Larry Ellison Biography
Lawrence Ellison was born on August 17, 1944. He is an American businessman, entrepreneur, and philanthropist who is co-founder, executive chairman and chief technology officer of Oracle Corporation. from June 2018, Larry was listed by Forbes magazine as the fifth-wealthiest person in the United States and as the eighth-wealthiest in the world, with a fortune of $54.5 billion.
He was born in New York City and brought up in Chicago. Larry studied at the University of Illinois at Urbana–Champaign and the University of Chicago without graduating before moving to California in 1966. While working at Ampex in the early 1970s, he became influenced by Edgar F. Codd’s research on relational database design, which led in 1977 to the formation of what became Oracle. Oracle became a successful database vendor to mid- and low-range systems, competing with Sybase and Microsoft SQL Server, which led to Ellison being listed by Forbes as one of the richest men in the world.
Ellison has given up to 1% of his wealth to charity and has signed The Giving Pledge. In addition to his work at Oracle, he has had success in yachting, through Oracle Team USA. He is a licensed aircraft pilot who owns two military jets.
Larry Ellison Age|Birthday
Lawrence Ellison was born in August 17, 1944. He is 74 years old as of year 2018
Larry Ellison Family|
Larry was born in New York City, to a single Jewish mother. Ellison biological father was an Italian American United States Army Air Corps pilot. After Ellison developed pneumonia at the age of nine months, his mother gave him to her aunt and uncle for adoption. He meet his biological mother again until when he was 48.
He moved to Chicago’s South Shore, then a middle-class neighborhood. Ellison remembers his adoptive mother as warm and loving, in contrast to his austere, unsupportive, and often distant adoptive father, who adopted the name Ellison to honor his point of entry into the United States, Ellis Island. Louis Ellison was a government employee who had made a small fortune in Chicago real estate, only to lose it during the Great Depression.
Although Ellison was brought up in a Reform Jewish home by his adoptive parents, who attended synagogue regularly, he remained a religious skeptic. He states: “While I think I am religious in one sense, the particular dogmas of Judaism are not dogmas I subscribe to. I don’t believe that they are real. They’re interesting stories. They’re interesting mythology, and I certainly respect people who believe these are literally true, but I don’t. I see no evidence for this stuff.” When he was age thirteen, Ellison refused to have a bar mitzvah celebration. He says that his love affair with Israel is not connected to religious sentiments, but rather due to the innovative spirit of Israelis in the technology sector.
Ellison left the University of Illinois at Urbana–Champaign after his second year, not taking his final exams, because his adoptive mother had just died. After spending a summer in Northern California, Ellison attended the University of Chicago for one term, where he first encountered computer design. In 1966 when he was 22 years, he moved to Northern California.
Larry Ellison Marriage|Children|Wife|Divorce
He has been married and divorced four times.He married his first wife Adda Quinn from 1967 to 1974 second wife Nancy Wheeler Jenkins was married from 1977 to 1978. They married six months before Ellison the foundation of Software Development Laboratories. In 1978, they couple. Wheeler gave up any claim on her husband’s company for $500 he married Barbara Boothe from 1983 to 1986. Boothe was one time a receptionist at Relational Software Inc. (RSI). The couple had two children, David and Megan, who are film producers at Skydance Productions and Annapurna Pictures, respectively. Melanie Craft, a romance novelist, was married from 2003 to 2010. They married on December 18, 2003, at his Woodside estate. Ellison’s former friend Steve Jobs, former CEO and co-founder of Apple, Inc, was the official wedding photographer, and Representative Tom Lantos officiated. The couple divorced in 2010.
Ellison made a brief cameo appearance in the 2010 movie Iron Man 2. In 2010, Ellison purchased a 50% share of the BNP Paribas Open tennis tournament. Ellison is the owner of many exotic cars, including an Audi R8 and a McLaren F1. His favorite is the Acura NSX, which he was known to give as gifts each year during its production. He is also reportedly the owner of a Lexus LFA and a Lexus LS(XF40).
