Larry Ellison Net Worth

Larry Ellison Net Worth

Real Name: Larry Ellison
Date of Birth: 08/17/1944
Place of Birth: New York, NY

2019 Net Worth: $50 Billion
2018 Earnings: $75 Million

Profession: Businessman

Larry Ellison Biography

Larry Ellison is a businessman best known for co-founding Oracle Corporation.

Ellison was born in New York City on August 17, 1944 to an unwed mother. When he was nine months old he became ill with pneumonia, after which his mother gave him up for adoption to his aunt and uncle. He did not meet his birth mother again until age 48.

He grew up in Chicago and attended the University of Illinois for two years before dropping out when his adoptive mother passed away. He then attended the University of Chicago, where he encountered computer design at age 22. He dropped out after one semester and moved to California where he worked in software development.

In 1977 Ellison founded Software Development  Laboratories (SDL) with $1,200 of his own money and an $800 investment from two partners.  In 1982 the company changed its name to Oracle Systems Corporation after its flagship product, Oracle database.

He has received hefty compensation as CEO and co-founder of Oracle. From 2005 to 2009 he received an average of $60 million yearly.

The company’s growth exploded, as did Ellison’s net worth. Today he is the third richest person in the United States with a net worth of $50 billion.

Ellison is auspicious about his wealth and enjoys buying yachts, rare and expensive cars, and planes and even owns a fighter jet. He is also heavily invested in real estate and owns $180 million worth of property in Malibu as well as a $110 million estate in Woodside, California and 98% of Hawaii’s sixth-largest island, Lanai.

He has been married and divorced four times and has five children.

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