Oracle’s Ellison has a lot of debt

WSJ: Larry Ellison’s Leveraged Lifestyle Revealed in Lawsuit Documents

In mid-2000, for instance, documents originally prepared by Mr. Ellison’s personal financial adviser, Philip Simon, show that the Oracle co-founder and chief executive owed a total of more than $1 billion to five different banks, just $328 million shy of tapping out his line of credit. At the time, Mr. Simon anticipated additional spending by Mr. Ellison of more than $700 million over the next three years, including $20 million a year for “lifestyle,” $194 million for a new yacht and $80 million for Mr. Ellison’s America’s Cup yacht-racing team.

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