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Larry Ellison Overview
Larry Ellison is an American entrepreneur, philanthropist, and co-founder of Oracle Corporation. He is known for his charismatic personality, innovative business strategies, and immense wealth. This article provides a comprehensive overview of Larry Ellison’s life, including his early years, education, career, start-up ventures, business accomplishments, personal life, and philanthropic endeavours.
Larry Ellison Wiki
Lawrence Joseph Ellison, also known as Larry Ellison, is the co-founder, executive chairman, chief technology officer (CTO), and former CEO of the American computer technology business Oracle business. Larry Ellison was born on August 17, 1944, in the United States. According to the Bloomberg Billionaires Index, he has a net worth of $91 billion as of November 2022, making him the ninth richest person in the world. Furthermore, one of Larry Ellison’s other well-known properties is Lanai, the sixth-largest island in the Hawaiian archipelago. He owns 98% of the company.
Having only one Jewish mother, Larry Ellison was born in New York.
His biological father was an Italian-American pilot who was a member of the United States Army Air Corps. When Ellison was nine months old, his mother gave him up to his aunt and uncle for adoption due to pneumonia. He finally got to meet his biological mother when he was 48 years old.
Ellison moved to the South Shore of Chicago, which at the time was a middle-class neighbourhood. He remembers his adoptive mother as being kind and kind, in contrast to his gruff, unhelpful, and usually distant adoptive father, who selected the name Ellison in commemoration of the place where he entered the United States, Ellis Island. A federal employee named Louis Ellison built up a small fortune in Chicago.
Larry Ellison Personal Details
|Full Name||Lawrence Joseph Ellison|
|Date of Birth||August 17, 1944|
|Age||28 Years (as in 2023)|
|Place of Birth||The Bronx, New York, United States|
|Hometown||The Bronx, New York, United States|
|Current Address||Palm Beach, Florida|
|Hobbies||Extreme Sports such as Car Racing, Yacht Racing|
Larry Ellison Education Qualification
|School||Eugene Field Elementary School Park RidgeSouth Shore High School|
|College/University||University of Illinois, University of Chicago|
|Educational Qualification||University of Illinois, Urbana-Champaign (No Degree)|
Larry Ellison Body Preference and Measurement
|Height (Approx.)||6 Feet 3 Inch|
|Weight (Approx.)||85 KG|
|Hair Colour||Brown Dark|
|Eye Colour||Brown Dark|
Larry Ellison Family
|Father Name||Louis Ellison|
|Mother Name||Lillian Ellison|
Larry Ellison Marital Status | Relationship | Girlfriend | Affairs
|Wife||Adda Quinn (1967-74)Nancy Wheeler Jenkins (1977-78)Barbara Boothe (1983-86)Melanie Craft (2003-10)|
Larry Ellison Profession | Career
Larry Ellison is best known for his exceptional career as a technology entrepreneur and business magnate. As the co-founder and former CEO of Oracle Corporation, Ellison has made significant contributions to the field of database management systems and enterprise software applications. His innovative approach, strategic acquisitions, and visionary leadership have established him as one of the most influential figures in the technology industry.
Ellison’s career began to take shape in the late 1970s when he co-founded Software Development Laboratories (SDL) with Bob Miner and Ed Oates. The company, later renamed Relational Software Inc. (RSI) and eventually Oracle Corporation, focused on developing and selling a relational database management system (RDBMS). Under Ellison’s guidance, Oracle became a pioneer in the field, revolutionising the way businesses store, retrieve, and manage vast amounts of data.
As the CEO of Oracle, Ellison played a pivotal role in the company’s growth and success. He employed a bold and aggressive business strategy, which included strategic acquisitions of other technology companies. Notable acquisitions made under Ellison’s leadership include PeopleSoft, Siebel Systems, Sun Microsystems, and BEA Systems. These acquisitions helped Oracle expand its product portfolio and establish a stronger presence in the industry.
Ellison’s vision extended beyond traditional database management systems. He recognized the potential of cloud computing early on and positioned Oracle as a leading provider of cloud services. The introduction of Oracle Cloud Infrastructure and other cloud-based solutions has enabled businesses to leverage the power of cloud computing for their operations.
