Larry Ellison is one of the richest men in the world. For good reason, the 78-year-old American ranks 6e place in the ranking of the richest people on the planet. How did this businessman build his fortune? What is his heritage? Focus on the career and fortune of Larry Ellison!
Like most of the personalities present in the ranking of the richest women and men in the world, Larry Ellison built his fortune thanks to his entrepreneurial talents. For good reason, he is neither more nor less than the co-founder of the company Oracle Corporation, particularly known for offering software related to database management systems and the Java programming language. It is largely thanks to this company that the American managed to become one of the richest men in the world.
Who is Larry Ellison?
Larry Ellison was born on August 17, 1944 in New York. The latter contracted pneumonia very early in his life, which forced his mother, unable to take care of him, to entrust him to his uncle and aunt, Louis and Lilian Ellison, Russian emigrants living in a Jewish ghetto in Chicago. Larry Ellison never knew his father and it was only very late that he learned that he had been adopted.
After high school, he attended the University of Illinois at Urbana-Champaign, but dropped out after only two years. He subsequently decided to enroll at the University of Chicago, but left campus after one semester to go to California in 1966, at the age of 22.
Arriving in California, Larry did odd jobs before finding a stable job at Ampex Corporation. It was there that the young American discovered database architectures. He was notably commissioned to design one for the CIA.
In 1977, he and two of his colleagues at Ampex founded a database publisher that they called Software Development Laboratories which later became Oracle.
In 1997, when Steve Jobs took over as head of Apple, he offered the position of director to Larry Ellison. He stayed there for 5 years, then left Apple to refocus on his company: Oracle.
In 2010, Larry Ellison bought Sun Microsystems, which allowed Oracle to take control of the architecture of the open source MySQL database as well as Java technology.
Now, the businessman who experienced a real upward mobility from the poor suburbs of Chicago to his own island in Hawaii has stepped down as CEO of Oracle. However, the latter has not completely retired from business, he is still chairman of the board of directors of the group and has joined the board of directors of Tesla.
Larry Ellison Net Worth and Net Worth in 2024
Larry Ellison’s fortune
Larry Ellison’s fortune, like that of his counterparts in the ranking of the world’s richest people, is mainly linked to the health of the world’s stock markets and economy. For good reason, he still holds 36.2% of the shares of Oracle Corporation today. Nevertheless, over the years, Larry has built up a nice heritage including various racing cars, planes, villas, yachts, etc. Today his fortune is balanced between money, personal and investment. Wednesday April 19, 2023, according to information from BloombergLarry Ellison’s fortune is estimated at $109 billion.
What is Larry Ellison’s fortune made up of?
Unsurprisingly, Larry Ellison’s fortune is mainly built around Oracle. In fact, the company’s co-founder now owns 36.2% of his company.
Larry Ellison’s fortune is divided into three parts: Cash ($18.9 billion), his shares in Oracle ($80.9 billion) and shares in Tesla ($8.3 billion).
What does Larry Ellison’s heritage consist of?
Larry Ellison has built an impressive legacy over the years. He notably owns a house worth more than $4 million in a chic neighborhood of San Francisco, but also an estate estimated at $70 million in Woodside, a villa in Kyoto, Japan estimated today at more than $86 million. , a 1,600 m2 house in Lake Tahoe as well as a dozen properties in Malibu and a villa in Newport estimated at $10.5 million.
But Larry Ellison doesn’t just invest in stone. For good reason, he is the owner of a vast collection of Japanese works, the Yellowstone golf club, a private jet collection and a vast collection of luxury cars. He also has his own team for the America’s Cup (sailing competition) and a huge yacht. Passionate about tennis, Larry Ellison has the most incredible tennis stadium, aside from the Grand Slam, that of Indian Wells.
One of the most extravagant acquisitions made by the American businessman undoubtedly remains the Hawaiian island of Lanai for nearly $500 million in 2012. Since then, he has purchased two airlines, redeveloped the island’s hotels and began investing in clean energy sources. Since 2020, this island has become his main residence.
The Changing Fortune of Larry Ellison
Larry Ellison’s fortune has almost doubled in 10 years. However, in recent years, Larry’s fortune has grown in what could be described as “fluctuating.” This is due to various economic factors.
As of early 2020, before the COVID-19 pandemic, Larry Ellison’s net worth was estimated to be around $69.1 billion. However, the pandemic has not had a negative impact on Larry Ellison’s fortunes, as Oracle is a software and information technology company that has been able to continue its operations remotely. Over the next few years, Larry Ellison’s fortune saw a gradual increase due to the strong growth of the technology market and software companies. As of January 2022, his net worth has reached approximately $83.1 billion, then it increased to approximately $99.5 billion in January 2024.
