In 2018, Larry Ellison Quietly Acquired 1.7% Of Tesla… Here’s How That Turned Out


Larry Ellison is primarily known as the founder and former CEO of database giant Oracle. For those of you who are not aware, for most of the 80s-90s and 90s, Oracle was the major supplier of software for business systems. You know how personal computing dominates with software like Microsoft Excel and Word? Oracle had a similar dominance with software that operated payroll systems, hospital records, hotel / airline booking services, etc. Today, Oracle is one of the few major “cloud” database companies. If you by some means get paid reports or expense reports for a large company, there is a good chance that Oracle is running that software from behind the scenes.

Ellison took Oracle publicly on March 12, 1986, virtually one-day before Microsoft’s rival Bill Gates went public.

In the past 20 years, Larry has paid at least $ 10 billion in cash from Oracle through stock sales and dividends. They have used some of the proceeds from these sales to acquire the best portfolio of toys, real estate, hobbies and endeavors in the world. He owns the entire Hawaiian island of Lanai. He owns 99% of the island’s land and all of its buildings, including two of his most exclusive four-season resort locations. He originally owns America’s Cup racing team, Twivel homes in Malibu, Ranch Mirage, California’s 249-acre Porpine Creek Estate Golf Course, California’s Indian Wells Tennis Gardens, several private jets, a MiG-29 fighter jet. , An airline … I can go on and on, but I’ll stop there.

Even after selling $ 10 + billion of his equity to acquire billions of dollars of toys and real estate, Larry is one of Oracle’s largest individual shareholders. As of his last SEC filing, Larry owns 1.1 billion shares of Oracle.

Currently Oracle is trading around $ 61 per share, an almost all-time high. That’s why Larry’s worth 1.1 billion Oracle shares. $ 67 billion.

If that was his only asset, it would be enough to make him the 15th richest man on the planet. Nevertheless, as of this writing, Larry is the 8th richest man in the world with Networth $ 84 billion. How why? One word:

Tesla.

Larry Ellison and Elon Musk have been close personal friends dating back over a decade. Larry has been one of Elon’s biggest defenders.

In one of Tesla’s lowest points years ago when critics were insulting Elon for insulting abusive behavior (who smokes at Rogan for tweeting smoking pot, crazy ideas), here’s how Larry responded :

This boy is landing a rocket. You know, he’s landing rockets on a robot drone raft at sea. And you are saying that he does not know what he is doing. Well, who is the landing rocket? Do you ever land rockets on a robot drone? Who are you?

(Photo by Philip Philip / Getty Image)

As it turns out, Larry wasn’t just defending Elon with words, he threw in his support as the owner of Tesla stock.

We do not know how many shares he had when 2018 began, but by the end of 2018 he had enough shares that compelled him to file SEC. According to SEC filings, Larry quietly acquired 3 million shares of Tesla during 2018, 1.7% of the company’s total outstanding shares at the time. He spent about $ 1 billion to acquire the shares.

Here is a chart of Tesla’s share price between January 2018 and the present:

Following a 5–1 stock split in August 2020, Larry’s 3 million shares became 15 million shares.

Tesla closed at a high of $ 880 per share earlier this week. 15 million shares equivalent to $ 880 per share:

$ 13.2 billion

In two years, with an investment of $ 1 billion.

Thus, Larry Ellison’s net worth today is $ 84 billion, the 8th richest person in the world.

What would you do for a friend? Would you buy $ 1 billion in stock in their company? What would you do for that friend if your 1 billion dollar increases to 13 billion dollars ???

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