Larry Ellison net worth of $137.1 billion comes mainly from Oracle, where he owns 42% of shares and used some as loan collateral.
He’s made $12 billion from Oracle stock since 2003.
He invested $1 billion in Tesla in 2018, which grew to $15 billion when Tesla reached $1 trillion.
Though briefly the world’s richest in the 1990s, his net worth once dropped to $150 million due to Oracle’s challenges.
Still, Ellison remains a big name in tech and business.
Larry Ellison: Founder and CEO of Oracle
Lawrence Joseph Ellison, born on August 17, 1944, is a prominent figure in American business magnates and investors.
Achieving billionaire status through his remarkable ventures, he has made significant contributions to the tech industry.
As the co-founder, executive chairman, chief technology officer (CTO), and former chief executive officer (CEO) of Oracle Corporation, Ellison has left an indelible mark on the technology landscape.
His influence extends beyond technology into the realms of real estate and natural beauty, notably owning 98% of the Hawaiian island of Lanai.
Larry Ellison’s legacy as the founder and CEO of Oracle remains a testament to his entrepreneurial vision and impact on the business world.
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Larry Ellison’s Biodata
Larry Ellison’s biodata offers a comprehensive snapshot of his life:
- Age: 77 years old as of 2023.
- Faith: Follows the Jewish faith.
- Birthdate: August 17, 1944.
- Sun Sign: Leo.
- Place of Birth: The Bronx, New York, United States.
- Nationality: American.
- Current Residence: Palm Beach, Florida.
- Interests: Ellison has a wide range of interests, including extreme sports like car racing and yacht racing, reflecting his daring spirit and love for exhilarating experiences.
Larry Ellison Net Worth Explained
Larry Ellison’s net worth is a staggering $137.1 billion. Here’s a simple breakdown of how he amassed this wealth:
Oracle Founding and Growth
- Founder of Oracle: Ellison co-founded the software giant Oracle and served as CEO until 2014.
- Significant Shareholder: He owns about 42% of Oracle.
- Wealth from Oracle: Since 2003, Ellison has earned around $12 billion from selling Oracle stock and receiving dividends.
Stock as Collateral
- Using Shares for Loans: He has used about a quarter of his Oracle shares as collateral for personal loans and credit lines.
Investment in Tesla
- Tesla Stake: Ellison owns about 1.5% of Tesla, investing roughly $1 billion in 2018.
- Value of Tesla Investment: When Tesla’s market cap hit $1 trillion, his stake was worth about $15 billion.
Historical Highlights
- World’s Richest at One Point: In the 1990s, Ellison briefly became the world’s richest person, surpassing Bill Gates due to a drop in Microsoft’s stock from an antitrust investigation.
- High CEO Compensation: While CEO, he was one of the highest-paid executives, often earning over $90 million annually, not including dividends and stock sales.
Oracle’s IPO and Early Challenges
- Oracle’s IPO: Oracle went public on March 12, 1986. At the time, Ellison owned 39% of the company, making his net worth $105.3 million by the end of the IPO day.
- Near Bankruptcy in 1990: Oracle almost went bankrupt in 1990, dropping Ellison’s net worth from $500 million to $150 million and putting his position at risk.
Larry Ellison’s Education
Larry Ellison’s educational journey started at South Shore High School in Chicago. Here’s a simplified overview of his path:
University of Illinois at Urbana–Champaign
- Premed Student: Ellison initially enrolled as a premed student.
- Science Recognition: He was named the science student of the year.
Personal Tragedy and Change
- Mother’s Death: Ellison’s adoptive mother passed away, leading him to leave the University of Illinois without completing his final exams.
Move to California and Further Studies
- California in 1966: Ellison moved to California in the summer of 1966.
- University of Chicago: He briefly attended the University of Chicago, studying physics and mathematics.
- Discovery of Computer Design: During his time at the University of Chicago, he developed an interest in computer design.
Career Beginnings
- Berkeley, California: Ellison moved to Berkeley, where he began his career as a computer programmer.
- Tech Industry Contributions: He worked for various companies, eventually leading to his co-founding of Oracle Corporation, making a significant impact on the tech industry.
Larry Ellison’s Food Preferences
Larry Ellison enjoys a healthy diet that includes a variety of vegetables, certain types of fish, and an assortment of fruits.
Larry Ellison’s Hobbies
Yachting is one of Larry Ellison’s cherished hobbies, reflecting his love for maritime pursuits. He is deeply passionate about sailing and owns several luxurious yachts.
Larry Ellison’s Favorite Destinations
Ellison holds a special affection for the Hawaiian islands, considering them a favorite destination. His connection to Hawaii is strong, with significant investments in the region, including owning much of the island of Lanai.
Larry Ellison’s Car Collection
Ellison’s car collection includes high-performance vehicles such as the Audi R8, Lexus LFA, McLaren F1, and Acura NSX. These cars showcase his appreciation for luxury and exceptional automotive engineering.
Larry Ellison Homes and Real Estate: Larry Ellison House
Larry Ellison is known for acquiring prestigious properties, adding another impressive mansion to his real estate portfolio. Here are some highlights:
New Acquisition in North Palm Beach, Florida
- Cost: $80 million.
- Location: North Palm Beach, within a gated community.
- Size: 6 acres with 500 feet of ocean frontage.
- Rank: Third largest oceanfront home in the county.
- Style: Tuscan-style mansion.
Features:
- 15,514 square feet.
- Seven bedrooms.
- Eleven bathrooms.
- A theater.
- A wine room.
- A large lawn suitable for a helicopter.
Neighborhood
Home to other billionaires like Robert Smith, David Tepper, and Steve Wynn.
Larry Ellison’s Wealth
- Recently became the sixth person in the world to reach a net worth of $100 billion.
