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He already owns it all, including fancy mansions in Malibu, Woodside, and Rancho Mirage, Calif.; an estate in Newport, R.I.; and fleets of fast cars, private jets, and fancy yachts.Oracle co-founder and CEO Larry Ellison turned 70 recently, a milestone that must be marked with a gift.But what do you buy a man who is listed by Forbes as the third-wealthiest man in America and the fifth-wealthiest person in the world, with a net worth reported at billion?Ellison owes the bulk of his wealth to his years leading the company he co-founded as Software Development Laboratories in 1977.After a brief stint as Relational Software, the company was renamed Oracle in 1982.It went public in 1986, when its annual revenue was million.
He owns a majority share of Net Suite and has stakes in Salesforce.com, Quark Biotechnology, and Astex Pharmaceuticals.
Ellison's total haul was nearly 3 million in 2013, making him one of the highest-paid execs in the US, but it also sparked a bit of a backlash.
For two years in a row, Oracle shareholders have opposed the company's executive compensation plans, so the company's compensation committee has responded by cutting Ellison's salary to , reducing his cash bonus, and this year more than halving the real annual prize by cutting stock option grants from 7 million in 2013 to 3 million for 2014. Who's watering hole, here are some of Gotham's top geek hotspots: Geek's Guide To NYC Travel: Interop Preview.] Don't cry for Ellison.
To top it all off, Ellison bought Hawaii's sixth-largest island, Lanai, in 2012, reportedly paying between 0 million and 0 million.
Even at age 70, Ellison shows no sights of slowing down, and there's no talk of retirement.