Oracle co-founder Larry Ellison is reportedly planning to spend upward of $60 million to support the presidential campaign of Republican Sen. Tim Scott.
Oracle Corp. ORCL, -1.04% co-founder Larry Ellison is reportedly planning to spend upward of $60 million to support the presidential campaign of Republican Sen. Tim Scott.
Citing sources familiar with Ellison’s plans, CNBC reported Monday that the Republican megadonor who has already donated at least $30 million since 2021 to Opportunities Matters Fund, a pro-Scott super PAC, is likely to double that amount in contributions this year. Ellison was the ninth-largest donor during the 2021-’22 election cycle though last September, according to a MarketWatch analysis of Federal Election Commission data.Other major donors to the super PAC in the 2022 election cycle include Sherman Financial Group CEO Benjamin Navarro, Citadel CEO Ken Griffin, New Balance owner and Chairman James S. Davis, and Apollo Global Management APO, +3.37% CEO Marc Rowan, according to OpenSecrets.
Ellison has a net worth of about $114 billion, according to the Bloomberg Billionaire’s Index, up about $22 billion over the past year.
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