Larry Ellison Net Worth 2024
As of 2024, Larry Ellison’s wealth is estimated to be around $210 billion. The Oracle co-founder has consistently ranked among the richest people in the world, thanks to the continued growth of Oracle and his diverse investments. Ellison’s fortune has been significantly influenced by Oracle’s stock performance, strategic acquisitions, and his personal investments in companies like Tesla.
How Did Larry Ellison Get So Rich?
Larry Ellison’s journey to immense wealth began when he founded Oracle in 1977. The company quickly became a leader in database software, revolutionizing the way businesses manage data. Over the years, Oracle expanded into cloud computing, competing with giants like Amazon Web Services. Strategic acquisitions, including Sun Microsystems and NetSuite, further solidified Oracle’s dominance.
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Beyond Oracle, Ellison has made lucrative investments in technology, real estate, and entertainment. His stake in Tesla has grown significantly, adding billions to his fortune. Additionally, his real estate empire includes high-profile properties in Malibu, Hawaii, and Lake Tahoe.
Who is the No. 1 Richest Person in the World?
While Ellison is among the wealthiest individuals, the title of the richest person fluctuates. In 2024, contenders for the top spot include Elon Musk, Jeff Bezos, and Bernard Arnault. Factors such as stock market performance and business success determine who holds the position at any given time.
How Much of Tesla Does Larry Ellison Own?
Larry Ellison has been a notable investor in Tesla, acquiring a significant stake in the company. At one point, he owned around 1.5% of Tesla’s shares, making him one of its major shareholders. His friendship with Elon Musk and belief in Tesla’s vision led him to join its board of directors in 2018 and stepped down in 2022 according to Investopedia. With Tesla’s stock price surging over the years, Ellison’s investment has yielded substantial returns.
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What is the Salary of the CEO of Oracle?
Oracle’s CEO compensation has been a topic of discussion, given the company’s prominence in the tech industry. In 2024, Oracle’s CEO, Safra Catz, received a total compensation package exceeding $100 million, including salary, bonuses, and stock options. Larry Ellison, as the chairman and chief technology officer, continues to receive substantial compensation through stock grants and dividends from Oracle’s stock.
Larry Ellison’s Lifestyle & Assets
Ellison’s wealth is reflected in his lavish lifestyle. He owns a private island in Hawaii, multiple estates in California, and luxury properties in Lake Tahoe. His passion for yachts and aviation is evident in his collection of high-end jets and one of the world’s most extravagant superyachts. Additionally, he has invested in entertainment ventures, with his son David Ellison making a name in Hollywood as a producer and executive.
Larry Ellison’s Philanthropy & Contributions
Despite his immense wealth, Ellison has also made significant philanthropic contributions. His foundation focuses on medical research, education, and environmental conservation. In recent years, he has pledged millions to healthcare initiatives and university programs. While he has not signed the Giving Pledge, like some other billionaires, he has expressed intentions to donate a large portion of his fortune to charitable causes.
Conclusion
Larry Ellison’s journey from a college dropout to one of the richest people in the world is a testament to his business acumen and vision. His leadership at Oracle, strategic investments, and real estate empire have all contributed to his vast fortune. As Oracle continues to compete in the cloud computing space against Amazon Web Services and other tech giants, Ellison’s wealth is expected to keep growing. Whether it’s through business, philanthropy, or his extravagant lifestyle, his influence remains undeniable in the world of technology and beyond.
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