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Larry Ellison, widely recognized as one of the most prominent figures in the technology industry, is a billionaire entrepreneur and co-founder of Oracle Corporation. Ellison’s success in the business world has made him one of the wealthiest individuals on the planet. This article delves into the fascinating topic of Larry Ellison’s net worth, exploring the various sources of his wealth and providing an overview of his financial position.

Early life and career

Larry Ellison was born in New York City on August 17, 1944. Raised in a middle-class family, he faced numerous challenges throughout his early life. Ellison dropped out of college twice before finally moving to California in the late 1960s. It was in California that he discovered his passion for computer programming.

In 1977, Ellison and two colleagues, Bob Miner and Ed Oates, founded Oracle Corporation. The company initially focused on developing and selling a relational database management system that revolutionized the field of data management. Under Ellison’s leadership, Oracle grew rapidly to become a global leader in enterprise software solutions.

Oracle and Larry Ellison’s Wealth

Larry Ellison’s net worth is primarily derived from his stake in Oracle Corporation, which he co-founded and served as CEO for many years. As of September 2021, Ellison’s net worth is estimated to be around $116 billion, making him one of the richest individuals in the world.

Ellison’s wealth is closely tied to Oracle’s success. Over the years, Oracle has consistently generated substantial revenues by selling its software products and services to businesses worldwide. The company’s success has translated into enormous financial gains for Ellison, who has held significant ownership stakes in Oracle.

In addition to his ownership of Oracle, Ellison has made several other strategic investments and acquisitions that have further increased his wealth. These investments include real estate holdings, art collections, and even professional sports teams. Ellison’s diverse investment portfolio has contributed to his overall net worth.

Philanthropy and public life

While Larry Ellison is known for his immense wealth, he is also recognized for his philanthropic efforts. Through the Lawrence Ellison Foundation, he has donated substantial amounts to various causes, including medical research, education, and environmental conservation. Ellison has also pledged to donate a significant portion of his wealth to charitable organizations through The Giving Pledge, an initiative founded by Warren Buffett and Bill Gates.

In addition to his philanthropy, Ellison has been involved in several public endeavors. Known for his passion for sailing, he has sponsored and participated in several sailing competitions, including the America’s Cup. Ellison’s dedication to the sport has garnered significant attention and admiration from sailing enthusiasts worldwide.

Bottom line

Larry Ellison’s journey from a difficult upbringing to becoming one of the world’s wealthiest individuals is a testament to his entrepreneurial spirit and business acumen. Through his co-founding of Oracle Corporation and strategic investments, Ellison has amassed a vast fortune. His contributions to technology, philanthropy, and public life have solidified his place as an influential figure in the financial and technology sectors. As Larry Ellison continues to shape the world through his business and philanthropic endeavors, his net worth remains a symbol of his remarkable success.

FAQs

What is Larry Ellison worth?

Larry Ellison, as of my knowledge cutoff in September 2021, is a billionaire and one of the wealthiest individuals in the world. At that time, his estimated net worth was around $100 billion. Please note that this information might have changed since then, and it’s always a good idea to check the latest updates from reliable sources.

How did Larry Ellison accumulate his wealth?

Larry Ellison accumulated his wealth primarily through his successful career as a technology entrepreneur and business executive. He co-founded Oracle Corporation, a multinational technology company specializing in database software, in 1977. Under his leadership, Oracle became a dominant player in the software industry, providing innovative solutions for businesses. Ellison served as the CEO of Oracle for several decades before stepping down in 2014.

Has Larry Ellison invested in other ventures?

Yes, Larry Ellison has made various investments outside of Oracle. He is known for his interest in the aviation industry and has invested in companies such as Tesla, the electric car manufacturer. Additionally, Ellison is a well-known figure in the world of yachting and has funded and participated in several successful sailing campaigns, including the Oracle Team USA in the America’s Cup.

Does Larry Ellison donate to charitable causes?

Yes, Larry Ellison has been involved in philanthropic activities and has made significant donations to various charitable causes. In 2016, he pledged to donate $200 million to the University of Southern California for establishing the Lawrence J. Ellison Institute for Transformative Medicine. He has also been a signatory of The Giving Pledge, a commitment by billionaires to donate the majority of their wealth to philanthropic causes during their lifetime.

Is Larry Ellison’s net worth subject to change?

Yes, the net worth of individuals, including Larry Ellison, can change over time due to various factors such as fluctuations in the value of their investments, business ventures, economic conditions, and personal financial decisions. It’s important to note that net worth estimates are often approximations and can vary depending on the source and methodology used to calculate them.