Larry Ellison Biography
Larry Ellison 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 chief executive officer (CEO). He is the eleventh-wealthiest person in the United States and the eleventh-wealthiest person in the world, according to Bloomberg Billionaires Index, as of June 2022.
How old is Larry Ellison?- Age
Ellison is 77 years old as of August 2021. He was born Lawrence Joseph Ellison on August 17, 1944, in New York City, U.S.
What did Larry Ellison study? – Education
Ellison attended Chicago’s South Shore High School before enrolling as a premed student at the University of Illinois at Urbana–Champaign. He then studied physics and mathematics at the University of Chicago for one semester.
Larry Ellison Family – Parents
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’s mother surrendered him to her aunt and uncle for adoption when he suffered pneumonia at the age of nine months. He didn’t see his biological mother until he was 48 years old.
Larry Ellison’s Wife – Married
Ellison has been married and divorced four times:
Adda Quinn from 1967 to 1974. Nancy Wheeler Jenkins from 1977 to 1978. They married six months before Ellison founded Software Development Laboratories. In 1978, the couple divorced.
Barbara Boothe from 1983 to 1986. Boothe was a former receptionist at Relational Software Inc. (RSI).[citation needed] They had two children, David and Megan, who are film producers at Skydance Media and Annapurna Pictures, respectively.
Melanie Craft, was a romance novelist, from 2003 to 2010. They married on December 18, 2003, at his Woodside estate. They divorced in 2010.
Larry Ellison Career
With little money, Ellison packed his belongings and relocated to Berkeley, California, where he worked for the following decade at companies including Wells Fargo and Amdahl Corporation. Ellison had picked up basic computer skills between college and several employment, and he was eventually able to put them to use as a programmer at Amdahl, where he worked on the first IBM-compatible mainframe system. In 1977, Ellison and two of his Amdahl colleagues created Software Development Labs, which soon received a contract from the CIA to develop a database management system called Oracle. The company had fewer than ten employees and annual revenue of less than $1 million, but IBM agreed to utilize Oracle in 1981, and sales increased dramatically.
Oracle Corporation launched its initial public offering (IPO) in 1986, but accounting irregularities caused the company’s market capitalization to plummet, and Oracle was on the verge of bankruptcy. Oracle’s new solutions, however, grabbed the market by storm after a management shakeup and a product-cycle refresh, and the business was the leader in database management by 1992.
Success continued, and Ellison became one of the world’s wealthiest people as Oracle’s largest shareholder. Ellison focused his sights on expansion through acquisitions, and over the next several years, he snatched up other firms, including PeopleSoft, Siebel Systems, and Sun Microsystems, all of which helped Oracle achieve a market worth of around $185 billion in 2014, with roughly 130,000 workers.
Larry Ellison’s Net Worth
He has an estimated net worth of 94.5 billion USD.