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What is Larry Ellison’s Net Worth?
Larry Ellison, the co-founder and chief technology officer of Oracle Corporation, has an estimated net worth of $153.4 billion. His wealth primarily stems from his substantial ownership stake in Oracle, where he owns approximately 42% of the company. Moreover, Ellison holds a significant stake in Tesla, which has also contributed to his net worth.
Ellison’s wealth has seen significant growth recently, largely due to the performance of Oracle’s stock, which has surged thanks to the company’s advancements in artificial intelligence and cloud computing.
For instance, a recent spike in Oracle’s share price, driven by strong financial results and high demand for AI-related services, increased Ellison’s net worth by $14 billion overnight.
In addition to his business ventures, Ellison is known for his extravagant lifestyle and significant philanthropic efforts. He owns 98% of the Hawaiian island of Lānaʻi and has made substantial donations to various causes, including medical research and education.
Here’s the breakdown of Larry Ellison’s net worth:
Name: | Larry Ellison |
Net Worth: | $153.4 Billion |
Salary: | $75 Million |
Date of Birth: | Aug 17, 1944 |
Profession: | Entrepreneur, Businessperson, Investor |
If you’re curious about how we estimate a celebrity’s net worth, you can check out our methodology here.
Salary and Compensation
Larry Ellison’s salary and compensation package have varied significantly over the years. For the fiscal year 2023, his total compensation was reported to be $7.3 million, which included a nominal $1 salary, a $4.2 million cash bonus, and approximately $3.1 million in other compensation. This was a significant decrease from his 2022 compensation, which was around $138.7 million, largely due to option awards.
Historically, Ellison has often received a base salary of $1, with the bulk of his compensation coming from bonuses and stock options. For example, in 2022, his compensation included $129 million in option awards.
Despite his nominal salary, Ellison’s total earnings have frequently placed him among the highest-paid executives in the world.
Tesla Investment
Larry Ellison’s investment in Tesla has been a significant contributor to his net worth. Ellison disclosed his $1 billion investment in Tesla in late 2018, purchasing 3 million shares before joining Tesla’s board of directors in December 2018.
Following a 5-1 stock split in August 2020, his holdings increased to 15 million shares. Ellison’s Tesla stake has seen substantial growth. By early 2024, his 1.5% stake in Tesla was valued at approximately $15 billion. This investment has been highly volatile, with significant gains and losses over the years. For example, in 2021, Ellison’s Tesla stake was worth close to $19 billion when the stock peaked at $1,243 per share. However, in 2019, the value of his Tesla investment dropped to about $580 million due to a 42% decline in Tesla’s stock price.
Ellison’s close relationship with Elon Musk has been a notable aspect of his involvement with Tesla. He has publicly expressed his confidence in Musk’s leadership and the potential of Tesla, often highlighting Musk’s achievements with SpaceX as well. Despite stepping down from Tesla’s board in August 2022, Ellison continues to hold his significant stake in the company.
Homes and Real Estate
Larry Ellison’s net worth is heavily invested in an extensive real estate portfolio spanning multiple countries and continents. Here are some of his most notable properties:
Lanai, Hawaii
Ellison’s crown jewel is the Hawaiian island of Lanai, which he purchased for $300 million in 2012, acquiring 98% ownership. On Lanai, he owns the ultra-luxury Sensei Retreat spa, a solar-powered hydroponic greenhouse, and a Nobu restaurant branch. He has invested heavily in transforming Lanai into a sustainable and wellness-focused community.
Woodside, California
Ellison owns a 23-acre estate in Woodside, modeled after a 16th-century Japanese imperial palace, which reportedly cost $200 million to renovate. The estate features a man-made 19-acre lake and a full-size tennis court.
Malibu, California
Ellison owns up to 24 properties in Malibu, including around 10 homes on the famous “Billionaire’s Beach” (Carbon Beach), with an estimated total spending of $200-$250 million. Notable Malibu properties include the Malibu Racquet Club ($6.9 million) and the former home of producer Joel Silver ($38 million).
