The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← Larry Ellison

Capital · available

~$160B — kestrel board.yaml deployable anchor (42.9% Oracle founder-control + pledge capacity, directs Oracle AI capex); against a reported net worth of $201-203B (Forbes, early 2026). Deployable sits below headline NW because much of Ellison's wealth is concentrated, leveraged Oracle equity (Oracle itself carries $156B debt, D/E ~3.6x) rather than freely pledgeable liquid capital.

med confidence · as of 2026-07-26 · about Larry Ellison

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