A business mogul and investor, Larry Ellison cofounded the leading software company Oracle Corporation (Headquartered in Santa Clara, California) in 1977. He was the CEO of Oracle for 37 years from 1977 to 2014. While he relinquished this position long ago, Larry continues to play his role as chief technology officer (CTO) and executive chairman at the company. It is said that his massive success is attributable to the early adoption of the internet. He made products that helped online technologies, which, in turn, contributed to the growth of his own company. People know him for his aggressive strategies, which include the acquisition of rival companies and multi-billion dollar deals, such as Sun Microsystems, BEA, and PeopleSoft.
In Silicon Valley, some people praise him for his achievements and some criticize him for his ruthless style of doing business and expensive lifestyle. A devoted yachtsman, Larry also grabbed media attention for his purchase of a $194 million yacht and an additional spending of $80 million to build a team to win America’s Cup. Besides, he owns one of the largest islands in Hawaii, where the population is a little more than 3000. Although infamous for his consumption, Larry or Lawrence Joseph Ellison is also involved in philanthropic works. He endowed the University of Southern California with a donation of $200 million for a cancer treatment and research center.
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Oracle Competitors | CEO Email Address & Contact
- Amazon Web Services (AWS)
Larry Ellison’s Net Worth & Salary
With a net worth of around $102.3 billion (which may change based on one’s investments and assets’ value), Larry is reckoned to be one of the richest billionaires in the world. A large part of his wealth comes from his own business Oracle, in which he has about 35% stake. He cofounded this company with Bob Miner and Ed Oates in 1977 with a funding of $2,000. He paid $1,200.
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Larry has about 1.6% stake in Elon Musk’s Tesla. He bought 3 million shares in the company in 2018 before joining the board. Since then, the stock price of Elon’s electric vehicle company jumped by 1,200%, growing the value of Ellison’s stake from $1 billion to over $13 billion. As per sources, Oracle’s cofounder is the second largest shareholder in Tesla after Musk. It is also his second largest investment so far.
Furthermore, Larry is also a real estate expert with his portfolio estimated to be around $1 billion. One of his prized possessions includes Lanai Island in Hawaii. He bought this for $300 million in 2012. You need to travel to this place by a small plane or ferry from Maui. Different sources reveal that he uses this site as a laboratory. Many projects related to sustainable energy, wellness, and others are running here. Apart from Lanai, other properties that he owns include an 8,000 square-foot Woodside home, a 10,000 square feet five-bedroom home in San Francisco, a 246-acre estate Porcupine Creek, and several properties in Tahoe and Newport (Rhode Island).
Larry’s Career & Education – Company, University, & College
Many people know that Larry owns the software technology giant Oracle. But only a handful would be aware that he worked at an IT company Amdahl Corporation for a brief period and an electronics company Ampex during 1970s. When he was doing a job at Ampex, Larry learned about computer scientist Edgar F. Codd’s research on relational model for database management for IBM and got inspired to found his company Oracle. In a short time, his venture tasted massive success as a database vendor and earned him a place in the richest people in the world by Forbes. In 1997, Ellison also became a director at Apple Computer when Steve Jobs made a comeback in the company.
Larry Ellison went to Chicago’s South Shore High School and later moved to University of Illinois at Urbana–Champaign. At Illinois, he was declared the science student of the year. However, he couldn’t appear for the final exams due to the death of his adoptive mother. Again in 1966, he enrolled himself for one term at the University of Chicago to study physics and mathematics but he didn’t sit for the exams.
Larry Ellison Wiki – Age, Wife, Family, & More
Founder and CTO at Oracle, Larry was born on August 17, 1944 New York City. He was born out of wedlock to his Jewish mother and Italian-American US Army Air Corps pilot. When he was only 9 months, Larry was infected with pneumonia and adopted by her mother’s aunt and uncle. He met his biological mother at the age of 48. Today, he is 77 years old. He remembers his adoptive mother as loving and warm, while his adoptive father Louis Ellison didn’t support him and was strict too. Louis Ellison dealt in real estate in Chicago and was also a government employee. He lost his wealth during the Great Depression.
Ellison admires Israel for its innovative spirit in the technology field. He also has tremendous interest in yachts and cars. During the financial crisis of 2010, he had to dispense off the 12th largest yacht in the world, namely Rising Sun. It was 138 meters long and consumed about $200 million to construct. Besides, he is a trained pilot and owns many aircraft. Apart from this, he owns a tennis facility and multiple homes. He also appeared in the movie Iron Man in 2010 in a cameo.
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Oracle’s owner Larry is a four-time divorcee. He was married to Adda Quinn (1967 to 1974), Nancy Wheeler Jenkins (1977 to 1978), Barbara Boothe (1983 to 1986), and Melanie Craft (2003 to 2010). He has four children. Currently, he is in a relationship.
Bernard Arnault and his wife are also known for their generous philanthropic contributions. They paid $222 million toward the restoration work of the Notre Dame Cathedral in Paris. The famous Gothic cathedral was devastated by fire on April 15, 2019. They also offered $11 million to combat Amazon wildfires the same year under G7 initiative.