Larry Ellison Surpasses Jeff Bezos to Become World’s Second Richest Individual – Check His Stocks and Collaborations

Larry Ellison has become the world’s second wealthiest individual and boasts an immense fortune valued at approximately $206 billion. In recent developments, Ellison surpassed Jeff Bezos, the founder of Amazon, who had intermittently held the top position since 2016. The rivalry between these tech moguls seesaws regularly, largely dependent on the stock performance of their respective companies, Oracle and Amazon.

As of 2023, Ellison’s portfolio includes a 1.5% stake in Tesla, amounting to about 15 million shares. He initially joined Tesla’s board of directors in December 2018, purchasing his stake around the same time. Though he stepped down from the board in 2022, his holdings in the electric vehicle giant remain substantial. His stake was estimated to be worth $10 billion in 2023, but like his Amazon and Oracle shares, its value fluctuates based on market conditions.

In addition to his tech investments, Ellison is well-known for his extensive real estate ventures, which span the globe and contribute significantly to his wealth. His properties range from luxury estates to entire islands, representing a real estate portfolio valued in the billions. Some standout holdings include:

• • • Nearly complete ownership of the Hawaiian island of Lanai, purchased in 2012 for $300 million, home to two exclusive Four Seasons resorts.
    • Several properties surround Lake Tahoe, notably the sprawling 144-acre “Cal Neva Lodge” estate.
    • An $80 million beachfront mansion in Palm Beach, Florida, acquired in 2021, stretches across more than seven acres, making it one of the region’s largest estates.

Ellison’s influence is deeply tied to Oracle, the tech company he co-founded in 1977 and rebranded in 1982. Oracle is now a global leader in enterprise IT solutions, offering a variety of cloud services that span enterprise resource planning, supply chain management, healthcare, and more. Ellison retains an overwhelming 42% ownership stake in the company, which equates to over a billion shares and represents 95% of his net worth.

In a notable move, Oracle recently joined forces with Amazon Web Services (AWS), allowing AWS customers to integrate Oracle’s artificial intelligence applications into their cloud environments. This partnership follows Oracle’s strategic collaborations with other tech giants, such as Alphabet and Microsoft, a trio often referred to as Oracle’s “triple crown” in cloud partnerships.

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