Larry Ellison (born Lawrence Joseph Ellison) is an American entrepreneur, businessman, and philanthropist who is the co-founder, CEO, and chief technology officer of Oracle Corporation. Ellison is 76 years old as of 2020, born on August 17, 1944 , in New York City, New York, United States. He celebrates his birthday on August 17 every year and his birth sign is Leo.
Larry was listed by Forbes magazine as the fourth richest person in the United States and the sixth richest in the world, with a fortune of $69.1 billion, compared to $54.5 billion in June 2018.
Ellison stands at a height of 1.91 meters (6 feet 3 inches) and weighs 67 kg. (147 pounds). He also appears to be quite tall in photos of him.
Larry Ellison Biography
The Oracle co-founder was born to his Jewish mother , Florence Spellman , who was unmarried, and an Italian-American father , Louis Ellison who worked as a pilot for the United States Army Air Corps.
As an infant , Ellison contracted pneumonia at nine months old, prompting his mother’s decision to give him up for adoption to his aunt and uncle in Chicago, Lillian Spellman Ellison , and Luis Ellison .
Ellison met his biological mother again when he was 48 years old. He says her adoptive mother was warm and loving compared to her stern, unsympathetic and often distant adoptive father.
He adopted the name Ellison in honor of his point of entry into the United States, Ellis Island. he was a government employee who had made a small fortune in Chicago real estate, only to lose it during the Great Depression.
Ellison studied at the University of Illinois at Urbana-Champaign and the University of Chicago without graduating before moving to California in 1966. He dropped out of the University of Illinois after his sophomore year, skipping his final exams because his adoptive mother had just passed away.
It was at the University of Chicago that he first encountered computer design after attending for a term. While working at Ampex in the early 1970s, he was influenced by Edgar F. Codd’s research on relational database design, which led to the formation of what became Oracle in 1977.
It became a successful provider of databases for low- and mid-range systems, competing with Sybase and Microsoft SQL Server. This influenced his inclusion in the list of the richest men in the world.
He has since signed Bill Gates and Warren Buffett ‘s The Giving Pledge and donated up to 1% of his wealth to charity.
He has also had success sailing through Oracle Team USA in addition to his work at Oracle. Ellison is also a licensed aircraft pilot who owns two military aircraft.
Larry Ellison Religion
He was raised in a Jewish home, although he remains a religious skeptic. He says, “Well, I guess I’m religious in a sense, the particular dogmas of Judaism are not dogmas that I subscribe to.
Larry Ellison Career
Ellison was hired at a small company called Ampex, where he met his future partners at Oracle. As colleagues, Ellison, Edward Oates and Robert Miner, had the opportunity to work on a database program for the CIA (Central Intelligence Agency) and, upon completion, they called it Oracle.
Theirs was a program that made retrieving and managing data a lot easier, in addition to what other database programs were good at, which is storing a lot of information.
It was a big step forward at the time. Larry, however, later left Ampex, but the former colleagues remained friends and always kept in touch.
He became vice president of Precision Instruments Co., also a small company. When he needed a company to create software programs for them, Ellison had the bright idea of starting his own business to serve the needs of Precision Instruments.
He talked to Oates and Miner and convinced them to join forces and found a company. Therefore, in 1977, they created Software Development Laboratories and created different programs for Precision Instruments.
Ellison took 60% of the company’s profits, since the idea for the company was his, while his partners took 20% each. Later they called the company Oracle, after their CIA program.
Later, IBM released a relational database program, which was mind-boggling at the time. Ellison read the article on relational database systems and understood that they, too, could create similar programs and sell them not just to Precision Instruments but to anyone.
The three of them managed to figure out how to create their own similar software, using the IBM document, and named it Oracle. CIA was his client again, the first outside of Precision Instruments.
A problem arose when their customers used different brands of computers, so different versions of Oracle were needed, one for each type of computer. Again they realized that they could create a version that would work on any computer to achieve success.
Sure they did and their sales plummeted, but once Oracle became a multibillion-dollar company, Ellison didn’t know how to run such a large business.
By 1990, the company had huge debts that led to its stock price plummeting and angry investors suing Oracle. The board even suggested that Ellison leave, but he had his overcoming challenges mentality.
