressive net worth, which makes him one of the wealthiest individuals in the world.
With his business ventures, real estate properties, and an extensive collection of yachts, planes, and automobiles, Larry Ellison net worthcontinues to grow. In this article, we will explore the life and accomplishments of Larry Ellison and delve into the details of his net worth.
Larry Ellison was born in New York City on August 17, 1944, to a single mother. His mother gave him up for adoption, and he was raised by his great-aunt and great-uncle in Chicago. Ellison showed an early interest in technology and attended the University of Illinois Urbana-Champaign to study physics and mathematics.
However, he dropped out of collegetwice and later moved to California to work in the computer industry. In the late 1960s, he worked at Ampex Corporation, where he was inspired to start his own company. In 1977, Ellison co-founded Oracle Corporation, which became one of the world's largest software companies.
DOCUMENTARY On Larry Ellison | The Story Of Oracle | Software Billionaire | Biography
Larry Ellison's career began in the late 1960s when he worked at Ampex Corporation. It was there that he was inspired to start his own company. In 1977, he co-founded Oracle Corporation with two partners, Bob Miner, and Ed Oates. Initially, the company focused on building relational database management systems. In the early 1980s, Oracle started to grow rapidly, and by the mid-1980s, it had become a leading player in the database software market.
Under Ellison's leadership, Oracle continued to expand its offerings, including middleware, enterprise software applications, and cloud computing services. Ellison served as the CEO of Oracle for 37 years, until his resignation in 2014. During his tenure, he transformed the company into one of the largest and most successful technology companies in the world.
Aside from his work with Oracle, Ellison has also been involved in other ventures, including founding the Ellison Medical Foundation, which supports research into aging and age-related diseases. He has also been involved in America's Cup yacht racing, founding and leading the Oracle Racing team.
As of 2023, Larry Ellison's net worth is estimated to be $118.3 billion. He is one of the wealthiest people in the world, ranking consistently among the top ten on Forbes' billionaire list.
Ellison's net worth is largely derived from his shares in Oracle Corporation. He owns about 26% of the company's shares, which have appreciated significantly over the years. In addition, Ellison has also invested in a range of other assets, including real estate, yachts, and art.
Larry Ellison, the co-founder of Oracle Corporation, is known for his extravagant lifestyle, which includes owning several high-end properties. Some of the real estate properties owned by Ellison are:
Porcupine Creek Estate- This 249-acre estate located in Rancho Mirage, California, was purchased by Ellison in 2011 for $42.9 million. The property includes a 16,000-square-foot main house, eight guesthouses, a private lake, a pool, and a golf course.
Woodside Estate- This 23-acre estate located in Woodside, California, was purchased by Ellison in 1995 for $23 million. The property includes a 9,000-square-foot main house, a guesthouse, a lake, a Japanese tea house, and a koi pond.
Malibu Estate - This 9.5-acre estate located in Malibu, California, was purchased by Ellison in 2012 for $36.9 million. The property includes a 13,000-square-foot main house, a guesthouse, a pool, a tennis court, and a beach house.
Epiphany Hotel- This luxury hotel located in downtown Palo Alto, California, was purchased by Ellison in 2011 for $71.6 million. The hotel features 86 rooms, a restaurant, a rooftop bar, and a spa.
Lake Tahoe Estate- This 2.62-acre estate located in Glenbrook, Nevada, was purchased by Ellison in 2014 for $20.35 million. The property includes a 9,242-square-foot main house, a guesthouse, a pool, a beach, and a pier.
Ellison's real estate holdings are a significant contributor to his net worth, which is estimated to be over $118.3 billion.
Larry Ellison is a billionaire and a lover of luxury, and this is evident in his collection of planes, yachts, and automobiles. Here are some details about his impressive fleet:
Planes - Ellison owns several private planes, including two Gulfstream V jets, which he reportedly purchased for around $38 million each. He also owns a fighter jet, a Soviet-era MiG-29, which he bought in 1997 for $40 million.
Yachts- Ellison is known for his love of sailing and has several luxury yachts, including the 138-meter-long "Rising Sun," which he co-owns with media mogul David Geffen. The yacht is estimated to be worth over $200 million and includes features such as a basketball court, a cinema, and a Jacuzzi. He also owns a 91-meter-long yacht called "Musashi," named after a famous Japanese samurai, which reportedly cost around $100 million.
Automobiles- Ellison has a collection of luxury sports cars, including a McLaren F1, a Lexus LFA, and a Porsche 959. He also owns a collection of vintage cars, including a 1936 Bugatti Type 57SC Atlantic, which he reportedly purchased for over $40 million in 2010.
Larry Ellison is known for his philanthropy, having donated billions of dollars to various causes over the years. Some of his notable philanthropic efforts include:
The Ellison Medical Foundation- In 1997, Ellison founded the Ellison Medical Foundation, which funds research into aging and age-related diseases. Over the years, the foundation has donated millions of dollars to support medical research.
The Lawrence Ellison Foundation- In 2018, Ellison founded the Lawrence Ellison Foundation, which aims to improve global health, education, and the environment. The foundation has donated millions of dollars to causes such as fighting malaria and other infectious diseases.
Education- Ellison has donated millions of dollars to education-related causes, including the founding of the Ellison Institute for Transformative Medicine at the University of Southern California, which focuses on cancer research.
The environment- Ellison has also donated millions of dollars to environmental causes, including the establishment of the Ocean Cleanup project, which aims to remove plastic pollution from the world's oceans.
Disaster relief- Ellison has also donated millions of dollars to disaster relief efforts, including the 2004 Indian Ocean earthquake and tsunami, the 2010 earthquake in Haiti, and the 2018 California wildfires.
Ellison has also signed the Giving Pledge, a commitment by some of the world's wealthiest individuals to donate the majority of their wealth to charitable causes. Ellison's philanthropic efforts have made a significant impact on various causes and have helped to improve the lives of many people around the world.
Larry Ellison net worth is a testament to his success as an entrepreneurand businessman. With a combination of savvy investments, lucrative business ventures, and a love for luxury, Ellison has amassed an impressive fortune that places him among the wealthiest individuals in the world.
Despite his immense wealth, Ellison is also known for his philanthropic efforts, which have supported medical research, education, the environment, and disaster relief efforts. His net worth is a reflection of his impressive accomplishments and the impact he has had on various causes around the world.