A Look at Tech Tycoon Larry Ellison's Journey From Creating Oracle to His $108 Billion Net Worth

Larry Ellison was one of the highest-paid tech CEOs before he stepped down from the role in 2014.

UPDATED AUG 24, 2023

Cover Image Source: Getty Images | Phillip Faraone

Name	Larry Ellison
Net Worth	$108.2 Billion
Salary	$700 Million
Annual Income	$8 Billion
Sources of Income	Oracle
Gender	Male
Date Of Birth	August 17, 1944
Age	79 Yrs
Nationality	American
Profession	Business magnate

What is Larry Ellison's net worth?

American tech tycoon Larry Ellison is the CTO and former CEO of global software major Oracle and owns 35% of the company, which contributes to his $108.2 billion net worth. He led the company, which now makes more than $40 billion per annum, till 2014 and has become the ninth richest American, as per CA Knowledge.

What Are Larry Ellison's Sources of Income?

Ellison has earned close to 12 billion dollars from Oracle through stock sales and dividends since 2003. He also spent $1 billion on a 1.5% in Elon Musk's Tesla in 2018, but its value increased to $15 billion after a rise in the firm's market cap.

Salary

As Oracle's Chairman and CTO, Ellison receives a yearly compensation of $138 million and had earned close to $1.84 billion in 2010, as that decade's 7th-highest-paid CEO, according to the Wall Street Journal.

Business ventures

While working for Ampex Corporation in the 1970s, Ellison created a database for the CIA and named it Oracle. It gained success as a database vendor to mid and low-range systems that could compete with companies like Sybase and Microsoft. By 2005, Ellison was getting a base salary of $975,000 from his company and another $6,500,000 in bonuses.

A Look At Larry Ellison's Total Assets

The tech billionaire owns a mansion in Woodside, California, which he reportedly bought for $110 million, in addition to more than a dozen properties in Malibu, California, worth over $180 million. Ellison purchased a 249-acre Porcupine Creek Estate in 2011 along with a private golf course which is situated in Rancho Mirage for an estimated $42.9 million. But that's not all, Ellison also owns 98% of Lanai, which is Hawaii's 6th largest island, and bought a 22-acre property in Florida for a stunning $173 million in 2022.

As a licensed pilot, Ellison owns several aircraft, along with assets such as an Indian Wells Tennis Garden tennis facility and several yachts and cars.

Larry Ellison's Net Worth Over The Years

Larry Ellison's Net Worth in 2023	$108.2 Billion
Larry Ellison's Net Worth in 2022	$100.2 Billion
Larry Ellison's Net Worth in 2021	$92.2 Billion
Larry Ellison's Net Worth in 2020	$83.0 Billion
Larry Ellison's Net Worth in 2019	$76.0 Billion
Larry Ellison's Net Worth in 2018	$70.0 Billion

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Larry Ellison's Personal Life

Lawrence Joseph Ellison was born on August 17, 1944 to a single mother before being adopted by his aunt and uncle. Ellison has been married four times and is a father to two kids.

Larry Ellison's awards and accolades

Ellison received the Golden Plate Award in the year 1997 and was inducted into the Bay Area Business Hall of Fame back in 2013. In 2019 he received the 2019 Rebel with a Cause award from David Agnus during the Transformative Medicine USC Gala.