Oracle founder Larry Ellison has pledged to give away 95% of his $393B fortune-but sudden leadership changes fuel a mystery | Fortune
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Oracle founder Larry Ellison has pledged to give away 95% of his $393B fortune-but sudden leadership changes fuel a mystery | Fortune
"Oracle founder and potential TikTok overlord Larry Ellison's current net worth is estimated at $393 billion, making him the second-richest person in the world in 2025, only behind Elon Musk. His fortune has grown rapidly due to massive gains in Oracle's stock, driven by the AI boom, and a significant stake in Tesla. Ellison pledged to donate 95% of his wealth as part of the Giving Pledge in 2010."
"He founded the Ellison Institute of Technology (EIT), a for-profit philanthropic organization at The University of Oxford. But Ellison's EIT has recently been destabilized by leadership changes, according to a report in The New York Times. In 2024, he hired scientist John Bell to head the research. But in August, Ellison announced he had hired former University of Michigan President Santa Ono to "collaborate" with Bell."
Larry Ellison's net worth is estimated at $393 billion as of 2025, fueled by a 41% stake in Oracle and a significant Tesla holding. He pledged to donate 95% of his wealth via the Giving Pledge in 2010 and has shifted away from traditional nonprofits toward direct philanthropic strategies. He founded the Ellison Institute of Technology, a for-profit philanthropic organization with a new Oxford campus valued at about $1.3 billion. The institute experienced leadership upheaval after hiring John Bell in 2024 and then adding Santa Ono to collaborate; Bell left amid reported tensions over commercialization plans and financial commitments.
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