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Founder of The Oracle Corp revealed as a $1 billion stakeholder in Tesla

Earlier in the day, (Wednesday, 9th January), Larry Ellison was revealed as the owner of a $1-billion stake in Tesla.

This revealing of a 10-figure holding was made via a filing with the US Securities & Exchange Commission.

As per reports, Larry Ellison, Founder of The Oracle Corp. and long-time friend of Tesla CEO, Elon Musk was introduced as a board member of the electric-car maker back in December in a bid to show regulators that the board is providing effective oversight.

With a mammoth net worth of $51.4 billion on the Bloomberg Billionaires Index, Ellison 74 is the ninth-richest person all over the world.

According to sources close to the matter, Ellison is indirectly the owner of 3 million shares through the Lawrence J Ellison Revocable Trust.

As per reports, back in October 2018, Ellison had revealed that Tesla was his second-largest investment but did not give out any further details.

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