By Faith Barbara N Ruhinda & Dr. Kivumbi Earnest Benjamin, L.H.D (Hon.) at 1257 EAT on Tuesday 19 May 2026

In August, Larry Ellison joined forces with his son, David Ellison, to help steer the merger of Paramount Global and David’s Skydance Media. Now, the father-and-son duo are pursuing an even larger deal, after Warner Bros. Discovery reportedly accepted Paramount’s $111 billion offer to acquire the media giant.

If approved by regulators, the transaction would rank among the largest media mergers in history and give the Ellison family unprecedented influence over the American entertainment landscape. The combined empire would place CBS and CNN under one corporate structure, merge streaming platforms HBO Max and Paramount+, and bring Warner Bros. and Paramount Pictures under the same ownership umbrella.

The deal would add to the vast business empire already controlled by the elder Ellison—Oracle co-founder, executive chairman and chief technology officer, and a prominent figure in Silicon Valley and U.S. business circles.

A longtime California resident, Ellison told Oracle employees in 2020 that he had moved full-time to his Hawaiian island of Lanai, which is now valued at more than $1 billion. He has since officially changed his residency to Manalapan, Florida, a coastal town roughly a 20-minute drive from President Donald Trump’s Mar-a-Lago estate.

Despite increasing attention on his high-profile dealmaking and political proximity to Trump, Ellison’s wealth remains heavily tied to Oracle, the software company he co-founded in 1977.

His stake in Oracle is currently valued at more than $170 billion, after accounting for shares pledged as collateral for loans.
Oracle was also part of a consortium that acquired TikTok’s U.S. operations in a deal valuing the platform at $14 billion in January.

In mid-September, Ellison briefly became the second-richest person in the world, with a net worth approaching $400 billion and closing the gap on Elon Musk. The surge was driven by Oracle’s strong revenue projections for its cloud infrastructure business, particularly in artificial intelligence, which sent shares up 36% in a single day.

However, Oracle’s stock has since fallen by more than 50%, as some analysts have raised concerns about a potential AI bubble, profit margins in its cloud infrastructure segment, and the company’s reliance on debt financing and partnerships, including with OpenAI.

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