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Mega-billionaire Larry Ellison is making a killing from a $1 billion Tesla bet he made in 2018 (TSLA)

Mega-billionaire Larry Ellison is making a killing from a $1 billion Tesla bet he made in 2018 (TSLA)
Justin Sullivan / Staff / Getty Images



Oracle chairman Larry Ellison purchased 3 million Tesla shares for roughly $1 billion before he joined the automaker's board in December 2018, according to Bloomberg.




Today, that stake is worth $1.6 billion following Tesla's recent rally.




Tesla has netted other investors big gains. Baillie Gifford's decision not to lower its Tesla stake meant clients had made profits on paper of $5 billion, The Times of London reported Monday.




Watch Tesla trade live on Markets Insider.




Larry Ellison's big bet on Tesla is starting to pay off.
Ellison, the chairman and founder of Oracle, purchased 3 million Tesla shares for roughly $1 billion before he joined the automaker's board in December 2018, according to Bloomberg.
Today, that stake is worth more than $1.6 billion, Bloomberg reported, after Tesla's epic rebound and a rally that's sent shares up as much as 25% in 2020 alone.
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