Oracle’s Larry Ellison is growing, competing with Musk, Bezos, Zuckerberg
Oracle founder and CTO Larry Ellison’s net worth continues to grow, placing him among the top billionaires of Elon Musk, Jeff Bezos and Mark Zuckerberg. (Credit: Getty Images)
Oracle founder and CTO Larry Ellison’s net worth continues to grow, placing him among the top billionaires of Elon Musk, Jeff Bezos and Mark Zuckerberg.
His net worth is estimated at $208 billion as of Friday evening, according to Forbes.
At that level of wealth, he was between Musk, the richest with a net worth of $264 billion, and Mark Zuckerberg, who is the third richest with $206 billion, on this store’s real-time wealth tracker.
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Bezos was not far behind as the CEO of Meta Platforms, and Forbes estimated his fortune to be worth $204.4 billion.
Oracle Chief Technology Officer Larry Ellison delivers a keynote speech during Oracle OpenWorld 2019 on September 16, 2019, in San Francisco, California. (Justin Sullivan/Getty Images/Getty Images)
Ellison received a surge of more than $33 billion from his net worth in September, a report said Tuesday. Compared to the beginning of October last year, it is reported to have increased by tens of billions of rands.
His holdings in Oracle have a significant impact on his value. It’s worth more than 41% of the software company’s common stock, a recent filing with the Securities and Exchange Commission (SEC) showed.
FEMALE PHOTOS: Oracle Executive Chairman of the Board and Chief Technology Officer Larry Ellison moves while giving a presentation during his keynote speech at Oracle OpenWorld in San Francisco, California September 30, 2014. (Reuters Photos/Robert Galbraith / Reuters)
He has also invested in real estate over the years, including a large amount of land in Hawaii and property in several countries, according to reports.
| A ticker | Security | Finally | Change | change % |
|---|---|---|---|---|
| ORCL | ORACLE CORP. | 170.79 | +3.87 |
+2.32% |
Ellison, Bob Miner and Ed Oates created Oracle almost 47 years ago.
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The software company’s stock price has posted a 63% year-to-date increase and a 59% jump in the past 12 months, something that has helped lift Ellison’s fortune.
Signs are displayed on the Oracle Corp. headquarters building. campus in Redwood City, California, US, on Monday, March 14, 2016. (Michael Short/Bloomberg via Getty Images/Getty Images)
In September, Oracle said it generated $13.3 billion in revenue and $2.9 billion in profit in the first quarter, a year-over-year increase of 7% and 21%, respectively. CEO Safra Catz said at the time that the company was “highly confident and committed to double-digit full-year revenue growth and full-year cloud infrastructure revenue growing faster than last year” for the fiscal year.
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Informa Connect Academy recently predicted that Oracle’s market capitalization could rise to $1 trillion by 2030 if it continues on its current path. It was 471.139 billion as of Friday.
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