- Co-founder and chairman of Oracle.
- Holds a substantial stake in Tesla, valued at over $10 billion.
Real Estate Investments
- Forbes estimates his real estate holdings exceed $1 billion.
- Significant Property: Owns 98% of Lanai, Hawaii’s sixth-largest island, purchased for $300 million in 2012 from Dole Food chairman David Murdock.
Background
- Started as a river guide and rock-climbing instructor in California.
- Co-founded Oracle in 1977, which is now worth over $200 billion.
- Ellison’s real estate portfolio includes properties from Newport, Rhode Island, to ambitious projects on Lanai, reflecting his visionary approach to life and business.
Larry Ellison’s Physical Statistics
Larry Ellison stands tall at 191 cm (1.91 m), which is equivalent to 6 feet and 3 inches. He maintains a weight of 85 kg, contributing to his well-proportioned physique.
Body Measurements
- Chest: 34 inches
- Waist: 27 inches
- Biceps: 35 inches
Larry Ellison’s Family
Larry Ellison’s family details provide insight into his personal life:
Parents and Siblings
- Father: Louis Ellison
- Mother: Lillian Ellison
- Brother: Bob Miner
- Sisters: Information about his sisters is not known.
Marital Journey
- First Marriage: Adda Quinn (1967–1974)
- Second Marriage: Nancy Wheeler Jenkins (1977–1978)
- Third Marriage: Barbara Boothe (1983–1986)
- Fourth Marriage: Melanie Craft (2003–2010)
Children
- Daughter: Megan Ellison
- Son: David Ellison
Larry Ellison’s family life includes his parents, a brother, four marriages that ended in divorce, and his two children, Megan and David.
Larry Ellison’s Spouse: Larry Ellison’s Wives
Larry Ellison’s personal life includes a series of marriages and divorces, totaling four over the years:
Adda Quinn (1967–1974)
Ellison’s first marriage was to Adda Quinn. They were married from 1967 to 1974.
Nancy Wheeler Jenkins (1977–1978)
His second marriage was to Nancy Wheeler Jenkins in 1977, just six months before he founded Software Development Laboratories (which later became Oracle). Their marriage ended in divorce in 1978.
Unusually, Wheeler relinquished any claims on Ellison’s company for a sum of $500.
Barbara Boothe (1983–1986)
Ellison’s third marriage was to Barbara Boothe from 1983 to 1986. Barbara had previously worked as a receptionist at Relational Software Inc. (RSI).
Together, they had two children, David and Megan, who have both ventured into the film industry as producers at Skydance Media and Annapurna Pictures, respectively.
Melanie Craft (2003–2010)
His fourth marriage was to Melanie Craft, a romance novelist. They were married on December 18, 2003, at Ellison’s Woodside estate and divorced in 2010.
Larry Ellison’s Girlfriend: Nikita Kahn
Nikita Kahn is a versatile personality known for her roles as an actress, model, and advocate for animal rights. At 28 years old, she shares a significant age difference of 47 years with her boyfriend, Larry Ellison.
Education and Career
- Kahn holds a degree in hospitality tourism and has achieved an MBA from Kyiv National University of Trade and Economics.
- She demonstrates entrepreneurial spirit by founding her own real estate company and venturing into interior design, undertaking noteworthy projects.
- In the film industry, she showcased her talents both on screen, appearing in the action crime-drama film “Catch .44,” and behind the scenes, taking on the role of producer for the documentary “The Last Animals,” reflecting her commitment to social and environmental causes.
With Larry Ellison’s net worth approaching a staggering $70 billion, his relationship with Nikita Kahn adds an interesting dimension to his personal life, showcasing their shared interests and pursuits.
FAQs About Larry Ellison
Here are frequently asked questions and answers about Larry Ellison.
Who is Larry Ellison?
Ans: Larry Ellison is an American billionaire entrepreneur known for co-founding the technology company Oracle Corporation.
What is Oracle Corporation?
Ans: Oracle Corporation is a multinational computer technology company that specializes in developing and marketing database software and technology, cloud solutions, and enterprise software products.
How did Larry Ellison amass his wealth?
Ans: Larry Ellison’s wealth is primarily derived from his co-founding role in Oracle Corporation.
What are some notable aspects of Larry Ellison’s personal life?
Ans: Larry Ellison has been married and divorced four times. His romantic relationships have been the subject of media attention, particularly due to the age difference between him and some of his partners.
What are Larry Ellison’s real estate investments?
Ans: Larry Ellison has invested significantly in real estate, owning properties in various locations, including Woodside, California; Newport, Rhode Island; Lanai, Hawaii; and Malibu, California, among others.
What other interests does Larry Ellison have besides technology and business?
Ans: In addition to his tech and business ventures, Larry Ellison is known for his involvement in competitive sailing, film, and art.
Who is Nikita Kahn, and what is her connection to Larry Ellison?
Ans: Nikita Kahn is an actress, model, and animal rights activist known for her relationship with Larry Ellison.
What impact has Larry Ellison had on the tech industry?
Ans: Larry Ellison’s impact on the tech industry is immense, as his leadership and innovations at Oracle have contributed to shaping the way enterprises use and manage data and software.
How has Larry Ellison contributed to philanthropy and societal causes?
Ans: While Ellison’s focus has been primarily on business and technology, he has also shown interest in philanthropy.
Finalization
In the landscape of modern business titans, Larry Ellison’s name stands as a symbol of innovation, audacity, and relentless pursuit.
With a visionary spirit that defied traditional norms, Ellison co-founded Oracle, a tech giant that reshaped industries and redefined the very concept of software.
Ellison’s story is one of rags-to-riches, where the Bronx-born son of a single mother rose to become one of the world’s wealthiest individuals.
