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Larry Ellison Net Worth

Larry Ellison net worth

What is Larry Ellison net worth?

Net worth$104 billion
NameLawrence Joseph Ellison
Date of birthAugust 17, 1944
OccupationBusiness magnate and investor 
NationalityAmerican

Larry Ellison net worth 2021: Lawrence Joseph Ellison  is an American business magnate and investor who is a co-founder, the executive chairman and chief technology officer (CTO) of Oracle Corporation. He is currently one of the wealthiest people in the world.

Early life and education

Larry Ellison was born in New York City, to an unwed Jewish mother. His biological father was an Italian-American United States Army Air Corps pilot. 

At the age of nine months, Ellison contracted pneumonia and was adopted by his mother’s Aunt. He did not meet his mother again until he was 48 years old.

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Ellison attended South Shore High School in Chicago and later was admitted to University of Illinois at Urbana–Champaign and was enrolled as a premed student.

At Illinois, he was named science student of the year  but later withdrew without taking final exams after his sophomore year, because his adoptive mother had just died.

After spending the summer of 1966 in California, he then attended the University of Chicago for one term, studying physics and mathematics. He did not take any exams and at Chicago he first encountered computer design. In 1966, aged 22, he moved to Berkeley, California.

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career 

While working at Ampex in the early 1970s, he became influenced by Edgar F. Codd’s research on relational database design for IBM, which led in 1977 to the formation of what became Oracle.

Oracle became a successful database vendor to mid- and low-range systems, later competing with Sybase created 1984 and Microsoft SQL Server a port of Sybase created in 1989 which led to Ellison being listed by Forbes as one of the richest people in the world.

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Larry Ellison Net Worth

Larry Ellison net worth is $104 billion. According to Bloomberg’s billionaires index, Ellison is the ninth richest person in the world.

He is also the owner of the 41st largest island in the United States, Lanai in the Hawaiian Islands with a population of just over 3000.

In 2005, Oracle Corporation paid Ellison a $975,000 salary, a $6,500,000 bonus, and other compensation of $955,100.

 In 2007, Ellison earned a total compensation of $61,180,524, which included a base salary of $1,000,000, a cash bonus of $8,369,000, and options granted of $50,087,100.

In 2008, he earned a total compensation of $84,598,700, which included a base salary of $1,000,000, a cash bonus of $10,779,000, no stock grants, and options granted of $71,372,700. In the year ending May 31, 2009, he made $56.8 million.

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 In 2006, Forbes ranked him as the richest Californian. In April 2009, after a tug-of-war with IBM and Hewlett-Packard, Oracle announced its intent to buy Sun Microsystems.

 On July 2, 2009, for the fourth year in a row, Oracle’s board awarded Ellison another 7 million stock options.

In November 2016, Oracle bought NetSuite for $9.3 billion. Ellison owned 35% of NetSuite at the time of the purchase making him $3.5 billion personally.

In December 2018, Ellison became a director on the board of Tesla, Inc., after purchasing 3 million shares earlier that year.

By December 31, 2019, Ellison owned 36.2% of the shares of Oracle Corporation, and 1.7% of the shares of Tesla.

In April 2020, he launched a wellness company Hawaiian Island Lanai called Sensei.

In December 2020, his net worth increased by $2.5 billion in a single week as Oracle’s stock jumped by 4% between November 27 and December 4

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