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Larry Ellison and Elon Musk, two of the world’s wealthiest billionaires, share a common interest in Tesla (TSLA), as they both own substantial stakes in the S&P 500 company. This connection becomes particularly notable when considering Tesla’s remarkable performance in the stock market, with a significant 120% gain so far this year.
Elon Musk currently holds the coveted title of the richest person, with a net worth of $236 billion, while Larry Ellison secures the fourth spot with a net worth of $134 billion. A significant factor contributing to their immense wealth is their substantial ownership of Tesla stock.
Both Ellison and Musk stand to benefit from Tesla’s success, as the company’s stock appreciation contributes to their considerable wealth. This alignment of interests underscores their shared investment in the electric vehicle manufacturer and highlights their confidence in Tesla’s potential.
It’s not surprising to see Musk such a large holder of Tesla stock. Musk still owns more than 411 million shares of Tesla. That amounts to nearly 13% of the company — more than anyone else. And that’s paying off handsomely this year. The value of Musk’s stake has risen $60.6 billion just this year.
Ellison, though, seems to understand not only the power of Tesla, but also concentrated positions. His 45 million shares of Tesla added $6.6 billion in wealth to his portfolio this year alone. And Tesla isn’t even the very top reason Ellison is back in the top five richest people in the world. For that, he can thank his holding onto a staggering 42% of Oracle.
The value of his 1.15 billion Oracle shares has risen more than $46 billion this year. Shares of Oracle are up nearly 50% this year on the company’s inroads in AI software and services. No investor comes anywhere near his ownership position in the company. Even ETF giant Vanguard only owns 5% of the company and is a distant second to Ellison.
As prominent figures in the business world, Ellison and Musk’s ownership of Tesla serves as a testament to the company’s significance and impact on the market. Their investments not only solidify their positions among the world’s wealthiest individuals but also demonstrate their support for sustainable transportation and technological innovation. It is worth noting that while Ellison owns a 1.4% stake in Tesla, Musk, who is also the CEO of the company, holds a much larger stake 12.9%, reflecting his pivotal role in driving Tesla’s growth and shaping its strategic direction.
Overall, the shared ownership of Tesla by Larry Ellison and Elon Musk signifies their belief in the company’s future prospects and serves as a reminder of the influential role that these billionaires play in the business landscape.
Elon Musk’s prominent position as the largest owner of Tesla stock has propelled him to the pinnacle of wealth. His strategic leadership and visionary approach as the CEO of Tesla have been instrumental in driving the company’s success and, subsequently, his own financial fortunes.
Largest owners of Tesla shares
- Elon Musk
Shares held (millions): 411.1
% of the company: 12.9% - Vanguard Group
Shares held (millions): 220.6
% of the company: 6.9 - BlackRock
Shares held (millions): 178.7
% of the company: 5.6 - State Street Global Advisors
Shares held (millions): 99.7
% of the company: 3.1 - Capital Research and Management
Shares held (millions): 53.1
% of the company: 1.6 - Geode Capital Management
Shares held (millions): 50.0
% of the company: 1.5 - Lawrence J. Ellison
Shares held (millions): 45.0
% of the company: 1.4 - Fidelity Management & Research Company (FMR Co.)
Shares held (millions): 29.4
% of the company: 0.9 - Norges Bank Investment Management
Shares held (millions): 28.1
% of the company: 0.8 - Northern Trust Global Investments
Shares held (millions): 27.1
% of the company: 0.8
Larry Ellison, renowned as the founder of Oracle (ORCL), also enjoys substantial wealth thanks to his investment in Tesla. As the seventh largest owner of Tesla stock, Ellison’s stake in the electric vehicle company has significantly contributed to his impressive net worth. Notably, his holdings in Tesla surpass those of major investment firm Fidelity, underscoring the extent of his investment in the company.
The continued success of Tesla has played a pivotal role in elevating the wealth of both Ellison and Musk. As Tesla’s stock value continues to rise, their net worth experiences a corresponding increase, solidifying their positions among the world’s wealthiest individuals.
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