Dec 10, 2024
Oracle Shares Tumble After Earnings Miss—Larry Ellison’s Fortune Loses $15 Billion
Analysts remained optimistic about the database software firm despite a recent earnings report.
PROFILE
Larry Ellison
CTO and Founder, Oracle
$210.6B
$2.8B (1.30%)
Real Time Net Worth
as of 12/31/24
#3 in the world todayReflects change since 5 pm ET of prior trading day.
Photo by Jamel Toppin for Forbes
From the Editor
- Larry Ellison is chairman, chief technology officer and cofounder of software giant Oracle, of which he owns roughly 40%.
- He gave up the Oracle CEO role in 2014 after 37 years at the helm.
- Oracle has grown in part through steady acquisitions of software companies: the biggest was $28.3 billion for electronic health records company Cerner in 2021.
- In 2020, Ellison moved permanently to the Hawaiian island Lanai, which he bought nearly all of in 2012 for $300 million.
- Ellison sat on Tesla's board from December 2018 to August 2022. He owned 45 million split-adjusted shares before stepping down as a director.
Wealth History
HOVER TO REVEAL NET WORTH BY YEAR
Forbes Lists
Personal Stats
- Age
- 80
- Source of Wealth
- Oracle, Self Made
- Residence
- Woodside, California
- Citizenship
- United States
- Marital Status
- In Relationship
- Children
- 4
- Education
- Drop Out, University of Chicago; Drop Out, University of Illinois, Urbana-Champaign
Did you know
In Their Own Words
When people start telling you that you're crazy, you just might be on to the most important innovation in your life.
Larry Ellison
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