Larry Ellison's Net Worth as of January 2023 is $102.4 Billion
Quick Facts of Larry Ellison
|Net Worth||$102.4 Billion|
|Height||6 ft 3 in|
|Date of Birth||17 August, 1944|
Just like fellow tech billionaire entrepreneurs, and, Larry Ellison is a university dropout who went on to make a fortune through his company, Oracle Corporation, with a focus on the development and marketing of database software and technology.
The Oracle Corporation chairman and chief technology officer also serve as a non-executive director of Tesla Inc. Join us as we take a look at the life of the man who as of June 2018, according to Forbes, is the tenth-wealthiest person in the world.
How did Larry Ellison become rich?
Larry Ellison’s company grew steadily till 1992 and after that his company released Oracle 7 it swept the market and Larry became a billionaire.
Biography, Age, Education
On the 17th of August, 1944, in the New York City borough of The Bronx, Lawrence Joseph Ellison was born to a single Jewish mother, Florence Spellman.
Other than the fact that Ellison’s biological father was said to have been a United States Army Air Corps pilot of Italian descent, nothing else is known about him. This meant he was left to be raised by just his mother who had a difficult time doing so.
When Larry Ellison was about nine months old, he suffered from a severe bout of pneumonia that prompted his mother to send him away to be catered for by her aunt and uncle; Lillian Spellman and Loius Ellison, who lived in the Chicago area.
The couple later legally adopted the baby and raised him in the middle-class neighborhood of Chicago’s South Shore community.
As a child, Ellison displayed a very good understanding of science and mathematics as he excelled in school. After completing his high school education, he enrolled at the University of Illinois at Urbana-Champaign where he was named science student of the year in his freshman year.
In his second year, however, following the death of his adoptive mother, Ellison dropped out of school. He tried to return to school a year later, this time at the University of Chicago, where he managed to stay for only one term before dropping out again.
By this time, he encountered computer design which he became fascinated with as it went on to define his career path.
Following his decision to abandon college, Larry Ellison opted to leave the midwest for Northern California, where he worked for companies such as Amdahl Corporation, Wells Fargo, and Ampex Corporation before he and two other friends founded the company, Software Development Laboratories (SDL) in 1977.
In 1979, SDL renamed itself Relational Software Inc. before later changing to Oracle Systems Corporation in honor of its flagship product, the Oracle Database, in 1982.
Oracle Systems Corporation grew to enjoy huge success in the coming years although it was occasionally threatened with bankruptcy due to poor or overzealous approaches to business.
Larry Ellison went on to become a driving force in the tech world as he further succeeded in business to become one of the wealthiest people in the world.
How much of Tesla does Larry Ellison own?
Larry Ellison owns 15 million shares of Tesla which is an electric vehicle company founded by Elon Musk. Larry is one of the second-largest individual share holder after Elon Musk.
Larry Ellison’s Height and Weight
Larry Ellison has a height of 6 feet 3 inches (1.91 m) and weighs 85 kg (187 lbs). Similarly, he has a slim type body with brown dark hair and a pair of brown dark eyes.
Who is Larry’s Spouse, Wife, or Girlfriend?
Larry Ellison has been unable to replicate the type of success he has enjoyed in his business in his personal life, as he has been married and divorced four different times.
His first marriage to Adda Quinn in 1967 lasted for seven years before ending in 1974. His next marriage, which was to Nancy Wheeler Jenkins, lasted just one year, from 1977 to 1978.
Ellison waited a few years before trying again, this time with Barbara Boothe, who used to work as a receptionist at Relational Software Inc., in 1983. He famously presented her with an 11-page prenuptial agreement just before the wedding ceremony, which almost resulted in the ceremony being called off.
The pair, however, went ahead to get married and welcomed two children; David and Megan Ellison, before divorcing three years later in 1986.
Larry Ellison again backed away from the marriage for a few years before choosing to try again with romance novelist Melanie Craft in 2003. The duo divorced in 2010. He has since then begun dating actress and model Nikita Kahn.
Larry Ellison’s Net Worth
Larry currently has an estimated net worth of $102.4 billion. He made most of his wealth through his involvement with Oracle where he holds or once held the positions of executive chairman, chief executive officer, and chief technology officer of the company.
He is further involved with other companies such as the wellness startup called Sensei, which is looking to begin hydroponic farming on the Hawaiian island Lanai.
Thanks to Ellison’s enormous wealth, he has been able to afford himself an extravagant lifestyle that includes being a licensed pilot and owning several aircraft, including two military jets, one of which the US government has refused to grant him permission to import.
He further owns a number of choice properties all across the United States, including the aforementioned Hawaii island of Lanai, which he bought in 2012.
How did Larry Ellison buy Lanai?
Back in 2014, Larry bought a budget airline named Island Air but the airline lost around $21.78 million and had to pay 20 percent of its workforce for which Larry sold his controlling interest in airline.
Larry Ellison’s Social Media: Instagram, Twitter
Larry Ellison is not active on Instagram, he does not have any officially verified account on Instagram. But Ellison is very active on Twitter and has 114k fans following Twitter.
Larry Ellison’s Some Quotes
- “When you live your life in different ways, it makes people around you become uncomfortable. So deal with it. They don’t know what you are going to do.“
- “You realize that life is short and fragile; and when you are facing walls of water, you understand your own mortality can change and how quickly things could change.“
- “The most important aspect of my personality as far as determining my success goes has been my questioning conventional wisdom, doubting experts, and questioning authority. While that can be painful in your relationships with your parents and teachers, it’s enormously useful in life.“
- “Being first is more important to me [than earning money]. I have so much money. Whatever money is, it’s just a method of keeping score now. I mean, I certainly don’t need more money.“
- “All you can do is every day, try to solve a problem and make your company better. You can’t worry about it, you can’t panic when you look at the stock market’s decline. You get frozen like a deer in the headlights. All you can do is all you can do.“