How Much Money Did Larry Ellison Make Last Year?

By on September 24, 2012 in ArticlesCelebrity News

How much money did Oracle CEO Larry Ellison make in the fiscal year 2012? Oracle just filed a report with the Securities and Exchange Commission outlying Ellison's entire lucrative compensation for the year, and it's impressive. Ellison is currently the sixth richest person in the world with a net worth of $41 billion. He is also frequently one the highest paid CEOs in the world which he might actually deserve considering Oracle's net income rose 17% during a recession year.

For the fiscal year 2012 which just ended for Oracle, CEO Larry Ellison was paid $96 million. That represents a 24% increase over his 2011 income of $77.6 million. Interestingly, Larry's base salary is just $1 per year, so the $96 million comes from option grants and other perks. According to their SEC filing, Ellison was granted $90,693,400 worth of Oracle options in 2012. He was also awarded $3.9 million in executive incentive compensation (bonuses). Finally, Oracle paid $1.548 million for Ellison's personal security and transportation.

Larry Ellison Net Worth and Salary

Larry Ellison Net Worth and Salary/ Kimberly White/Getty Images

 

In addition to taking home $96 million in salary, Ellison's total net worth increased 24% in 2012 from $33 billion to $41 billion thanks to Oracle's strong stock performance. Today Larry is the sixth richest person in the world behind Ingvar Kamprad (Ikea founder $43.5 billion), Warren Buffett ($48.1 billion), Amancio Ortega Gaona (Spanish founder of clothing retailer Zara, $53.1 billion), Bill Gates ($64.8 billion) and Carlos Slim Helu ($74.5 billion). A $41 billion net worth makes Larry Ellison the third richest person in America. Not bad for a guy who did not even graduate from college!

What would you do if you made $96 million a year?

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Articles Written by Brian Warner
Prior to launching Celebrity Net Worth, Brian spent seven years as the Managing Editor of one of the largest entertainment portals on the internet. Before that, Brian attended Georgetown University where he double majored in finance and marketing. A native of Northern California, Brian currently resides in Los Angeles. Follow him on Google+.
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