Larry Ellison, the cofounder of Oracle, has seen his wealth skyrocket by an incredible $195 billion this year.
As of Monday, he is worth a whopping $393 billion, which is more than the entire market value of Bank of America, which is worth $385 billion.
Ellison’s fortune has grown so much that he is now the second richest person in the world, behind only Elon Musk, who has $452 billion.
He is now richer than Meta’s Mark Zuckerberg and Amazon’s Jeff Bezos, who have $269 billion and $250 billion, respectively.
A huge chunk of Ellison’s wealth comes from his 41% stake in Oracle. This year, Oracle’s stock has surged 97%, driven by its growing role in the AI boom.
Investors are betting big on Oracle’s future, especially as it inks major deals with companies like OpenAI.
Oracle’s contract backlog has exploded by more than 350%, reaching $455 billion.
The company’s CEO, Safra Catz, predicts Oracle’s cloud business could grow 14 times bigger in the next five years, potentially bringing in $144 billion a year by 2030, more than double what Oracle made last year.
Ellison’s net worth has nearly quintupled in the past three years, as Oracle’s stock price has gone from under $70 a share to $328.
On top of that, Ellison owns a stake in Tesla worth over $20 billion, thanks to an investment he made back in 2018.
What is Larry Ellison’s net worth?
Ellison has a net worth of $393 billion. Apart from Oracle, Ellison has invested billions in real estate.
He owns the Hawaiian island of Lānaʻi, luxury beachfront properties in Malibu, huge estates in Florida, and historic mansions in Rhode Island.
He also has a big stake in Tesla worth over $20 billion and other private investments in tech and sustainable projects.
Most of his wealth comes from his big stock holdings, smart investments, and a diverse collection of properties around the world.
How did Larry Ellison’s net worth increase?
In 2025, Oracle’s stock exploded by over 41% in a single day after the company announced massive contracts and strong growth plans for its cloud business focused on artificial intelligence.
This excitement about AI drove market confidence, pushing Oracle’s stock up and adding more than $100 billion to Ellison’s fortune almost overnight.
Ellison’s gains were also boosted by Oracle’s strategy of buying back shares, which increased his stake as the company reduced its share count.
On top of that, Ellison made smart investments in new AI projects, borrowed against his Oracle stock, and collected strong dividend income, all of which helped grow his wealth even faster.
A huge factor in Ellison’s rise in wealth is Oracle’s $300 billion, five-year deal with OpenAI, starting in 2027.
As part of the deal, Oracle will provide massive computing power for OpenAI’s AI infrastructure, helping to build new data centers with thousands of AI chips.
This contract has been a major boost for Oracle’s cloud business, increasing revenue by 77% year-over-year and pushing its contract backlog to over $317 billion.
This deal positions Oracle as a major player in the growing AI market, which has driven even more investor confidence and pushed Ellison’s wealth to new heights.