Net Worth & Profile
Larry Ellison Net Worth And Biography
Larry Ellison net worth is estimated to be around 105.8 billion USD, he is a successful American businessman. The founder of Oracle…
as of August 2022, Larry Ellison net worth is 105.8 billion USD.
Having an estimated net worth of 105.8 billion USD, Larry Ellison is a successful American businessman. The founder of the well-known software company Oracle, Larry Ellison, amassed a massive fortune through this company in 2011. Until September 2014, he also held the position of CEO.
Behind business moguls like Jeff Bezos, Bill Gates, Warren Buffett, and Bernard Arnault in terms of wealth, Ellison ranks among the world’s richest persons.
The ninth-richest individual in the United States according to the Bloomberg Billionaires Index is Ellison. The fourth-largest island in the United States is also owned by him. Today, it is never a doubt, that Larry Ellison net worth is now roughly 105.8 billion USD.
In the 1990s, when Microsoft shares dropped as a result of the Department of Justice’s antitrust probe, Larry briefly held the title of world’s richest person when his net worth surpassed that of Bill Gates. Larry Ellison net worth as of August 2022 is 105.8 billion USD.
Larry has earned over $90 million at various points in his career, making him the highest-paid CEO in the world.
On March 12, 1986, Larry launched Oracle. Coincidentally, Bill Gates, a longtime adversary, announced the public offering of Microsoft the next day. Larry held 39% of Oracle at the time of the IPO.
Larry Ellison net worth of $105.3 million at the end of the first trading day since Oracle had a $270 million market cap.
Oracle found itself dangerously near bankruptcy in 1990. Oracle barely had a few months worth of cash in the bank after losing more than 50% of its market capitalization. Larry had almost been fired from the firm after seeing his own net worth go from about $500 million to $150 million.
READ MORE: Top 10 Richest People In The World (2022)
Top 10 Richest People In UK (2022)
Larry Ellison Net WorthÂ
The table below shows Ellison’s net worth, Nationality, Date of birth, Gender, Height, Occupation, and monthly salary for Larry Ellison.
| Date of birth | August 17, 1944 (78 years old) |
| Gender | Male |
| Height | 1.91m |
| Occupation | Entrepreneur and an Investor |
| Salay | $75 Million |
| Nationality | USA |
| Net worth | 105.8 billion USD |
Table of Contents
- Early LifeÂ
- CareerÂ
- Larry Ellison Net Worth
- Tesla Investment
- Homes and Real Estate
- Gemini
- Lanai
- How Does Larry Ellison Spend His Money?
- SummaryÂ
Early Life
On August 17, 1944, in New York, Lawrence Joseph Ellison was born. His natural father was an Italian-American pilot in the US Army Air Corps. It took him until he was 48 years old before he finally met his mother.
Ellison relocated to Chicago’s South Side. His adoptive mother was a caring individual. His adoptive father was far away, and he named him Ellison in memory of the port of entry he had used to enter the country.
Larry has had four different marriages and a total of five children. From 2003 through 2010, he was wed to Melanie Craft, a romance author. Steve Jobs, a close friend of Larry’s, took the couple’s formal wedding photographs. Larry Ellison net worth as of August 2022 is 105.8 billion USD.
From his third marriage to Barbara Boothe, whom he was wed to from 1983 until 1986, he had two children. David and Megan Ellison, his two children, are movie producers.
Larry has contributed at least $400 million of his own money to charitable organizations as of this writing. Moreover, he has the giving Pledge signed.
Career
Five children and four previous marriages total for Ellison. Barbara Boothe, whom he married in 1983, predeceased him in 1986. David and Megan Ellison, his two kids, work as producers in the movie industry.
Oracle went public in 1986 thanks to Ellison. Prior to Bill Gates’ longtime adversary taking Microsoft public, it had been one day. Larry held a 39% stake in Oracle at the time of the IPO. Oracle had a $270 million market value at the conclusion of the first trading day, meaning that Larry had a $105.3 million paper net worth at that time.
The business came very near to going out of business in 1990. Oracle had some cash in the bank for a few months after losing more than 50% of its market worth. Larry Ellison net worth as of August 2022 is 105.8 billion USD.
With a fortune above $70 billion, Larry Ellison net worth has increased and he owns 22% of Oracle. In order to secure loans and personal obligations, Ellison has placed 315 million of his shares as security. Through Oracle stock sales and dividends, he has made around $9 billion since 2003.
