Larry Ellison – Net Worth, Salary, Income Sources, Facts
Larry Ellison is an American entrepreneur, co-founder, chairman, and chief technology officer of Oracle Corporation, one of the world’s leading enterprise software companies. Under his leadership, Oracle grew from a start-up with three programmers into the largest database software supplier and the second-largest supplier of business applications globally.
Oracle also grew by acquiring other software companies, including Sun Microsystems for $7.4 billion in 2010 and NetSuite for $9.3 billion in 2016. As of June 2024, he is the ninth-wealthiest person in the world, according to the Bloomberg Billionaires Index, with an estimated net worth of US$137 billion, and the fifth-wealthiest in the world according to Forbes, with an estimated net worth of $152 billion.
| Full Name | Lawrence Joseph Ellison |
| Country | United States |
| Age | 79 (born: August 17, 1944) |
| Salary | $1 million |
| Yearly Income | N/A |
| Income Source | Oracle |
| Net Worth | $152 billion |
Interesting Facts About Larry Ellison
- In 1977, Ellison and two colleagues founded Software Development Laboratories with an investment of just $2,000. The company later became Oracle, now one of the world’s leading enterprise software companies.
- Larry Ellison is co-founder, chairman, and chief technology officer of software giant Oracle, of which he owns just under 40%. He gave up the Oracle CEO role in 2014 after 37 years at the helm.
- Ellison has received a $1 million dollar base salary from Oracle, but his total compensation has varied fairly significantly from year to year depending on stock and option awards.
- Larry Ellison’s yearly income primarily comes from dividends, capital gains, and other investment returns, rather than a traditional salary. He owns a significant portion of Oracle’s stock, which constitutes the bulk of his wealth. Additionally, Ellison benefits from investments in real estate, yachting, aviation, and other sectors.
- Ellison is known for his extravagant real estate portfolio, which includes the entire Hawaiian island of Lanai, which he purchased in 2012. He also owns multiple properties in Malibu, California, and a historic garden property in Kyoto, Japan.
When did Larry Ellison start Oracle Corporation?
In 1977, Larry Ellison and two colleagues founded Software Development Laboratories with an investment of just $2,000. The company later became Oracle, now one of the world’s leading enterprise software companies.
Who is the CEO of Oracle?
The CEO of Oracle Corporation is Safra Catz, who has been serving in this role since September 2014.
How much share does Larry Ellison have in Oracle?
As of June 2024, Larry Ellison owns 40 percent of the shares of Oracle Corporation.
What company does Larry Ellison own?
Larry Ellison is primarily associated with Oracle Corporation. Apart from Oracle, Ellison has investments in various other companies and industries, including technology, aviation, real estate, and sports.