Tech legend Larry Ellison has over 95% of his net worth in a single stock

24/7 Wall St. Perspectives

• Billionaire Larry Ellison owns significant stakes in Tesla and real estate.
• But his massive net worth is almost entirely in his Oracle holdings.
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Billionaire Larry Ellison is a figure of unparalleled financial success and is considered one of the most savvy investors and moguls ever to emerge from Silicon Valley. His wealth, ranking him among the top five richest individuals globally, is a testament to his incredible business acumen and wild entrepreneurial spirit.

Ellison is currently the second or third richest person in the world with a net worth of $206 billion. He recently surpassed the founder of Amazon.com Inc. (NASDAQ: AMZN ), Jeff Bezos, who held the title since 2016. The back-and-forth positioning between the two tech titans depends on the closing prices of Amazon and Oracle shares on any given trading day.

Ellison has a huge Tesla position

right As of 2023, Ellison owns about 1.5%, or 15 million, of Tesla Inc.’s outstanding shares. (NASDAQ:TSLA). He joined Tesla’s board of directors in December 2018 and acquired a stake in the company during that time. His stake in Tesla has been estimated to be worth $10 billion in 2023, although the exact value fluctuates depending on Tesla’s stock price.

Ellison stepped forward stepped down from Tesla’s board in 2022, but still holds a large stake. Despite his significant holdings in the electric vehicle giant, it’s a tiny fraction of Ellison’s total net worth.

He also has massive real estate holdings

Ellison is known for its vast real estate holdings that span the United States and internationally. His real estate portfolio is estimated at billions of dollars and includes many properties, from luxury homes to islands. Here are some of the key properties in its real estate portfolio:

• He bought 98 percent of the island of Lanai, 39 miles across the Pacific off the west side of Maui, in 2012 for $300 million. The island has two luxury Four Seasons resorts.
• Ellison owns several properties around Lake Tahoe, including a massive 144-acre compound known as “Cal Neva Lodge.”
• Ellison purchased an oceanfront mansion in Palm Beach, Florida in 2021 for an estimated $80 million. This property is spread over 7 acres and is one of the largest properties in the area.

Oracle remains the difference for Ellison

Founded in 1977 by Ellison and two others and renamed Oracle Corp. (NASDAQ: ORCL) in 1982, the company provides products and services that address enterprise technology environments around the world.

Its Oracle Cloud The software-as-a-service offering includes various cloud software applications, including:

• Oracle Fusion Cloud Enterprise Resource Planning (ERP), Oracle Fusion Cloud Enterprise Management Performance
• Oracle Fusion Cloud Supply Chain and Manufacturing Management
• Human capital management Oracle Fusion cloud
• Oracle Cerner Healthcare
• NetSuite application suite
• Oracle Fusion Sales, Service and Marketing

Oracle recently announced that it has partnered with Amazon Web Services to enable AWS customers to use Oracle artificial intelligence applications in the Amazon cloud. The deal completes what Wall Street called the “triple crown” of Oracle’s partnerships with cloud computing giants, along with its previously announced deals and partnerships with Alphabet Inc. (NASDAQ: GOOGL ) and Microsoft Corp . (NASDAQ: MSFT).

Ellison’s massive net worth is almost entirely Oracle holdings

Ellison owns nearly 42% of Oracle, which is a whopping 1,145,732,253 shares of the software giant. This represents approximately 95% of Ellison’s net worth. While Ellison has been reported to be leveraging his giant position to gain cash for real estate and other investments, the fact that he remains so invested in the stock of the company he started is a testament to his faith in Oracle for the future. Besides, at 80, what’s the point of selling and getting the massive tax?

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