What is Larry Ellison Net Worth?

Exploring Larry Ellison’s Net Worth

Larry Ellison, born on August 17, 1944, in New York City, is a prominent American businessman and entrepreneur known for co-founding the software company Oracle Corporation. Ellison served as Oracle’s chief executive officer from 1977 to 2014 and currently holds the positions of chief technology officer and executive chairman. As of March 2024, Ellison is recognized as one of the wealthiest individuals globally, with an estimated net worth of around $154 billion according to Forbes.

Early Life and Education

Ellison’s early life was marked by unique circumstances, being born to an unwed Jewish mother and an Italian-American United States Army Air Corps pilot. Raised in Chicago by his adoptive parents, Ellison showed an early aptitude for science and technology. Despite not completing his formal education at the University of Illinois at Urbana-Champaign and the University of Chicago, Ellison’s passion for computer design led him to a successful career in the tech industry.

Early Career and Oracle

Ellison’s journey in the tech industry began with his work at companies like Amdahl Corporation and Ampex Corporation. In 1977, he founded Software Development Laboratories (SDL), later renamed Oracle Systems Corporation, with a vision to develop a relational database system. Despite facing challenges and setbacks, Oracle emerged as a key player in the database market, competing with giants like IBM and Sybase.

Recent Ventures and Achievements

In recent years, Ellison’s business acumen and strategic decisions have continued to shape Oracle’s trajectory. His acquisitions of companies like Sun Microsystems and NetSuite have expanded Oracle’s portfolio and market presence. Ellison’s involvement in ventures like the America’s Cup sailing competition and the SailGP international racing series showcase his diverse interests beyond the tech realm.

Personal Life and Philanthropy

Aside from his professional endeavors, Ellison’s personal life has been marked by multiple marriages and a passion for yachting, aviation, and tennis. His philanthropic efforts have also been notable, with significant donations to causes like cancer research and education. Ellison’s political involvement and support for various initiatives reflect his broader impact on society beyond the business realm.

Frequently Asked Questions (FAQs)

1. What is Larry Ellison’s current net worth in 2024?

As of 2024, Larry Ellison’s estimated net worth stands at around $154 billion, making him one of the wealthiest individuals globally.

2. How did Larry Ellison start his career in the tech industry?

Larry Ellison began his career in the tech industry by working at companies like Amdahl Corporation and Ampex Corporation before founding Software Development Laboratories (SDL), later known as Oracle Systems Corporation.

3. What are some of Larry Ellison’s notable achievements in recent years?

In recent years, Larry Ellison has made significant acquisitions like Sun Microsystems and NetSuite, expanded Oracle’s market presence, and ventured into activities like the America’s Cup sailing competition and the SailGP international racing series.

4. What are some of Larry Ellison’s interests outside of the tech industry?

Aside from his tech ventures, Larry Ellison has a passion for yachting, aviation, and tennis. He has also been involved in philanthropic efforts supporting causes like cancer research and education.

5. How has Larry Ellison contributed to philanthropy?

Larry Ellison has made substantial donations to causes like cancer research and education, with notable contributions to institutions like the University of Southern California and the Lawrence J. Ellison Institute for Transformative Medicine.

6. What is Larry Ellison’s involvement in the political sphere?

Larry Ellison has been involved in political donations and initiatives, supporting candidates from both Democratic and Republican parties. His contributions to various political causes have drawn attention over the years.