Larry Ellison has notched about $50 billion in gains onOracle andTesla stock this year.- The Oracle chairman owns around $135 billion worth of the two companies' shares.
Larry Ellison has racked up $50 billion in gains on just two
The Oracle chairman still owns 1.16 billion shares of the enterprise-software company he cofounded, Securities and Exchange Commission filings show. Oracle's stock price has surged 64% this year, boosting the value of Ellison's 42% stake by about $46 billion, to $120 billion.
Ellison also owns around 15 million Tesla shares — a position he established after joining the board of
Between Oracle and Tesla, Ellison has scored roughly $50 billion in unrealized gains this year. He now ranks fifth on Forbes' billionaire list with a $136 billion fortune, ahead of Google cofounders Larry Page and Sergey Brin, Meta founder Mark Zuckerberg, and former Microsoft CEO Steve Ballmer.
Ellison's gains over the past few years are also impressive. His Tesla stake has ballooned by about 15-fold in value since he revealed it in January 2019, while his Oracle holdings have roughly doubled in value over the same period.
Notably, Ellison's Tesla stake was worth close to $19 billion when the automaker's stock peaked at $1,243 in early November. His Oracle stake is worth a record amount today following the stock's 16% surge on Friday, after the company beat Wall Street's earnings forecasts and trumpeted its cloud strategy.