As of May 4, 2022, Ellison ranked 11th on the list of the richest people in the world with a net worth of $95.6 billion, according to Bloomberg. In addition to owning more than 40% of Oracle, he owns a stake in Tesla Inc. (TSLA). Ellison is known for extravagant spending, including buying 98% of the Hawaiian island of Lanai, spending $194 million on a yacht, and investing hundreds of millions of dollars in luxury real estate in Malibu, California. He also built a California estate modeled on 16th-century Japanese feudal architecture.