Larry Ellison Net Worth Biography, Business Ventures, & Philanthropy

Larry Ellison: Net Worth, Biography, Business Ventures, & Philanthropy Larry Ellison is a name synonymous with the tech industry, particularly for his immense success in the world of enterprise software and cloud computing. As the co-founder of Oracle Corporation, one of the world’s largest and most influential software companies, Ellison has built a legacy of innovation and success that has earned him a place among the wealthiest individuals globally. Early Life and Education Born on August 17, 1944, in New York City, Lawrence Joseph Ellison was raised by his aunt and uncle after his mother, a 19-year-old unwed student, gave him up for adoption. Ellison attended the University of Chicago, where he studied physics and mathematics. However, he dropped out after two years, later moving to California where he would go on to become one of the most successful entrepreneurs in Silicon Valley. Founding Oracle Corporation In 1977, Ellison co-founded Oracle Corporation with Bob Miner and Ed Oates. The company initially focused on providing a relational database management system (RDBMS), which was a groundbreaking concept at the time. Oracle’s product would become the standard in enterprise software and is now a major player in the cloud computing space. Ellison’s strategic vision and risk-taking approach allowed Oracle to grow rapidly throughout the 1980s and 1990s. Oracle went public in 1986, and Ellison became a billionaire shortly thereafter. His leadership was pivotal in the company’s success, and he was known for his aggressive marketing strategies and focus on delivering cutting-edge technology. Over time, Ellison expanded Oracle's product offerings, acquiring several companies to build a comprehensive suite of software and cloud-based services. Today, Oracle is one of the largest software companies in the world, with a market capitalization exceeding $300 billion. Larry Ellison's Net Worth As of 2024, Larry Ellison’s net worth is estimated to be around $140 billion, making him one of the richest individuals in the world. His fortune primarily comes from his stake in Oracle, as well as from investments in other ventures. Ellison’s wealth has fluctuated with the stock market and Oracle's performance, but his holdings in various real estate and tech-related assets continue to make him a financial powerhouse. Business Ventures Beyond Oracle While Oracle remains the cornerstone of Ellison’s business empire, he has also ventured into other sectors: Tesla: Ellison is a prominent investor in Tesla and has been a member of its board of directors.