Larry Ellison - CEO, Oracle
Net Worth $41 B As of September 2012
CEO, Oracle
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
#6 Forbes Billionaires
#3 in United States
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.
The data in this section is provided by Morningstar and is based on federal disclosure filings. Figures here may differ from Forbes estimates that take into account more recent changes.
Oracle Corporation
Compensation for 2011
- Salary $1
- All other compensation $1,545,820
- Option awards $62,668,200
- Non-equity incentive plan compensation $13,341,994
- Total Compensation $77,556,015
Options Exercised for 2011
Number of securities underlying options exercisable 900,000
Stock Ownership for 2012
Number of shares owned 1,105,234,580
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