In addition to his role at Oracle, Ellison has served on the board of directors for various companies, including Tesla, Salesforce, and NetSuite. His involvement in these companies demonstrates his ability to identify promising ventures and provide strategic guidance.
Throughout his career, Ellison has been known for his competitive nature and determination to succeed. He has been willing to take risks and challenge conventional wisdom, which has led to both triumphs and setbacks. Nevertheless, Ellison’s relentless drive and resilience have been integral to his success in the highly competitive technology industry.
Beyond his business ventures, Ellison has also made significant contributions to the sports world, particularly in the realm of sailing. He has been involved in competitive sailing for many years and sponsored the Oracle Team USA in the America’s Cup, a prestigious yachting race. Ellison’s passion for sailing reflects his adventurous spirit and willingness to explore diverse interests.
In summary, Larry Ellison’s career as a technology entrepreneur and business magnate has been characterised by his visionary leadership, strategic acquisitions, and relentless pursuit of innovation. As the co-founder of Oracle Corporation, he has transformed the way businesses handle data and established himself as a key figure in the technology industry. Ellison’s influence extends beyond Oracle, as he has been actively involved in other companies and has made significant contributions to the field of sailing. His remarkable career serves as an inspiration to aspiring entrepreneurs and highlights the importance of boldness, perseverance, and a forward-thinking mindset in achieving success.
Why is Larry Ellison famous?
Overall, Larry Ellison is famous for his co-founding of Oracle Corporation, his contributions to database technology, strategic acquisitions, business acumen, immense wealth, philanthropic efforts, and involvement in competitive sailing. His multifaceted achievements and impact in both the business and sports worlds have solidified his fame and influence.
Co-founder of Oracle Corporation
Ellison is renowned as the co-founder of Oracle Corporation, one of the world’s largest and most successful technology companies. Oracle specialises in developing and selling database management systems, cloud computing services, and business software applications. Ellison’s instrumental role in establishing Oracle and shaping its growth has earned him widespread recognition.
Innovation in Database Technology
Ellison’s visionary ideas and innovative approach to database management systems revolutionised the industry. He played a key role in developing and popularising the concept of a relational database, which allows businesses to store, retrieve, and manage vast amounts of structured data efficiently. Oracle’s flagship product, the Oracle Database, has become an industry standard and is widely used across businesses worldwide.
Ellison’s strategic acquisitions have been instrumental in expanding Oracle’s product portfolio and market dominance. Through acquisitions such as PeopleSoft, Siebel Systems, Sun Microsystems, and BEA Systems, Ellison strengthened Oracle’s position as a leading provider of enterprise software solutions. These acquisitions allowed Oracle to offer a comprehensive suite of products and services to its customers.
Business Acumen and Wealth
Ellison’s business acumen and success have resulted in immense wealth, making him one of the wealthiest individuals globally. His strategic decision-making, aggressive marketing campaigns, and ability to identify lucrative business opportunities have contributed to Oracle’s financial success. Ellison’s entrepreneurial mindset and investments in various companies, including Tesla and Salesforce, have further solidified his reputation as a savvy investor and business leader.
Philanthropy and Giving Pledge
Ellison’s philanthropic endeavours have gained attention and admiration. He has made substantial contributions to medical research, education, and various charitable causes. Ellison joined The Giving Pledge, pledging to donate the majority of his wealth to philanthropy. His commitment to social responsibility and inspiring other billionaires to do the same has made a significant impact on philanthropic efforts worldwide.
Competitive Sailing and Sports Sponsorship
Ellison’s passion for competitive sailing has brought him recognition beyond the technology industry. He sponsored the Oracle Team USA in the America’s Cup, a prestigious yachting race, and played an active role in promoting and advancing the sport. His involvement in sailing showcases his diverse interests and adventurous spirit.
