Larry Ellison is an American business magnate, investor, and philanthropist who is co-founder and chief executive officer (CEO) of Oracle Corporation. Ellison is among the wealthiest people in the world and is known for his lavish lifestyle and philanthropy.
Larry Ellison’s net worth
According to Forbes, Larry Ellison has a net worth of $102.9 billion, making him one of the wealthiest people in the world. His fortune is largely derived from his ownership of Oracle Corporation stock. Ellison has also amassed wealth through his successful business ventures and investments.
General info about Larry Ellison
Net Worth | $102.9 billion |
Full name | Lawrence Joseph Ellison |
Known as | Larry Ellison |
Date of birth | August 17th, 1944 |
Place of birth | The Bronx, New York, USA |
Height | 6’3″ (1.91 m) |
Nationality | American |
Education | The University of Chicago |
Profession | Entrepreneur, Investor |
What is Larry Ellison’s salary?
According to Oracle’s annual proxy statement, Larry Ellison, Chairman, and Safra Catz, Oracle’s Chief Executive, each received total compensation of more than $138 million in the company’s fiscal year ending May 31.
Most of this sum – $129.3 million each – resulted from the company’s decision to extend the vesting period of significant tranches of stock options originally awarded in 2018. Some investors have criticized this decision, and only about 60% of shareholders have supported the company’s executive pay practices in recent years.
What made Larry Ellison famous?
Larry Ellison is most famous for co-founding Oracle Corporation and serving as its CEO until 2014. He is credited with growing the company into one of the world’s leading enterprise software companies, with annual revenue of more than $42 billion.
Larry Ellison is most famous for co-founding Oracle Corporation and serving as its CEO until 2014. He is credited with growing the company into one of the world’s leading enterprise software companies, with annual revenue of more than $42 billion.
Ellison is known for his lavish lifestyle, which includes owning several properties, yachts, and cars. He is also a prominent philanthropist, with donations totaling more than $1.5 billion to various organizations and causes.
How Larry Ellison Made His Fortune
Ellison’s fortune is largely derived from his ownership of Oracle Corporation stock. He co-founded the technology company in 1977 and served as its CEO until 2014.
Through his leadership, Oracle has grown into one of the largest technology companies in the world, generating billions in revenue each year. In addition to the ownership stake in Oracle, Ellison has also made successful investments in real estate, including purchasing a Hawaiian island and in companies such as Tesla and NetSuite. These investments and his ownership stake in Oracle have helped Ellison build his fortune, estimated to be over $100 billion.
Family and relationship
Partner | Nikita Kahn |
Father | Louis Ellison |
Mother | Florence Spellman, Lillian Ellison |
Siblings | None |
Children | David Ellison, Megan Ellison |
Larry Ellison has been married four times and has two children. His first marriage was to Adda Quinn in 1967, but it ended in 1974. He later married Nancy Wheeler Jenkins in 1977, but that marriage ended in divorce the following year.
Ellison’s third marriage was to Barbara Boothe, which lasted from 1983 to 1986. The couple had two children together, named David and Megan. Ellison’s most recent marriage was to romance novelist Melanie Craft, which lasted from 2003 to 2010. The last public information about his relationship is that he is dating model Nikita Kahn.
Aside from his family and relationships, Ellison has many notable friends from the tech industry. Most notably, he’s in good relations with Elon Musk.
Early Life and Education
Larry Ellison was born in New York City in 1944 and grew up in a lower-middle-class family in Chicago. His mother was just 19 years old when she had him, and after he contracted pneumonia at nine months, she decided to give him to her aunt and uncle for adoption. Ellison found out about this at the age of 12.
During his youth, Ellison attended the University of Illinois at Urbana-Champaign but dropped out after his second year. He then moved to California to start a career in technology. Ellison worked at various companies before co-founding Oracle in 1977. Despite not completing his college education, Ellison’s success in the tech industry has helped him build a fortune estimated to be over $100 billion.
Interesting facts
In addition to his successful career at Oracle, several interesting facts about Larry Ellison are worth mentioning. Here are five exciting things to know about Ellison:
- Ellison is a licensed pilot and has owned several planes and helicopters.
- He is a significant philanthropist, with donations totaling more than $1.5 billion to various organizations and causes.
- Larry is known for his passion for sailing.
- Larry Ellison starred in “Iron Man 2” featuring movie stars like Robert Downey Jr.
- Larry co-founded the Ellison Medical Foundation, which supports research on aging and age-related diseases.
- He is known for his flamboyant personality and controversial comments, including his outspoken criticism of other technology companies and their products.
- He signed the Giving Pledge in 2010. The Giving Pledge encourages the wealthy to donate most of their wealth to philanthropy. Bill and Melinda Gates and Warren Buffet started the campaign.
Notable Achievements
Larry Ellison is a highly accomplished businessman and technology entrepreneur. Throughout his career, he has achieved several notable accomplishments in the tech industry and the world of sailing.
In terms of his business career, Ellison is best known for co-founding Oracle in 1977 and helping to grow it into one of the largest technology firms in the world. Through his leadership, Oracle has become a significant player in the technology industry, generating billions in revenue each year.
In addition to his success in the tech industry, Ellison is also known for his passion for sailing and has won several high-profile sailing races, including the “America’s Cup.” He is a competitive and dedicated sailor, and his victories in major sailing competitions have helped to further enhance his reputation as a successful and accomplished entrepreneur.
Overall, Ellison’s impressive career and numerous accomplishments have helped establish him as a leading figure in the technology and sailing industries.
Getting to Know Larry Ellison
To learn more about Larry Ellison, a few books and documentaries may interest you. “The Difference Between God and Larry Ellison: Inside Oracle Corporation” by Mike Wilson offers an inside look at Ellison’s leadership of Oracle and the company’s rise to success. “The Billionaire and the Mechanic” by Julian Guthrie is another book that covers Ellison’s passion for sailing and his quest to win America’s Cup.
Additionally, the documentary “Code: Debugging the Gender Gap” includes an interview with Ellison discussing the importance of diversity in the tech industry.
Final Word
In conclusion, Larry Ellison is a highly successful business leader and philanthropist who has significantly impacted the technology industry and beyond. Larry Ellison’s net worth of $102.9 billion, successful career, and philanthropic efforts have made him one of the most notable figures in the world.