Newport, Rhode Island
Ellison owns multiple properties in Newport, with the Beechwood Mansion on Bellevue Avenue being his prized asset, purchased for $10.5 million in 2010 and converted into an art museum at a cost of over $100 million.
Lake Tahoe, Nevada/California
Ellison has owned and sold several mansions in the Lake Tahoe area, spending around $102 million on multiple homes in Incline Village. In 2018, he purchased the famous Cal Neva Lodge in Tahoe for $35.8 million to save it from bankruptcy.
Palm Beach, Florida
In 2021, Ellison paid $80 million for an oceanfront estate in North Palm Beach. In 2022, he set a Florida record by purchasing a $173 million ocean-to-lake estate in Manalapan from fellow billionaire Jim Clark.
Other notable properties include a 10,000-square-foot mansion in San Francisco’s Pacific Heights, a golf course and estate in Rancho Mirage, California (Porcupine Creek), and homes in Kyoto, Japan.
Other Luxury Assets
In addition to his vast real estate holdings, Larry Ellison’s net worth is reflected in other luxury assets and investments:
- Yachts: Ellison has spent over $194 million on new yachts in just three years, including the 58-meter Ronin, the 75-meter Katana (now called Zeus), and the 138-meter Rising Sun (which he later sold to David Geffen for $590 million).
- Private Jets: Ellison owns a $75 million Gulfstream G650 private jet, a Bombardier Global Express jet, and a Cessna 525 Citation.
- Luxury Cars: His car collection includes an Audi R8 ($142,000), a Lexus LFA ($400,000), a McLaren F1, and an Acura NSX ($100,000).
- Sports and Entertainment: Ellison owns the Indian Wells Tennis Garden and the BNP Paribas Open tennis tournament, which he purchased for $100 million in 2009. He has financed America’s Cup sailing teams, including Oracle Team USA.
Philanthropy
Larry Ellison has been an active philanthropist, contributing significant amounts to various causes over the years. His philanthropic efforts are diverse, ranging from medical research to education and disaster relief.
In 2016, Ellison donated $200 million to the University of Southern California to establish the Lawrence J. Ellison Institute for Transformative Medicine. This institute focuses on innovative cancer research and treatment, bringing together experts from various fields such as physics, biology, and engineering to combat cancer.
Following a personal injury, Ellison donated $5 million to seed the Lawrence J. Ellison Musculo-Skeletal Research Center at UC Davis. He also funded the Lawrence J. Ellison Ambulatory Care Center, which opened in 1998.
Ellison has made multiple donations to the organization Friends of the Israel Defense Forces, including $10 million in 2014 and $16.6 million in 2017, to support the construction of well-being facilities for co-ed conscripts.
In 2010, Ellison joined The Giving Pledge, a commitment by the world’s wealthiest individuals to give away the majority of their wealth to philanthropic causes. Despite this pledge, there have been questions about whether he has met this commitment, given the scale of his wealth and the public disclosures of his donations.
Personal Life
Larry Ellison has been married and divorced four times and has two children, David and Megan Ellison, both of whom are involved in the film industry.
Ellison married Adda Quinn in 1967, but the marriage ended in divorce in 1974. He married Nancy Wheeler Jenkins in 1977, but this marriage also lasted only a year.
In 1983, Ellison married Barbara Boothe, a former receptionist at Relational Software Inc. They had two children, David and Megan, before divorcing in 1986. Ellison’s fourth marriage was to Melanie Craft, a romance novelist, in 2003. The couple divorced in 2010.
Ashley Roberts is the founder of Real-Time Billionaires List. She founded this platform because she likes to know how much celebrities are actually making. She is always curious why these people can make much more money than the ordinary person.
With a Bachelor’s degree in finance, she is skilled at financial analysis and understands numbers related to wealth. Most of the articles on this site are edited by herself before publishing.
