Larry Ellison is an American Entrepreneur, Investor, and Philanthropist. He is the Co-founder, Executive Chairman and Chief Technology Officer (CTO) of Oracle Corporation, an American multinational computer technology corporation. In November 2016, he bought NetSuite for $9.3 billion and owns 35% of the company's interests. Forbes magazine listed him as the fourth-wealthiest person in the U.S and as the sixth-wealthiest person in the world, as of October 2019 with a net worth of $69.1 billion. His net worth increased from $54.5 billion in 2018 to $69.1 billion in 2019.
Larry Ellison- Biography
|Name||Lawrence Joseph Ellison|
|Born||17 August, 1944|
|Birthplace||New York City, U.S.|
|Education||University of Illinois; University of Chicago|
|Profession||Entrepreneur, Investor, Philanthropist|
|Position||Co-founder, Executive Chairman and CTO of Oracle Corporation|
|Net worth||$75.3 billion (November 2020)|
|Spouse||Adda Quinn (1967-1974); Nancy Wheeler (1977-1978); Barbara Boothe (1983-1986); Melanie Craft (2003-2010)|
Larry Ellison- Personal Life
Larry was born to a Jewish maiden. His biological father was an Italian-American United States Army Air Corps pilot. Larry corrugated a pneumonia at the age of nine months and his mother gave him to her aunt and uncle for adoption.
He moved to Chicago South Shore and his adoptive mother was warm and loving in contradiction to his distant adoptive father. At age 22, he moved to Berkeley, California in 1966. He has been married and divorced four times.
Larry Ellison- Education
Larry completed his elementary studies from South Shore High School in Chicago. He was later enrolled as a premed student from the University of Illinois at Urban-Champaign. He was entitled science student of the year at Illinois.
He withdrew from the University without appearing for final exams as his adoptive mother has just died. He was then admitted in the University of Chicago for one term to study physics and mathematics. He did not appear for any exams at Chicago and first encountered computer design.
Larry Ellison- Professional Life
Larry initially worked at Ampex in the early 1970s, he was highly influenced by Edgar F. Codd's research on relational database design. This was the design that led in 1977 to the establishment of what became Oracle. He initially named the firm as the Software Development Laboratories (SDL) with two partners. He established the company with a personal investment of $1,200 of the total $2,000.
The company was renamed in 1979 as Relational Software Inc. and in 1983, it officially became Oracle Systems Corporation after his flagship project named Oracle Database. In December 2018, he became a Director on the board of Tesla, Inc. after buying 3 million shares in 2017.
Larry Ellison- Co-founder & CTO at Oracle
Larry co-founded Oracle Corporation with Bob Miner and Oates. The company was founded on 16 June, 1977 and is headquartered in Austin, Texas, United States. Larry is the Executive Chairman and CTO of Oracle Corporation.
It is an American multinational computer technology corporation that sells database software and technology, cloud engineered systems and enterprise software products. In 2019, Oracle was the second-largest software company on the basis of revenue and market capitalization.
It also provides tools for database development and systems of middle-tier software, enterprise resource planning (ERP) software, Human Capital Management (HCM) software, customer management (CRM) software, and supply chain management (SCM) software.
Larry Ellison- Philanthropist
Larry donated $5 million to seed the Lawrence J. Ellison Musculo-Skeletal Research Center. The following year the health care center opened another medical center with the seed amount. He further donated $100 million to his own charitable foundation.
In 2004, Forbes' list of charitable donations made by the wealthiest 400 Americans stated Larry had donated $151,092,103, about 1% of his estimated personal wealth. In 2007, he donated $500,000 to reinforce a community centre in Sderot, Israel after discovering that the building was not fortified against rocket attacks.
In August 2010, it has been reported Larry as one of the 40 billionaires who had signed "The Giving Pledge" campaign, pledging to contribute majority of his wealth for philanthropic causes. In May 2016, he donated $200 million to the University of Southern California for launching a cancer research center.
Larry Ellison- Other interests
He played a brief cameo appearance in the 2010 movie Iron Man 2. He is a licensed pilot and has owned several aircraft. He owns at least two military jets, a training aircraft designed in Italy and a decommissioned one, which the US government has refused him permission to import. He also owns the Indian Wells Tennis Garden located in California and the Indian Wells Masters tournament.
Moreover, he ended his ownership of the 12th largest yacht in the world, called Rising Sun. He also competes in yachting through his Oracle Team USA. He founded BMW Oracle Racing to compete for the 2003 Louis Vuitton Cup. In 2002, his Oracle team introduced kite yachting into the American Cup environment.