Larry Ellison Oracle and Beyond
Ellison’s journey began in 1977 when he co-founded Software Development Laboratories (SDL), which later became Oracle Corporation. Ellison’s vision was to develop a relational database management system (RDBMS), and under his leadership, Oracle thrived. The Oracle Database, the company’s flagship product, revolutionised the way businesses handled data storage, retrieval, and management.
Ellison’s strategic acquisitions were key to Oracle’s growth. Notable acquisitions included PeopleSoft, Siebel Systems, Sun Microsystems, and BEA Systems. These acquisitions broadened Oracle’s product offerings and market reach, solidifying its position as a leader in enterprise software solutions. Ellison’s business acumen and innovative approach helped Oracle expand into cloud computing services, enabling businesses to leverage the power of the cloud for their operations.
While Oracle remains at the core of Ellison’s legacy, his influence extends to other companies and ventures. He has served on the board of directors for notable organisations, including Tesla, the electric vehicle manufacturer, and Salesforce, a leading customer relationship management (CRM) company. His involvement in these companies showcases his interest in diverse industries and his ability to identify promising opportunities.
Ellison’s passion for competitive sailing has also garnered attention. He sponsored the Oracle Team USA, which competed in the America’s Cup, one of the most prestigious yachting races in the world. His dedication to sailing and his sponsorship of the team demonstrated his commitment to sports and adventure outside the realm of technology.
Larry Ellison Early Life and Education
Larry Ellison, born on August 17, 1944, in New York City, had a fascinating early life marked by challenges and a passion for technology. Ellison’s journey began with humble beginnings and his pursuit of knowledge and innovation.
Ellison was born to an unwed Jewish mother, Florence Spellman, who gave him up for adoption shortly after his birth. He was adopted by his aunt and uncle, Lillian and Louis Ellison, and raised in a modest apartment in Chicago. Growing up, Ellison showed a keen interest in computers and technology, which would shape his future endeavours.
Ellison attended Eugene Field Elementary School and later South Shore High School in Chicago. During his high school years, he demonstrated exceptional aptitude in mathematics and science. However, due to financial constraints, he faced challenges in pursuing higher education immediately after completing high school.
In 1962, at the age of 18, Ellison enrolled at the University of Illinois at Urbana-Champaign. He chose to study physics and mathematics, driven by his passion for scientific exploration and problem-solving. However, Ellison’s academic journey was interrupted when he faced financial difficulties and made the difficult decision to drop out of college before completing his degree.
Despite not obtaining a formal degree, Ellison’s innate curiosity and determination to learn continued to drive him. He moved to California in the late 1960s, where he embarked on a path of self-education and self-discovery. Ellison immersed himself in computer programming and gained practical experience by working various odd jobs related to technology, including computer programming and database design.
Ellison’s self-education and hands-on experience in the technology field laid the foundation for his future success. He delved into the emerging world of computer technology, honing his skills and expanding his knowledge through practical application.
While Ellison’s formal education was incomplete, his relentless pursuit of knowledge and his innate talent in technology propelled him forward. His early experiences, coupled with his unwavering determination, would eventually lead him to co-found Oracle Corporation and revolutionise the technology industry.
Larry Ellison’s early life and education exemplify the importance of passion, perseverance, and continuous learning. Despite facing challenges and not obtaining a college degree, Ellison’s innate curiosity and dedication to mastering his craft propelled him to become one of the most influential figures in the world of technology.
Larry Ellison Personal Life
Larry Ellison’s personal life has been the subject of media attention throughout his career. Known for his charismatic personality and lavish lifestyle, Ellison has been associated with numerous high-profile relationships. He has been married and divorced multiple times, including marriages to Adda Quinn, Nancy Wheeler Jenkins, Barbara Boothe, and Melanie Craft. Ellison has two children from his previous marriages, David and Megan Ellison.
Ellison is an avid sports enthusiast and has a deep interest in sailing. He has been involved in competitive sailing and even sponsored the Oracle Team USA in the America’s Cup, a prestigious yachting race. Ellison’s passion for sailing led him
Larry Ellison Philanthropy and Advocacy
Larry Ellison, the co-founder of Oracle Corporation, is not only known for his business acumen but also for his significant philanthropic efforts and advocacy work. Throughout his career, Ellison has demonstrated a commitment to giving back to society and addressing important social issues. His philanthropy spans various areas, including medical research, education, and environmental conservation.