Larry Ellison House| Home
Ellison designed his estimated $110 million Woodside, California, estate after feudal Japanese architecture, complete with a man-made 2.3-acre (9,300 m2) lake and an extensive seismic retrofit. In 2004 and 2005 he bought more than 12 properties in Malibu, California, worth more than $180 million. The $65 million Ellison spent on five contiguous lots at Malibu’s Carbon Beach made this the most costly residential transaction in United States history until Ron Perelman sold his Palm Beach, Florida compound for $70 million later that same year. His entertainment system cost $1 million, and includes a rock concert-sized video projector at one end of a drained swimming pool, using the gaping hole as a giant subwoofer.
In early 2010, he purchased the Astor’s Beechwood Mansion – which was the summer home of the Astor family – in Newport, Rhode Island, for $10.5 million. In 2011 he bought the 249-acre which was prevously Porcupine Creek Estate and private golf course in Rancho Mirage, California, for $42.9 million. The property was the home of Yellowstone Club founders Edra and Tim Blixseth, and was sold to him by creditors following their divorce and bankruptcy. On June 21, 2012, the governor of Hawaii, Neil Abercrombie, announced that Ellison had signed an agreement to buy most of the island of Lanai from the Castle & Cooke company, owned by David H. Murdock. Following the purchase Ellison owns 98% of Lanai, Hawaii’s sixth-largest island.
Larry Ellison Education
Ellison droped out of the University of Illinois at Urbana–Champaign after his second year, not taking his final exams, because his adoptive mother had just died. After being in summer in Northern California, he enrolled in the University of Chicago for one term, where he first encountered computer design. In 1966 when he was 22 years, he moved to Northern California.
Larry Ellison Net Worth
Larry Ellison has a net worth of US$59.1 billion as at year 2018
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Larry Ellison Religion
Although he was brought up in a Reform Jewish home by his adoptive parents, who usually attended synagogue , Ellison remained a religious skeptic. Ellison stated that While he think he am religious in one sense, the particular dogmas of Judaism are not dogmas I subscribe to. I don’t believe that they are real. They’re interesting stories. They’re interesting mythology, and he certainly respect people who believe these are literally true, but he don’t. He sees no evidence for this stuff.” At age thirteen, Ellison rejected to have a bar mitzvah celebration. He says that his love affair with Israel is not connected to religious sentiments, but rather due to the innovative spirit of Israelis in the technology sector.
Larry Ellison Yacht
semi-finals. On February 14, 2010, Ellison’s yacht USA 17 won the second race (in the best of three “deed of gift” series) of the 33rd America’s Cup, after winning the first race two days earlier. Securing a historic victory, Ellison and his BMW Oracle team became the first challengers to win a “deed of gift” match. The Cup returned to American shores for the first time since 1995. Ellison served as a crew member in the second race. Previously, Ellison had filed several legal challenges, through the Golden Gate Yacht Club, against the way that Ernesto Bertarelli (also one of the world’s richest men) proposed to organize the 33rd America’s Cup following the 2007 victory of Bertarelli’s team Alinghi. The races were finally held[clarification needed] in February 2010 in Valencia.
In year 2002, Ellison’s Oracle’s team launched kite yachting into the American Cup environment. The kite traction flying continued about 30 minutes in New Zealand.
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In 2010, Ellison completed his ownership of the eighth largest yacht in the world, named Rising Sun. Ellison sold his remaining shares in the yacht to music and film mogul David Geffen. Rising Sun is 453 feet (138 metres) long, and reportedly cost over $200 million to build. He “downsized” to Musashi, a 288-foot (88-metre) yacht built by Feadship. On September 25, 2013, Ellison’s Oracle Team USA defeated Emirates Team New Zealand to win the 34th America’s Cup in San Francisco Bay, California. Oracle Team USA had been penalized two points in the final for cheating by some team members during the America’s Cup World Series warm-up events.
