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No. 17: Larry Ellison: The Philanthropist of the Jewish World
The planned sale would roughly double the amount he has sold in the past 15 years, according to FactSet.
- Oracle co-founder and chairman Larry Ellison adopted a plan to sell up to $7.5 billion in stock, according to a regulatory filing published Friday.
- Historically, Ellison has never sold more than 25,000 Oracle shares at any given time, according to FactSet; the June 22 trading plan represents a significant departure from his approach.
- Boosted by 121% year-over-year growth in cloud infrastructure revenue, Oracle exceeded earnings estimates on Thursday, though investors have pushed the stock down roughly 20% this year.
- Controlling over 40% of Oracle, Ellison would still own 1.1 billion shares if he executes the full sale, while institutional investors remain concerned about the balance sheet.
- Ellison, the world's seventh-richest person, helped finance the 2025 merger of his son David Ellison's production company, Skydance, with Paramount, positioning him to liquidate holdings for other ventures.
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Founder Oracle Larry Ellison adopts a trading plan that allows him to sell up to $7.5 billion in shares
Larry Ellison adopts plan to sell up to 50 million Oracle shares
Larry Ellison, chairman and chief technology officer of Oracle, delivers a keynote address during the Oracle OpenWorld conference in San Francisco on Sept. 16, 2019. Justin Sullivan | Getty Images News | Getty Images Oracle founder Larry Ellison has entered into a trading plan that would allow him to sell up to 50 million of
Coverage Details
Total News Sources11
Leaning Left1Leaning Right0Center2Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
Factuality
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