Larry Ellison’s net worth is $40.2 billion.
A few readers may know that, but do you know what the first job of our planet’s seventh-richest person was, how much his Silicon Valley house is worth, or how many times he’s been married?
1. Larry Ellison’s Net Worth Is $40.2 Billion
Larry Ellison’s net worth is estimated at $40.2 billion, according to the Bloomberg Billionaires Index. (Source: “Today’s ranking of the world’s richest people,” Bloomberg, last accessed March 4, 2016.) However, Forbes, the famous American business magazine, puts the figure at $46.6 billion. (Source: “The World’s Billionaires,” Forbes, last accessed March 4, 2016.)
Ellison’s net worth makes him one of the 10 richest people in the world, just behind other tycoons like Carlos Slim Helu, Bill Gates, Warren Buffett, and Amancio Ortega. (Source: “Larry Ellison Net Worth,” Celebrity Net Worth, last accessed March 4, 2016.)
2. The Majority of Ellison’s Fortune Is from Oracle
Ellison, who started out building databases for the Central Intelligence Agency (CIA), founded what eventually became Oracle Corporation (NYSE:ORCL) in 1977 with two partners. The company sold shares in an initial public offering (IPO) on March 12, 1986, a day before Microsoft’s IPO. (Source: “Today’s ranking of the world’s richest people,” Bloomberg, last accessed March 4, 2016.)
Oracle, which has a market cap of $160 billion, is currently the world’s third-largest software company by sales. Ellison owns a 27% stake of the Redwood City, California-based company, excluding stock options. (Source: Ibid.)
Ellison has collected more than $7.0 billion from Oracle stock sales and dividends since 2003, according to Bloomberg.
3. He Is the Highest-Paid Executive in the U.S.
Ellison has gotten $960 million in compensation in the past five fiscal years, mostly from the exercise of stock options. He recently cut his salary to $1.00. (Source: “Larry Ellison Net Worth,” The Richest, last accessed March 4, 2016.)
4. He Is No Longer CEO of Oracle
Ellison stepped down as Oracle’s CEO in September 2014, taking on the titles of chairman and chief technology officer (CTO) in place of CEO. (Source: “Today’s ranking of the world’s richest people,” Bloomberg, last accessed March 4, 2016.)
5. He Has Been Married Four Times
Ellison, who will turn 72 years old in August, has been married four times and has a total of five children. His current wife, romance novelist Melanie Craft, is 25 years his junior and is the mother of three of his children, all born in the last four years. (Source: “Larry Ellison Net Worth,” Celebrity Net Worth, last accessed March 4, 2016.)
Larry also supports his adult children, David and Megan. In fact, in 2008, he reportedly purchased a $13.0-million home for his 20-something daughter in Los Angeles.
Ellison himself lives in a $200-million house in Silicon Valley, California. The mansion is modeled after a 16th Century Japanese estate. It spans 45 acres and features a main house, a two-bedroom guesthouse, three cottages, a barn converted into a gym, a manmade lake, and two waterfalls. (Source: Ibid.)
Larry Ellison’s Earnings by Year
Data source: Celebrity Glory