Oracle Racing lost the year 2017 America’s Cup to Team New Zealand.
Larry Ellison Website
Larry Ellison Email
Larry Ellison Quotes
- When I do something, it is all about self-discovery. I want to learn and discover my own limits.” Larry Ellison
- I have had all of the disadvantages required for success.” Larry Ellison
- “Great achievers are driven, not so much by the pursuit of success but by the fear of failure.” Larry Ellison
- “When you innovate, you’ve got to be prepared for everyone telling you you’re nuts.” Larry Ellison
- See things in the present, even if they are in the future. ” Larry Ellison
Larry Ellison Height
He has estimated height of 1.91 m
Larry Ellison Cars
He owns many exotic cars, including an Audi R8 and a McLaren F1. Ellison favorite is the Acura NSX, which he was known to give as gifts each year during its production. Ellison is also reportedly the owner of a Lexus LFA and a Lexus LS(XF40).
Larry Ellison Forbes
- Larry Ellison is the cofounder of software firm Oracle in 1977 to tap into the growing need for customer relationship management databases.
- He gave up the Oracle CEO role in 2014 but still he is a chairman of the board and chief technology officer.
- As part of Oracle’s push into cloud computing, it acquired cloud-software firm Netsuite for $9.3 billion in 2016.
- Oracle moved into hardware with its 2010 acquisition of Sun Microsystems for $7.4 billion.
- In 2016, he pledged to give $200 million to the University of Southern California for a cancer treatment center.
Larry Ellison Donations
In order to settle an insider trading lawsuit arising from Ellison’s selling nearly $1 billion of Oracle stock, he was allowed to donate $100 million to his own charitable foundation without admitting wrongdoing. A California judge refused to allow Oracle to pay Ellison’s legal fees of $24 million. Ellison’s lawyer had argued that if Ellison were to pay the fees, that could be construed as an admission of guilt. His charitable donations to Stanford University raised questions about the independence of two Stanford professors who evaluated the case’s merits for Oracle. In response to the September 11 terrorist attacks, Ellison made a controversial offer to donate software to the federal government that would enable it to build and run a national identification database and issue ID cards.
Forbes’s 2004 list of charitable donations created by the wealthiest 400 Americans stated that he had donated $151,092,103, about 1% of his estimated personal wealth. In June 2006, he announced he would not honor his earlier pledge of $115 million to Harvard University, claiming it was due to the departure of former President Lawrence Summers. Oracle spokesman Bob Wynne announced, “It was really Larry Summers’ brainchild and once it looked like Larry Summers was leaving, Larry Ellison reconsidered … [I]t was Larry Ellison and Larry Summers that had initially come up with this notion.” In 2007, Ellison pledged $500,000 to fortify a community centre in Sderot, Israel, after discovering that the building was not fortified against rocket attacks. Other charitable donations by Ellison include a $10 million donation to the Friends of the Israel Defense Forces in 2014, about which he said: “In my mind, there is no greater honor than supporting some of the bravest people in the world … These men and women come together with indefatigable purpose, to defend Israel and strive to co-exist in peace.” In 2017, Ellison donated $16.6 million to the Friends of the Israel Defense Forces. His donation will support the construction of well-being facilities on a new campus for co-ed conscripts.
In August 2010, it was reported that Ellison is one of the 40 billionaires who have signed “The Giving Pledge”. Ellison wrote: “Many years ago, I put virtually all of my assets into a trust with the intent of giving away at least 95 percent of my wealth to charitable causes. I have already given hundreds of millions of dollars to medical research and education, and I will give billions more over time. Until now, I have done this giving quietly because I have long believed that charitable giving is a personal and private matter.”
In May 2016, Ellison donated $200 million to University of Southern California for establishing a cancer research center: Lawrence J. Ellison Institute for Transformative Medicine of USC.
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