Larry Ellison is an American business magnate and co-founder of Oracle Corporation, a leading software and technology company, today we look at his net worth.
|NET WORTH: $147.5 BILLION
|Billionaire or Millionaire?
|Source of Wealth:
|Country of Origin:
|17th August 1944
LARRY ELLISON EARLY LIFE
Larry Ellison, born on August 17, 1944, is a name synonymous with innovation, tenacity, and success in the realm of technology.
Ellison attended the University of Illinois at Urbana-Champaign for two years but eventually dropped out.
He then moved to the University of Chicago, where he also dropped out after a year.
Ellison’s career began with a bold vision. In 1977, he, along with two partners, founded a company called Software Development Laboratories.
The company aimed to develop a relational database management system, a groundbreaking concept at the time.
As of 2023, Larry Ellison’s net worth was estimated to be around $147 billion, making him one of the wealthiest individuals globally.
He owns a large property empire and has purchased multiple properties in Malibu and California with one of his notable acquisitions is the Carbon Beach property, often referred to as “Billionaires’ Beach.”
Ellison owns a vast estate called Porcupine Creek in Rancho Mirage, California. This property includes a golf course and luxurious amenities.
In 2012, Ellison acquired 98% of the Hawaiian island of Lanai, making him the owner of one of the largest privately-owned islands in the world.
His extensive ownership on Lanai includes resorts, housing, and vast expanses of land.
Ellison owns a historic garden property in Kyoto, Japan, called the Garden of Eden. This property has historical significance and includes traditional Japanese gardens.
Ellison has a substantial mansion in Woodside, California, known for its opulent features and extensive grounds and also owns Musashi is a motor yacht built in 2011, the 79th largest yacht in the world.
LARRY ELLISON CAREER
Renaming the company to Oracle in 1982, Ellison’s focus on creating a relational database product capable of handling large volumes of data laid the foundation for Oracle’s future success.
One of Ellison’s key strategies was to build a vertically integrated company, producing both hardware and software.
Oracle became a leader in the database industry, with its flagship product, the Oracle Database, setting new standards for reliability and performance.
Ellison’s competitive spirit and commitment to innovation helped Oracle weather industry challenges and emerge as a dominant force in the enterprise software market.
Under Ellison’s leadership, Oracle expanded its product offerings through strategic acquisitions. Notable acquisitions included PeopleSoft, Siebel Systems, and Sun Microsystems.
These moves positioned Oracle as a comprehensive provider of business software and hardware solutions.
Ellison’s appetite for competition extended beyond the business realm. A renowned yachtsman, he pursued his passion for sailing by founding the Oracle Team USA.
Under his guidance, the team achieved multiple victories in the America’s Cup, showcasing Ellison’s determination and leadership outside the tech boardroom.
Larry Ellison has been married multiple times and has two children, Megan Ellison and David Ellison, with his ex-wife Barbara Boothe.
Both Megan and David have made names for themselves in their respective fields.
- When you innovate, you’ve got to be prepared for everyone telling you you’re nuts.
- I have had all of the disadvantages required for success.
- Taking care of your employees is extremely important and very, very visible.
LARRY ELLISON SUMMARY
Despite controversies and legal battles, Ellison’s legacy is undeniably one of triumph and influence.
He stepped down as Oracle’s CEO in 2014 but continued to contribute as the company’s Chief Technology Officer.
Ellison’s impact on the tech industry is immeasurable, and his journey from a vision of a relational database to shaping one of the world’s largest software companies reflects the resilience and vision that define his illustrious career.
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