Larry Ellison Biography– Lawrence Joseph Ellison (born August 17, 1944) is an American business entrepreneur and investor who founded Oracle Corporation and served as its co-founder, executive chairman, chief technology officer (CTO), and former CEO.
He is the eighth-wealthiest person in the United States and the eleventh-wealthiest person in the world, according to Bloomberg Billionaires Index, with an estimated fortune of $110 billion, up from $57.3 billion in 2018. He owns 97 percent of Lanai, the 43rd largest island in the United States, which has a population of just over 3200 people.
Larry Ellison was born to an unmarried Jewish mother in New York City. His biological father served in the United States Army Air Corps as an Italian-American pilot. Ellison was given up for adoption by his mother when he caught pneumonia at the age of nine months.
He didn’t see his biological mother until he was 48 years old. Ellison relocated to the South Shore of Chicago, which was then a middle-class neighborhood. In contrast to his austere, unsupportive, and frequently aloof adoptive father, who chose the name Ellison to honor his point of entrance into the United States, Ellis Island, he remembers his adoptive mother as warm and affectionate. Louis Ellison was a federal employee who acquired a little fortune in Chicago real estate before losing it all.
Who is Larry Ellison?
Larry Ellison is an American entrepreneur with a net worth of $110 billion dollars.
He was born in New York City to an unwed Jewish woman and an Italian-American pilot, and his mother gave him up for adoption when he was nine months old after contracting pneumonia.
He has not seen his mother since he was 48 years old. He remained a religious skeptic despite being raised in a Reform Jewish family by his adoptive parents. He even declined to have a bar mitzvah when he was 13 years old.
Ellison attended the University of Illinois in Urbana-Champaign for two years before dropping out. His adoptive mother had recently died, so he didn’t take his final examinations.
He went to New York after spending the summer in Northern California.
Larry Ellison Net Worth: How much does Larry Ellison have?
Larry Ellison is a $110 billion dollar billionaire entrepreneur from the United States. Larry Ellison made his fortune as the founder of Oracle, a software company.
Until September 2014, he also served as CEO. Ellison’s net worth places him in the world’s top 10 wealthiest persons, alongside Jeff Bezos, Bill Gates, Warren Buffett, and Bernard Arnault.
Larry Ellison Career
Software Development Labs was formed in 1977 by Larry Ellison and two of his Amdahl colleagues, Robert Miner and Ed Oates, a career he loved very much. Ellison has been the company’s CEO since the outset. Ellison had stumbled upon a paper by Edgar F. (“Ted”) Codd titled “A Relational Model of Data for Large Shared Data Banks,” which described an idea Codd had created at IBM.
The concept of a Structured Query Language (SQL) was not seen as commercially viable by Codd’s employers, but it was by Larry Ellison. The CIA awarded Larry Ellison and his collaborators a two-year contract to develop a relational database management system (RDBMS).
Oracle is the project’s code name. They completed the project a year ahead of schedule and used the extra time to further enhance their system for commercial use. Oracle was also the name of their commercial RDBMS. The following year, IBM adopted Oracle for its mainframe systems, and Oracle’s sales rose every year for the next seven years. The million-dollar business was growing into a billion-dollar enterprise. For its most popular product, Ellison renamed the company Oracle Corporation.
Larry Ellison Age
Larry Ellison is 77 years old, born August 17, 1944 and he is an American business entrepreneur and investor who founded Oracle Corporation and served as its co-founder, executive chairman, chief technology officer (CTO), and former CEO.
He is the ninth-wealthiest person in the United States and the tenth-wealthiest person in the world, according to Bloomberg Billionaires Index, as of April 2022.
Larry Ellison Wife: Facts about Larry Ellison’s wife, Nikita Kahn
In 1983, Ellison married Barbara Boothe and the couple had two daughters before divorcing in 1986. Representative Tom Lantos and Apple co-founder Steve Jobs were among the guests at the Oracle executive’s wedding to novelist Melanie Craft in 2003. In 2010, Ellison’s marriage to Craft ended in divorce.
Oracle executive Larry Ellison has been in a long-term relationship with Nikita Kahn after several failed marriages. In Malibu, Ellison opened a restaurant named after his girlfriend in 2013. Ellison is a well-known tech billionaire.