Larry Ellison, the billionaire founder of Oracle and the world’s second-richest man, is making headlines not just for his staggering net worth of $373 billion (around ₹31 lakh crore), but for his philanthropic vision. Ellison is reportedly planning to donate 95% of his wealth, a move that could become one of the most significant acts of giving in modern history.
Larry Ellison, founder of Oracle and the world’s second-richest person, has once again made global headlines. Known for building immense wealth through his vision and business acumen, Ellison is now reportedly planning to donate 95% of his fortune for the greater good of society.
Currently, Ellison’s net worth is estimated at $373 billion (approx. ₹31 lakh crore), making him one of the most powerful figures in global business. His decision to part with nearly all his wealth has sparked widespread attention.
Ellison’s fortune has skyrocketed in recent months, largely due to the AI boom. Oracle, his company, has witnessed a massive surge in share value thanks to growing demand for artificial intelligence technologies.
Additionally, Ellison’s investments in companies such as Tesla have significantly contributed to his wealth expansion.
Back in 2010, Larry Ellison joined the “Giving Pledge” initiative, where he committed to donate 95% of his total wealth. However, Ellison made it clear that he would not follow traditional charity models. Instead, he plans to contribute on his own terms and in ways he believes can create long-term societal impact.
At the heart of Ellison’s philanthropic vision is the Ellison Institute of Technology (EIT), located at the University of Oxford, UK. The institute is dedicated to research on pressing global issues such as:
Healthcare
Food security
Climate change
Artificial intelligence
A new EIT campus is expected to be completed by 2027, with an estimated investment of $1.3 billion.
This is not Ellison’s first major step in philanthropy. In the past, he has donated:
$200 million (₹1,600 crore) to the University of Southern California for a cancer research center.
Nearly $1 billion to the Ellison Medical Foundation, which focused on aging, healthcare, and disease prevention.
Although critics have sometimes argued that Ellison has not donated as directly as promised, the institutions and long-term projects he supports are channeling billions of dollars into meaningful causes.
The Ellison Institute of Technology has also faced challenges. In 2024, scientist John Bell was appointed as its head but stepped down soon after. Despite this, Ellison’s team continues to push forward with its mission, and Ellison himself remains deeply involved in the institute’s progress.
Conclusion
Larry Ellison’s decision to donate 95% of his fortune could become one of the largest philanthropic moves in history. With a focus on technology-driven solutions to global challenges, Ellison’s vision may redefine how billionaires contribute to society. While skepticism remains over execution, the impact of his initiatives could shape healthcare, AI, and sustainability for decades to come.