Larry Ellison’s net worth as of August 2022 is 105.8 billion USD.
Larry Ellison Net Worth
Oracle is currently 22% owned by Ellison. As security for loans and personal obligations, he has committed 315 million of his shares. From Oracle stock sales and dividends since 2003, he has made around $9 billion. Today, Larry Ellison net worth as of August 2022 is 105.8 billion USD.
Tesla Investment
In 2018, Larry Ellison discreetly invested $1 billion over several months to buy 3 million Tesla shares. He has known Elon Musk for a long time. He held 1.7% of Tesla at the time he informed the SEC of his ownership. Following the company’s 5-1 stock split in August 2020, his 3 million shares increased to 15 million which has added to Larry Ellison net worth.
Those 15 million shares had a value of up to $13 billion at various times in 2021, but generally closer to $10 billion. Larry Ellison net worth as of August 2022 is 105.8 billion USD.
Homes and Real Estate
Among the homes in Larry’s real estate portfolio are residences in Hawaii, Japan, Malibu, Lake Tahoe, San Francisco, and Rhode Island. The 45-acre estate he uses as his primary house is valued at at least $200 million and is located in Woodside, California.
The mansion is based on a Japanese estate from the 16th century. The 45-acre property has a main home, a guest house with two bedrooms, three cottages, a barn that has been turned into a gym, and a 3-acre artificial lake with two waterfalls. Ellison contested the valuation when the local municipality assessed his property at $173 million and gave him the tax bill. He was successful, and he was given a 60% tax break on his “$70 million” home. Larry Ellison net worth as of August 2022 is 105.8 billion USD.
Larry invested $180 million to buy 12 houses in Malibu, California, between 2004 and 2005. On Carbon Beach in Malibu, which is extremely exclusive, he invested $65 million in five adjoining residences.
He paid $10.5 million in 2010 to purchase the Newport, Rhode Island estate of the Astor family. Larry purchased the 249-acre Porcupine Creek Estate golf course in Rancho Mirage, California, for $43 million in 2011.
Larry spent $80 million buying a house in Palm Beach, Florida, in April 2021. The estate, which is 7.35 acres of coastal land, has a 15,500-square-foot home, multiple pools, a tennis court, and a sports complex. Larry Ellison net worth as of August 2022 is 105.8 billion USD.
In order to leave California, Larry took the first step by purchasing the Palm Beach house. The long-time Californian has publicly expressed his frustration with company intrusions and rising taxes.
Larry relocated from California to Florida in order to escape California’s 13% yearly income tax rate imposed by the Franchise Tax Board. Every year for the past ten years, Oracle has paid Larry dividends totaling $1.7 billion.
He saves $230 million in taxes by relocating to Florida only on those dividend payments. This equates to savings of $644,000 each day of residency in Florida. At that pace, it would take Larry only FOUR MONTHS to pay off the whole $80 million price tag of his new Florida property. As of August 2022, Larry Ellison net worth is 105.8 billion USD.
Gemini
A 16-acre mansion called Gemini, close to Palm Beach, Florida was purchased by Larry, it was disclosed in June 2022. Gemini was purchased by Larry for $175,000,000. Jim Clark, a fellow billionaire software tycoon, who sold the house, had purchased it for $94 million 15 months earlier. According to our ranking of the most expensive residences ever sold in the US, Larry’s $175 million purchase price at the time of the sale dropped to third place. Larry Ellison net worth as of August 2022 is 105.8 billion USD. Here’s a look at Gemini.
Lanai
In June 2012, Larry paid $300 million to the Castle & Cooke corporation to buy 98% of the Hawaiian island of Lanai. The state of Hawaii owns the remaining 2%. Along with the acquisition, Larry also got the Four Seasons hotel in Lanai. According to reports, he invested $500 million of his personal funds in new roads, a water treatment plant, and a cutting-edge movie theater.
How Does Larry Ellison Spend His Money
Real estate, tennis, and vacations are how Larry Ellison spends his money.
Summary
The creator of the market-dominating software company Oracle, Larry Ellison is an American millionaire entrepreneur. He was the CEO up until 2014.
He is among the wealthiest persons in the world, ranking after business moguls Jeff Bezos, Bill Gates, Warren Buffett, and Bernard Arnault. He has held the title of the highest-paid executive in the world at various points in time. Larry Ellison net worth as of August 2022 is 105.8 billion USD.