Larry Ellison
Net Worth
- $41 B As of September 2012
At a Glance
- CEO, Oracle
- Age: 68
- Source of Wealth: Oracle, Self-made
- Residence: Woodside, CA
- Country of Citizenship: United States
- Education: Drop Out, University of Chicago; Drop Out, University of Illinois at Urbana
- Marital Status: Divorced
- Children: 2
Forbes Lists
#3 Forbes 400
Profile:
Larry Ellison, America's third richest man, can now add "owns 98% of
Hawaiian island of Lanai" to his long list of accomplishments. He
bought the 141-square mile island, including its two resort hotels and
a housing development, from fellow billionaire David Murdock in June
for a reported $500 million or more. In May Ellison told the audience
at a tech conference that Oracle's 2009 purchase of hardware
giant Sun Microsystems for $7.4 billion had paid for itself, and after
jettisoning unprofitable pieces of the business, it has perhaps the
highest profit margins around for its servers. Shareholders seem to
agree; the stock has climbed 20% since late August 2011, adding $8
billion to Ellison's net worth. This, despite ongoing legal battles
with some of its biggest competitors: SAP, HP and Google. His other
passion, yachting, is making its mark on San Francisco as warm-up
events for the 2013 America's Cup yacht race kick into gear. Ellison,
who signed on to the Gates-Buffett Giving Pledge in 2010, has thus far
donated $445 million, mostly via Oracle stock, to his Ellison Medical
Foundation, which supports research on aging and age-related diseases.
His latest gift to the foundation was 1.6 million shares of Oracle
-worth $45 million - in April.
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