Who is Larry Ellison?
Larry Ellison is an American billionaire. He is co-
Ellison holds a 22.5% stake in Oracle. Which makes him one of the richest people in the world. He has an estimated net worth of US$ 77 billion. During the 1970’s he worked on a database for Ampex Corporation.
This inspired him to found the ‘Software Development Laboratories’ in 1977. SDL was later renamed Oracle after its successful product: the Oracle database.
In 2014 Oracle Corporation has more than 130.000 employees. It was realizing sales of USD 38 billion. And a net profit of USD 10 billion. Ellison also owns shares in NetSuite, Salesforce.com, and Leapfrog Enterprises.
Ellison has owned several superyachts: the 58-meter Lurssen yacht Ronin. The 75 meter Blohm and Voss yacht Katana (now ZEUS) and the 138-meter Lurssen yacht Rising Sun. And now the 88 meter Feadship Musashi. All his yachts have a Japanese-themed name.
Ellison is a backer of the Oracle Team USA. Oracle Team USA is a yacht racing syndicate formed to compete for America’s Cup. The Oracle Sailboat is a wing sail catamaran.
It unsuccessfully defended the 2017 America’s Cup. Oracle Team USA did not issue a challenge within the deadline for the 36th America’s Cup. Thus ending Oracle’s fifteen-year presence in the Cup races.
Larry Ellison Net Worth
Ellison is an active philanthropist. He has been donating hundreds of millions to medical research and education. He also signed the Giving Pledge. His net worth is estimated at $102 billion.
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Which Yachts Does/Did Lawrence Ellison Own?
He has owned several superyachts:
Musashi was built by Feadship and was delivered in 2011. The yacht is designed by De Voogt Yacht Design. She has a length of 88 meters (287ft). She is a sistership to Fountainhead, which is owned by Eddie Lampert.
Musashi is powered by 4 MTU diesel engines. Which bring her a top speed of 21 knots. She has a cruise speed of 18 knots. Her range is 6,000nm. She has a steel hull and aluminum superstructure.
Her interior is designed by Sinot Yacht Design. The superyacht can accommodate 18 guests and a crew of 24.
Rising Sun Yacht
She is powered by 4 MTU diesel engines. Which bring her a top speed of 28 knots. Her cruise speed is 26 knots. She can accomodate 16 guests and a crew of 45.
Ellison actually sold Rising Sun, as he considered her too large. She is unable to access interesting yachting destinations. He replaced her with the ‘smaller’ 88 meter Mushashi. The yacht is used as support vessel at the america cup.
The yacht Katana was built by Blohm Voss as Eco for the Mexican media billionaire Emillio Azcarraga. He was founder of Televisa.
The yacht is powered by 2 Deutz diesel engines and one General Electric gas turbine. The combined power is 28,497hp. These bring her a top speed of 35 knots. Her cruise speed is 19 knots. She has a range of 3,500nm.
Izanami Yacht (now Ronin)
The 58 meter (192ft) yacht is powered by 2 MTU 16V595 engines, with a total of 12,000hp. These bring her to a top speed of 30 knots. Her cruise speed is 18 knots. She has an aluminum hull and superstructure.
The yacht is designed by Foster and Partners. Ronin can accomodate 10 guests and has a crew of 14. Her gross tonage is 626t.
She was later listed for sale, asking US$ 16 million. We think she was not sold and is now delisted.
Perini Navi Sailing Yacht
According to Italian media, Ellison signed a $ 55 million contract in 2017, to build a large sailing yacht at Perini Navi. The yacht was supposed to be delivered in 2021. But since Perini was declared bankrupt, it is unclear if this yacht will be finished. Perini’s shareholder Eduardo Tabbachi guaranteed Ellison’s downpayment.
In 2016 Tabbachi sold his optician chain Salmoiraghi & Viganò to Luxxotica.
Larry Ellison Resources
Larry Ellison House
He owns many houses around the world. But his most notable are his Japanese-themed house in Woodside, San Francisco.
The 23 acres estate was built in 1999. It has an estimated value of US$ 200 million. He also owns a golf estate in Rancho Mirage and a house in Atherton.
He also owns the Hawaiian Island of Lanai, for which he paid US$ 300 million. Lanai is the sixth-
He owns more than 10 properties on Carbon Beach in Malibu. The area is known as billionaire beach. In 2017 he paid US$ 48 million for a house with a tennis court and pool. And in 2018 he paid US$ 38 million for Joe Silver’s beach house
Ellison is the owner of a Gulfstream G650 private jet with registration N817GS. Ellison bought the jet in 2015. The G650 has a list price of US$ 75 million. The aircraft can accommodate 14 passengers.
What is Wing and Prayer?
The jet is registered to the company Wing and a Prayer Inc. The company is owned by Ellison. Ownership is confirmed in this court document. Although the case relates to an older jet also owned by Ellison.
Also registered to Wing and Prayer are a Bombardier Global Express. This jet was built in 2000. She has registration N17GX.
And there is a Cessna 525 Citation with registration N417C. The Cessna was built in 2010.
We also found a company named Oracle Navigation LLC. We found the N15GX, another Bombardier Global Express. The jet was built in 2008. And we found the N171CL, a Bombardier Challenger built in 2013.
10 Facts About Larry Ellison you probably didn’t know.
- He is the founder of Oracle, one of the world’s largest software companies.
- His net worth is more than $102 billion.
- His base salary is just US$ 1.00 per year.
- He receives an annual dividend of more than US$ 500 million per year.
- His house in Woodside, CA has a value of more than US$ 200 million.
- He has owned many large yachts, including the 138 meter Rising Sun.
- He sold Rising Sun as she was too large unable to access most locations.
- He now owns the ‘smaller’ 88 meter Musashi.
- He also owns a US$ 75 million Gulfstream G650 private jet.
- He owns the Hawaiian Island Lanai, for which he paid US$ 300 million.