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lite.cnn.com - on gopher - inofficial
ARTICLE VIEW:
Who is Larry Ellison, who became the world’s richest person this
week?
By Jordan Valinsky, CNN
Updated:
10:55 AM EDT, Thu September 11, 2025
Source: CNN
Larry Ellison briefly became the world’s richest person Wednesday
before ending the day just $1 billion shy of the lead.
The uber-billionaire is still on the verge of becoming the world’s
richest person, according to the Bloomberg Billionaires Index, growing
his net worth $88 billion Wednesday, briefly from his perch.
The 81-year-old is Oracle’s largest individual shareholder and whose
stock is having its biggest single-day gain since 1992. Ellison’s
wealth stands at $383 billion, slightly below Musk’s $384 billion,
according to Bloomberg’s calculations.
So, how did he get here?
It traces back to 1977, when Ellison, Bob Miner and Ed Oates founded
Software Development Laboratories in Santa Clara, California. They were
contracted by the CIA to build a database program code-named
“Oracle.”
Five years later, the company changed its name to Oracle and went
public in 1986. Throughout the four decades, the company has found
various levels of success in technology, but most recently in demand
for its data center capacity from AI customers.
Ellison has held various leadership roles in Oracle, including being
president of Oracle from 1978 to 1996. He was also chairman twice, from
1990 to 1992. In 1992, he had a near-fatal bodysurfing accident. He
came back in 1995 for about a decade.
In 2014, stepped down as Oracle CEO and was named executive chairman of
the board and chief technology officer, both titles he currently holds.
The company announced Tuesday that it signed four multibillion-dollar
contracts with customers during the quarter and expects to sign several
more in the coming months, propelling the stock — and Ellison’s
wealth — to astronomical levels.
But it’s not all work and no play.
In 2012, Ellison bought 98% of Lana’i, the sixth-largest island in
Hawaii. A notes that his wealth back then was just $36 billion and it
was the same island that Bill and Melinda Gates were married on. (They
later divorced.)
He’s also a big sailor. In 2013, Oracle Team USA, the team he backed,
came from behind to win and successfully defend the America’s Cup.
The team dissolved in 2017.
In 2018, Ellison cofounded SailGP, a high-speed catamaran racing league
that competes around the world and has attracted celebrity backers.
Most recently, actress Anne Hathaway and a consortium of investors
acquired the Italy SailGP team and soccer star Kylian Mbappé has
invested in the France SailGP team.
He’s also the Indian Wells tennis tournament in California, earning
it the nickname. It’s also famous for having Nobu, a pricey sushi
spot, overlooking one of its biggest show courts.
Politics are an area of interest for Ellison, who has frequently
donated millions of dollars to Republican and conservative groups. In
2022, he gave $15 million to a super PAC supporting South Carolina
Republican Sen. Tim Scott for president. In 2015, he also donated to
Marco Rubio’s presidential campaign.
Ellison currently has close ties with President Donald Trump. In
January, he appeared with at the White House as Trump announced the
creation a new company to grow AI infrastructure in the United States.
Ellison has donated to medical efforts, too. In 2016, he announced a
$200 million donation to the University of Southern California to
establish a cancer research and treatment center.
After his death, Ellison’s wealth will still be felt — somewhere.
In 2010, he signed the Giving Pledge, a Bill Gates-backed initiative
that promises to give away at least 95% of one’s wealth to charity.
Ellison on X he was “amending” that effort, funneling some of the
money toward a technical institute he founded with the University of
Oxford.
The Ellison Institute of Technology’s “humane endeavors include
transforming healthcare by designing and distributing a new generation
of life-saving drugs, combating world hunger by engineering higher
yielding crops and building a global network of low-cost indoor growing
systems, and slowing climate change by developing efficient clean
energy generation and storage system,” he wrote.
A from August said that Ellison “rarely engaged with the community of
Giving Pledge signers” and “has cherished his autonomy and does not
want to be influenced to support” Gates’ causes. (Ellison did not
respond to the Times’ request for comment).
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