Ellison is Tesla’s second-biggest individual shareholder after Musk. He revealed his bet on the automaker was his second-largest investment during a call with Oracle analysts in October 2018.
The tech billionaire also described Musk and himself as “very close friends” on the call. Indeed, Musk flew to Lanai – Ellison’s Hawaiian island – last month to get some advice from the Oracle executive.
Ellison’s Tesla wager has helped lift his fortune to about $81 billion, making him the 10th-richest person in the world, according to the Bloomberg Billionaires Index. Musk tops the ranking with a net worth north of $200 billion.
Here’s a chart showing Tesla’s astounding stock-price gain over the past three years: