Larry Ellison Net Worth: Is Larry Ellison the Richest Man in the World?

Born on August 17, 1944, Lawrence Joseph Ellison is an American businessman, investor, and co-founder of Oracle Corporation. Ellison is also the executive chairman, chief technology officer (CTO), and former CEO of the company.

As of May 2022, he was the eighth richest person in the United States and the eleventh-richest person in the world, according to the Bloomberg Billionaires Index. He had a fortune of $92 billion at the time, up from $57.3 billion in 2018. Lanai is the 43rd largest island in the United States and has a population of just over 3200. He owns 97% of the island.

Early Life

He was born on August 17, 1944, in New York. His biological father was an Italian-American U.S. Army Air Corps pilot, and he was born in the United States. Until he was 48, he didn’t meet his real mother.

When Ellison left, he moved to the South Shore of Chicago. When he was born, he had a loving mother. His adoptive father was far away, but he had chosen the name Ellison to honor the place where he came to the United States.

Larry Ellison Net Worth

Career

Ellison has been married four times and has five children. He has also been a father. He was married to Barbara Boothe from 1983 to 1986, and they had two children together. It turns out that his two children, David, and Megan Ellison, are both film producers, as well.

When Ellison made Oracle open to the public in 1986, it was the first time. It was one day before Bill Gates made Microsoft public. It wasn’t until after the IPO that Larry had a big stake in the company. On their first day of trading, Oracle had a value of $270 million.

This meant that Larry had a paper worth of $105.3 million at the end of the day. In 1990, the company was close to going broke. The stock market had lost more than half of its value, but Oracle still had a few months of cash in the bank.

A lot of money: Ellison owns 22% of Oracle, and he has a net worth that is more than $70 billion. Ellison has agreed to put 315 million of his shares up as collateral for loans and personal debt. After he bought and sold shares of Oracle stock in 2003, he has made about $9 billion from them and from dividends.

Key Facts

  • Larry Ellison is the CEO, chairman, and co-founder of the software company Oracle, of which he owns about a third.
  • In 2014, he stepped down as CEO of Oracle after 37 years at the top of the company.
  • Oracle has grown a lot because it has bought a lot of software companies over the years. In 2016,
  • Oracle paid $9.3 billion for NetSuite, which was the biggest deal ever.
  • Ellison moved permanently to the Hawaiian island Lanai in 2020, which he bought for $300 million in 2012. Ellison bought almost all of the island in 2012 for that amount of money.
  • Earlier this year, Ellison bought 3 million shares of Tesla. In December 2018, he became a member of Tesla’s board.

Larry Ellison Net Worth

Personal Life

There are five children in Larry’s family. He has been married four times. He was married to Melanie Craft, a romance author, from 2003 to 2010. It was Larry’s friend, Steve Jobs, who took the official wedding picture at their wedding. He has two kids from his third wife, Barbara Boothe, who he married from 1983 to 1986.

They were born from that marriage. Two of his children are film producers: David, and Megan. Larry has given at least $400 million of his own money to different charities so far. Another thing he has done is sign the Giving Pledge.

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Larry Ellison’s Net Worth

There is a billionaire in the United States named Larry Ellison. Ellison is worth $106 billion, and he owns a company called Oracle. Larry Ellison made a lot of money as the founder of the software company Oracle, so he has a lot of money. Before September 2014, he was CEO.

People like Jeff Bezos, Bill Gates, Warren Buffet, and Bernard Arnault are also rich. Ellison is one of the ten richest people in the world because of his money.

The richest person on the planet at one point in the 1990s was Larry. His net worth surpassed Bill Gates’ because Microsoft stock fell because of an antitrust investigation. During some years, Larry has been paid more than $90 million.

When Larry made Oracle public in 1986, it was on March 12, 1986. When Bill Gates took Microsoft public on the same day, it happened to be the same day. It wasn’t until after the IPO that Larry had a big stake in the company. On their first day of trading, Oracle had a value of $270 million. This meant that Larry had a paper worth of $105.3 million at the end of the day.

In 1990, Oracle was on the verge of going bankrupt. The stock price of Oracle dropped more than 50% after the company went public. Oracle only had a few months of cash left in the bank. Larry, who had lost a lot of money, was almost fired from the company.

Today, Ellison owns 22% of Oracle, which is a lot. He has put 315 million of his shares up as collateral for lines of credit and debts he has taken out on himself. After he bought and sold shares of Oracle stock in 2003, he has made about $9 billion from them and from dividends.

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Is Larry Ellison the richest man in the world?

Ellison was listed by Bloomberg Billionaires Index as the ninth wealthiest person in the United States. He is also the owner of the 41st largest island in the United States. What is this? As of 2022, Larry Ellison’s net worth is estimated to be roughly $91 billion.

Larry Ellison Net Worth

Real Estate

Larry owns real estate all over the world, including homes in Hawaii, Japan, Malibu, Lake Tahoe, San Francisco, and Rhode Island. As his main home, he lives in a 45-acre estate in Woodside, California, that is likely worth at least $200 million.

The mansion is based on a 16th-century Japanese home. You can stay in the main house or one of the three cottages. There is also a two-bedroom guest house, three cottages, an old barn turned into a gym, and a 3-acre man-made lake with two falls.

After the township valued Ellison’s property at $173 million and gave him the tax bill, he challenged the value and won. He got a 60% tax cut on his “$70 million” home. Between 2004 and 2005, Larry spent $180 million to buy 12 properties in Malibu, California, which is where he lives now.

He spent $65 million on five properties on Malibu’s Carbon Beach, which is very popular. In 2010, he spent $10.5 million to buy the Astor family home in Newport, Rhode Island, from the city. In 2011, she spent $43 million to buy the 249-acre Porcupine Creek Estate golf course in Rancho Mirage, California. She wanted to play there.

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Summary

Born on August 17, 1944, Lawrence Joseph Ellison is an American businessman, investor, and co-founder of Oracle Corporation. Ellison is also the executive chairman, chief technology officer (CTO), and former CEO of the company. There is a billionaire in the United States named Larry Ellison.

Larry Ellison made a lot of money as the founder of the software company Oracle, so he has a lot of money. Before September 2014, he was CEO.

Ellison is worth $106 billion in 2022, and he owns a company called Oracle.

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