The name Larry Ellison has long been tied to Silicon Valley power plays and headline-making fortune swings. In 2024, his financial arc didn’t just curve upward—it soared, fueled by Oracle’s meteoric stock performance and strategic tech positioning.
Larry Ellison’s staggering numbers in 2024
By the close of December 2024, Larry Ellison’s net worth was estimated at $241 billion, securing his spot as the fifth richest individual globally, according to ValueWalk. That figure represents a year-over-year gain of $92.2 billion, as reported by BusinessDay. It’s a jump that no one inside the industry took lightly.
On November 21, 2024, Ellison had already accrued a net worth of $233.2 billion, marking him as the second richest person on the planet at that snapshot in time. The numbers aren’t just impressive—they’re seismic.
What drove this astronomical leap?
Oracle’s explosive stock gains
Oracle’s shares surged by a jaw-dropping 71.2% throughout 2024, a figure that speaks volumes given Ellison’s approximately 40% stake in the company. According to an article by Fox Business, much of this growth was powered by the company’s aggressive move into cloud infrastructure and artificial intelligence integration—hot sectors where Oracle had once lagged.
“We always knew Larry wasn’t betting safe—he was betting forward,” said a former Oracle executive who requested anonymity. “The cloud pivot took years to bear fruit, but in 2024 it finally did—and Wall Street reacted accordingly.”
In September 2024, Oracle’s earnings shocked analysts, shooting its stock up 13% in a single day. That alone translated into an individual gain of nearly $25 billion for Ellison, based on aggregated share valuations that day, a brief moment where he overtook Jeff Bezos in the billionaire rankings.
Table: Ellison’s 2024 wealth milestones
| Date | Net Worth | Key Event |
|---|---|---|
| September 17, 2024 | ~$230 billion (estimate) | Stock surge after Oracle earnings |
| November 21, 2024 | $233.2 billion | Second richest globally (BusinessDay) |
| December 24, 2024 | $241 billion | Year-end estimate (ValueWalk) |
Beyond Oracle: diversified assets and bold moves
While the lion’s share of Ellison’s fortune is rooted in Oracle, his financial footprint extends well beyond. As of 2023, he retained 1.4% of Tesla, a holding that appreciated alongside surging EV market valuations. He also previously held positions in NetSuite and Salesforce, and his acquisition of 98% of the Hawaiian island of Lānaʻi for a reported $500–600 million continues to draw attention, if not criticism.
These holdings act not just as hedges, but as a statement—Ellison bets wide, but stays close to his tech instincts.
How Ellison stacks up against tech’s elite
In December 2024, Bernard Arnault, Elon Musk, Jeff Bezos, and Mark Zuckerberg all edged past Ellison in net worth, but only narrowly. Ellison’s ascent put him in closer proximity to tech royalty than ever before. According to Fortune, his total wealth briefly surged to $250.9 billion by mid-2025, riding momentum from late-2024 gains.
FAQ
How did Oracle’s recent earnings impact Ellison’s net worth?
Oracle’s strong 2024 earnings, particularly Q3 results, spurred a 13% stock surge in September, adding roughly $25 billion to Ellison’s net worth in a matter of hours. This elevated his financial ranking and erased the gap with Bezos during that timeframe.
What are the main factors contributing to Ellison’s wealth growth in 2024?
- Oracle’s 71.2% stock growth
- Ellison’s 40% ownership stake in Oracle
- Positive quarterly results tied to cloud services and AI
- Additional gains from diversified tech investments
How does Ellison’s net worth compare to other tech billionaires?
By December 2024, Ellison ranked fifth globally, just behind major figures like Musk and Zuckerberg. His earnings bump made him the second-largest financial gainer of the year among billionaires, trailing only Musk.
What strategic investments has Ellison made recently?
His portfolio includes stakes in Tesla, Salesforce, and previously in NetSuite. He also maintains control over most of the Hawaiian island of Lānaʻi, which has been turned into a tech-ecological experiment of sorts.
How has Oracle’s stock performance influenced Ellison’s fortune?
Oracle’s share prices climbed more than 70% in 2024, directly boosting Ellison’s finances due to his substantial equity in the firm. The cloud business pivot played a crucial role in this valuation spike.