He sought the help of professionals and with his great effort he managed to get the company back to what it is today.
Larry Ellison Iron Man
In 2010, Ellison made a brief cameo appearance in the film Iron Man 2.
Larry Ellison Philanthropy
In 1992, he made a $5 million donation to seed the Lawrence J. Ellison Musculoskeletal Research Center after being impressed by the care of Dr. Michael W. Chapman, an orthopedic surgeon at the University of California, Davis.
He also opened the Lawrence J. Ellison Ambulatory Care Center on the Sacramento campus of UC Davis Medical Center in 1998.
He was forced to donate $100 million to his own charitable foundation without admitting wrongdoing, in order to settle an insider trading lawsuit that arose from the sale of nearly $1 billion of Oracle stock.
He made donations to Stanford University, raising questions about the independence of two Stanford professors who assessed the merits of the case for Oracle.
After the 9/11 terrorist attacks in the United States, Ellison made a donation of software to the federal government that would allow it to build and run a national identification database and issue identification cards, but the donation proved controversial.
He has also donated about 1% ($151,092,103) of his estimated personal wealth. This is according to the 2004 Forbes list of charitable donations made by the 400 richest Americans.
He pledged $500,000 in 2007 to strengthen a community center in Sderot, Israel. In 2014, she made a $10 million donation to the Friends of the Israel Defense Forces.
Again in 2017, he made another donation to the Friends of the Israel Defense Forces. She is also part of the group of people who have signed “The Giving Pledge”.
He donated $200 million to the University of Southern California to establish a cancer research center: the USC Lawrence J. Ellison Institute for Transformative Medicine in May 2016.
On October 25, 2018, Oracle co-founder Larry took jabs at e-commerce giant Amazon because it is trying to get its market share in the cloud.
The two tech giants had been engaged in a recent war of words over the performance of Oracle’s database software and cloud tools.
Recently, Amazon had announced plans to move out of Oracle by 2020, causing a disruption to Prime Day at one of its largest warehouses, according to an internal report.
“Amazon has now been the number one brand in cloud computing infrastructure,” Ellison said during an exclusive interview with Maria Bartiromo.
“Let me tell you an interesting fact: Amazon does not use [Amazon Web Services] to run its business,” he added. “Amazon runs its entire business on top of Oracle, on the Oracle database. They haven’t been able to migrate to AWS because it’s not good enough.’
“We’re not getting our database into the cloud fast enough,” Ellison said. “So if you wanted a database in the cloud, you had to go to Amazon to get a database and then you could go to Microsoft to get one. It took us a while to build a secure cloud. It is very difficult to create a secure cloud.’
Amazon currently has a 33 percent share of the cloud market, followed by Microsoft, which has recently gained ground, rising from 7 percent to 13 percent.
According to Larry, Oracle continues to hold a dominant position in managing most of the world’s data.
Larry Ellison Wife And Family
Speaking of his personal life, Ellison has been married four times, all of which have ended in divorce . His first marriage of his was to Adda Quinn in 1967.
At the time, Ellison was just starting out and their jobs weren’t making them much money. This meant financial problems that were reinforced by Ellison’s passion for sailing and horsemanship.
He borrowed money to buy a 34 footer. boat one day, before paying for his other smaller boat that he had bought earlier.
They had mounting debts and Adda Quinn was exhausted by her husband’s lack of direction and decided to divorce him in 1974. The couple went through a marriage counseling session and it was then that he revealed his desire to become a millionaire, but that could not make him. Quinn will change his mind.
In 1977, Ellison married Nancy Wheeler Jenkins. This was six months before Ellison founded Software Development Laboratories. She gave up any rights to her husband’s company for $500 when they divorced in 1978.
He again got married in 1983, to Barbara Boothe, a former receptionist for Relational Software Inc. (RSI). However, the couple parted ways in 1986 after having two children together, David and Megan, who are film producers at Skydance Media and Annapurna Pictures, respectively.
In 2003, Ellison married his girlfriend , Melanie Craft, an American romance novelist. Their wedding was at Ellison’s Woodside estate on December 18, 2003.
The late Steve Jobs, former CEO and co-founder of Apple, Inc and a friend of Ellison’s was the official wedding photographer, while representative Tom Lantos officiated the ceremony. However, they divorced in 2010, citing reasons known to them.