One of Ellison’s notable philanthropic initiatives is the Ellison Medical Foundation, which he established in 1992. The foundation focuses on supporting research in ageing and global infectious diseases. Through grants and funding, the Ellison Medical Foundation has contributed to advancements in medical knowledge and the development of treatments for various health conditions.
Education is another key area of Ellison’s philanthropy. He has made substantial donations to educational institutions, including the University of Southern California, Harvard University, and the University of California, Berkeley. Ellison’s contributions have supported research, scholarships, and the improvement of educational facilities, providing opportunities for students and enhancing the quality of education.
In addition to his financial contributions, Ellison has also been actively involved in advocating for educational initiatives. He has expressed his views on the importance of transforming education through technology, advocating for the integration of technology in classrooms and the use of personalised learning approaches. Ellison believes that technology can revolutionise education and improve access to quality learning opportunities for students worldwide.
Environmental conservation is another cause close to Ellison’s heart. He has made donations to conservation organisations and has been involved in initiatives aimed at protecting and preserving the environment. For instance, Ellison has supported the protection of marine ecosystems and funded research projects focused on understanding and addressing environmental challenges.
Ellison’s philanthropy extends beyond monetary donations. In 2010, he joined The Giving Pledge, a commitment by billionaires to donate the majority of their wealth to charitable causes. Ellison pledged to give away at least 95% of his fortune throughout his lifetime, showcasing his dedication to philanthropy and inspiring others to contribute to meaningful causes.
Larry Ellison Expansion and Diversification of Oracle
Larry Ellison’s tenure at Oracle Corporation was marked by a strategic focus on expansion and diversification, both within the company and through his involvement in other business ventures. Ellison’s visionary leadership and bold acquisitions played a significant role in broadening Oracle’s product offerings and market reach, while his involvement in various industries showcased his diverse interests and entrepreneurial spirit.
Expansion Within Oracle Corporation
Under Ellison’s guidance, Oracle Corporation experienced substantial growth and expanded its portfolio of enterprise software solutions. In addition to its flagship product, the Oracle Database, the company developed and acquired a range of applications and technologies to meet evolving customer needs.
One significant area of expansion was in cloud computing services. Ellison recognized the potential of cloud technology early on and positioned Oracle as a leading provider of cloud solutions. The company introduced Oracle Cloud Infrastructure, a comprehensive cloud platform, and expanded its suite of Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS) offerings. This strategic move allowed Oracle to compete with other major players in the cloud computing market.
Furthermore, Oracle’s acquisitions played a vital role in its expansion strategy. Ellison led the company in strategic acquisitions, such as PeopleSoft, Siebel Systems, and Sun Microsystems, which not only bolstered Oracle’s product portfolio but also solidified its position as a dominant force in the enterprise software industry. These acquisitions allowed Oracle to offer a wide range of applications and technologies, from customer relationship management (CRM) and human capital management (HCM) to hardware and server systems.
Diversification beyond Oracle
Beyond Oracle, Ellison demonstrated his entrepreneurial spirit through involvement in other business ventures. One notable example is his affiliation with Tesla, the electric vehicle manufacturer. Ellison joined Tesla’s board of directors in 2018, bringing his expertise in technology and business strategy to the company. His involvement with Tesla reflected his interest in cutting-edge technologies and sustainable transportation solutions.
Another prominent venture was his association with Salesforce, a leading CRM company. Ellison served on Salesforce’s board of directors, forging a strategic partnership between the two companies. This collaboration aimed to provide joint solutions and leverage each other’s strengths in the enterprise software market.
Furthermore, Ellison’s interest in competitive sailing led him to sponsor the Oracle Team USA in the America’s Cup, a prestigious yachting race. His involvement in the sport showcased his diverse interests and supported his passion for adventure outside the realm of technology.