Larry Ellison Kids
Ellison is the father of two: a son and a daughter. His son David Ellison was born in 1983 and is a film producer at Skydance Media, a company he founded and of which he is CEO.
Ellison’s daughter, Margaret Elizabeth ‘Megan’ Ellison , born in 1986, is also a film producer like her older brother. She is the founder of Annapurna Pictures, which was established in 2011.
Larry Ellison Net Worth
According to our trusted sources, Larry Ellison earns around $2 billion to $5 billion every year, which translates to an average monthly salary of between $200 million and $500 million, and $2 million to $5 million daily. . Oracle CEO Lawrence Joseph Ellison is consistently among the highest-paid CEOs in the US.
Ellison has an estimated net worth of $80.1 billion as of 2020 . This includes his assets, money and income. His main source of income is his career as co-founder, CEO and CTO of Oracle Corporation.
Through his various sources of income, Larry Ellison has been able to amass a good fortune but prefers to lead a modest lifestyle.
Larry Ellison’s House
Ellison owns more houses than he could possibly live in. He is often referred to as ‘the nation’s most avid trophy home buyer.’ Some of his houses are:
- In 2012, he purchased the Hawaiian island of Lanai, which is by far his largest total investment. He owns 98% of it.
- He paid $3.9 million for a William Wurster house in San Francisco’s posh Pacific Heights in 1988.
- In Kyoto, Japan, he has a historic garden villa that was reportedly listed for $86 million, though the price he actually paid is unknown.
- In Malibu, California, he owns at least 10 in Carbon Beach, packed with billionaires, an $18 million home owned by producer Jerry Bruckheimer that he bought in 2013 and a $48 million five-bedroom home he once owned. to the late real estate developer Norman Ackenberg. . Some of his Malibu homes are often rented, like his 2,800-square-foot oceanfront cottage.
- He also bought a $17.6 million parcel that now houses Nobu Malibu, an ultra-modern Japanese restaurant popular with Hollywood celebrities.
- A high-end Japanese concept hotel formerly the historic Casa Malibu Inn which it purchased in 2007 for $20 million.
- The Malibu Racquet Club which he bought in 2007 for $6.9 million.
- In Snug Harbor, Lake Tahoe, he had a 2.5-acre home that he sold for $20.35 million in July 2014, and he reportedly has two others in the area. It is also reported that he has plans to build another house that is three times the size of the 2.5-acre one, with 18,000 square feet of living space plus an island, waterfalls, and a tennis court.
- The Beechwood villa in Newport, Rhode Island, which he bought in 2010 for $10.5 million.
- Porcupine Creek, a private golf club, located in Rancho Mirage, California. It includes the main house with a whopping 16 rooms, plus several separate guest houses. He bought this in 2011 for $42.9 million.
- 21 residential properties near your Four Seasons Resorts Lanai at Manele Bay. He bought them in February 2014 and spent just over $41 million.
Larry Ellison Yacht
Ellison is a man who loves to sail, so he has some. This love has seen him participate in the America’s Cup on several occasions and in 2010 he brought the Cup to America for the first time in 15 years.
His yacht USA 17 won the second race of the 33rd America’s Cup on February 14, 2010, after winning the first race two days earlier.
His Oracle team established kite sailing in the American Cup environment in 2002. In New Zealand, kite pulling continued for about 30 minutes.
He owned the eighth largest yacht in the world, Rising Sun, but in 2010, Ellison ended his ownership of the yacht.
His remaining shares in the yacht were sold to music and film mogul David Geffen. The yacht reportedly cost more than $200 million to build. He ‘downsized’ Musashi, a 288-foot (88-meter) yacht built by Feadship.
In 2013, on September 25, Oracle Team USA defeated Emirates Team New Zealand to win the 34th America’s Cup in San Francisco Bay, California. In 2017, Oracle Racing lost the Copa America to the New Zealand team.
Larry Ellison Cars
As a wealthy man, Ellison owns several exotic cars. They include an Audi R8 and a McLaren F1, with his favorite being the Acura NSX.
He was known to give these supercars away every year during their production run. He also reportedly owns a Lexus LFA and a Lexus LS (XF40).