Larry Ellison Businesses | Start Up
Before diving into the businesses associated with Larry Ellison, it’s worth taking a moment to consider his background and achievements. Born in Seattle, Washington in 1955, Gates developed an early interest in computer programming, and went on to co-found Microsoft in 1975 with his childhood friend Paul Allen. Under Gates’ leadership, Microsoft grew rapidly, becoming one of the world’s most valuable companies and cementing Gates’ reputation as a tech visionary. Since stepping down from Microsoft’s board in 2020, Gates has focused on his philanthropic work, through the Bill and Melinda Gates Foundation.
It’s impossible to discuss Larry Ellison’ businesses without starting with Microsoft, the company that made him a household name. Founded in the mid-1970s, Microsoft’s early years were marked by a relentless focus on software development, including the creation of the iconic Windows operating system. By the 1990s, Microsoft had become the world’s dominant software company, thanks in part to Gates’ leadership and business acumen. Today, Microsoft remains a key player in the tech industry, with a market cap of over $2 trillion.
While Microsoft might be Gates’ most famous business venture, it’s not his only successful investment. Cascade Investment, a private investment firm founded by Gates in 1995, manages Gates’ vast wealth, which is estimated to be around $130 billion. Through Cascade, Gates has invested in a wide range of companies, including Canadian National Railway, Republic Services, and Berkshire Hathaway. These investments have helped to diversify Gates’ portfolio and ensure his continued financial success.
Larry Ellison Net Worth
|Net Worth (As per 2023)||8800 Crores In Indian Currency Approximately (Around $108 Billion USD)|
Larry Ellison Social Media Handle
|Youtube Channel||Update Soon|
Controversies Surrounding Larry Ellison
Ellison’s compensation as the CEO of Oracle has been a subject of scrutiny and controversy. He has been one of the highest-paid executives in the world, often receiving substantial compensation packages, including salary, bonuses, stock options, and other incentives. Critics argue that his compensation is excessive, especially considering the disparity between executive pay and the average employee’s salary.
In the late 1990s, Oracle faced an antitrust lawsuit filed by the U.S. Department of Justice. The lawsuit alleged that Oracle engaged in anti-competitive practices by attempting to acquire PeopleSoft, one of its competitors. The legal battle lasted for several years, with Oracle ultimately winning the case. Nevertheless, the lawsuit raised concerns about Oracle’s business practices and its impact on competition in the enterprise software market.
Allegations of Insider Trading
In 2001, Ellison faced accusations of insider trading related to his stock sales. The Securities and Exchange Commission (SEC) initiated an investigation into his stock trading activities, alleging that he had profited from insider information. However, Ellison maintained his innocence, and the investigation concluded without any charges being filed against him.
Treatment of Employees
There have been allegations and criticisms regarding Oracle’s work culture and treatment of employees. Some former employees have claimed that the company fostered a high-pressure and competitive environment, where long working hours and intense demands were the norm. Additionally, concerns have been raised about Oracle’s treatment of women and lack of diversity in its workforce.
Support for Controversial Political Figures
Ellison has faced criticism for his political affiliations and support for controversial political figures. In the past, he has publicly expressed support for politicians and causes that have sparked controversy and divided public opinion. These affiliations have led to backlash from individuals and organisations with opposing views.
Larry Ellison Facts
- Larry Ellison, full name Lawrence Joseph Ellison, is an American business magnate and philanthropist.
- America’s New York City is where Larry Ellison was born on August 17, 1944.
- Ellison is best known as the co-founder, former CEO, and chairman of Oracle Corporation, one of the world’s largest software companies.
- He co-founded Oracle in 1977 with Bob Miner and Ed Oates. Initially, the company focused on developing and marketing a relational database management system (RDBMS) called Oracle Database.
- Under Ellison’s leadership, Oracle became a major player in the technology industry, providing enterprise software solutions, cloud services, and hardware products.
- Ellison served as the CEO of Oracle from its founding until September 2014 when he stepped down. However, he remained actively involved with the company as its chairman and chief technology officer (CTO).
- Known for his flamboyant personality and charismatic leadership style, Ellison has been a prominent figure in the business world for several decades.
- Ellison is known for his competitive spirit and has often been involved in high-profile business rivalries. Notably, he has clashed with other technology giants, including Microsoft’s Bill Gates and IBM.
- In addition to his business endeavours, Ellison is also known for his passion for sailing. He has funded and competed in several international sailing competitions, including the America’s Cup.
- As a philanthropist, Ellison has pledged to donate a significant portion of his wealth to various charitable causes. He established the Ellison Medical Foundation to support biomedical research and has made substantial donations to educational institutions and organisations focused on environmental conservation.
- According to Forbes, as of 2021, Larry Ellison has consistently ranked among the wealthiest individuals in the world. He has amassed a considerable fortune through his entrepreneurial success, with a net worth exceeding tens of billions of dollars.
- Larry Ellison was adopted by his aunt and uncle when he was just nine months old. His adoptive father was an Italian-American immigrant who worked as a pilot.
- Ellison dropped out of college twice. He attended the University of Illinois at Urbana-Champaign and the University of Chicago but left both institutions before completing his degree.
- Before co-founding Oracle, Ellison worked for several technology companies, including Ampex Corporation, where he was involved in the development of a database for the CIA.
- Ellison’s leadership at Oracle was characterised by his focus on innovation and aggressive business strategies. He spearheaded the acquisition of numerous companies to expand Oracle’s product portfolio and market presence.
- In 2010, Ellison purchased the majority of the Hawaiian island of Lanai, making him the owner of nearly 98% of its land. He has since invested in the island’s infrastructure and tourism industry.
- Ellison has been an influential figure in the development of cloud computing. Under his guidance, Oracle transitioned from primarily selling software licences to providing cloud-based solutions and services.
- Known for his extravagant lifestyle, Ellison has a keen interest in luxury real estate and has owned multiple lavish properties, including mansions in California, a mansion in Japan, and a mansion in Rhode Island.
- Ellison is a licensed pilot and has a fascination with aviation. He owns a private jet company called “Air Lanai” and has participated in various air races.
- In 2014, Ellison stepped down as CEO of Oracle and handed over the role to his long-time colleagues, Safra Catz and Mark Hurd. However, following Hurd’s passing in 2019, Ellison took on a more active role in the company’s operations.
- Ellison is known for his outspoken and sometimes controversial statements. He has made bold predictions about the future of technology and has been critical of competitors and industry trends.
- Larry Ellison is an avid collector of luxury automobiles. He has a notable collection that includes rare and high-performance cars, such as a McLaren F1 sports car and an Audi R8.
- Ellison is a fan of Japanese culture and has practised martial arts, particularly Aikido, for many years. He has even achieved a black belt in the discipline.
- Ellison has been recognized for his contributions to the technology industry and received numerous awards and accolades. In 2019, he was inducted into the National Inventors Hall of Fame for his pioneering work on Oracle’s database technology.
- As an art enthusiast, Ellison has amassed an extensive art collection. His collection includes works by renowned artists like Pablo Picasso, Andy Warhol, and Georgia O’Keeffe.
- Ellison has a passion for competitive yachting and has funded the Oracle Team USA, which successfully defended the America’s Cup in 2010 and 2013.
- In 2010, Ellison joined “The Giving Pledge,” an initiative started by Bill Gates and Warren Buffett, in which billionaires commit to giving away the majority of their wealth to charitable causes.
- Ellison has made significant contributions to medical research. In 2016, he pledged $200 million to establish the Lawrence Ellison Institute for Transformative Medicine at the University of Southern California.
- Ellison is known for his interest in space exploration. He co-founded a company called Planetary Resources, which aimed to mine asteroids for valuable resources.
- Despite his immense success, Ellison has faced criticism for his aggressive business tactics and occasionally controversial public statements.
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Larry Ellison is a true icon of the tech industry, whose contributions have helped to shape the modern world as we know it. His work at Microsoft revolutionised the personal computer industry, and his philanthropic efforts have made a positive impact on millions of people around the world. Despite the controversies and challenges he has faced, Gates remains a respected and influential figure, whose legacy will continue to be felt for years to come.