Larry Ellison

Larry Ellison is an American businessman and entrepreneur who co-founded Oracle Corporation. He served as the company’s CEO from 1977 to 2014 and is currently its chairman, chief technology officer, and executive chairman. Ellison is known for his significant wealth, ranking as the third-richest person in the world with a net worth of approximately $95 billion as of June 2024.

Early Life and Education

• Birth and Family: Larry Ellison was born on August 17, 1944, in New York City, New York, U.S.
• Education: Ellison attended the University of Illinois at Urbana-Champaign and later transferred to the University of Chicago, where he graduated with a Bachelor of Science in computer science.

Career

• Oracle Corporation: Ellison co-founded Oracle Corporation in 1977 and served as its CEO until September 2014. He is now the chairman, chief technology officer, and executive chairman.
• Philanthropy: Ellison is known for his philanthropic efforts, particularly in the area of education. He has donated to various institutions, including the University of Illinois and the University of Chicago.

Net Worth and Rankings

• Net Worth: As of June 2024, Ellison’s net worth is approximately $95 billion, making him the third-richest person in the world.
• Rankings: Ellison ranks as the ninth-wealthiest person in the world according to the Bloomberg Billionaires Index and the fifth-wealthiest according to Forbes with an estimated net worth of $152 billion.

Personal Life

• Interests: Ellison is known for his interests in sailing, flying, and playing tennis and guitar.
• Philanthropy: Ellison has been involved in various philanthropic efforts, including the Oracle Education Foundation and the Ellison Family Foundation.

Key Achievements

• Oracle’s Growth: Under Ellison’s leadership, Oracle has grown significantly, becoming one of the largest and most successful software companies in the world.
• Philanthropic Efforts: Ellison’s philanthropic efforts have focused on education and have made a significant impact on various institutions and communities.

Challenges and Controversies

• Oracle’s Stock Performance: Oracle’s stock performance has been a subject of controversy, with some criticizing the company’s business practices and others praising its growth and innovation.
• Philanthropic Pledge: Ellison has been criticized for not fulfilling his philanthropic pledge to donate a significant portion of his wealth to charitable causes.

Quotes and Insights

• Investment Philosophy: “The basic ideas of investing are to look at stocks as business, use the market’s fluctuations to your advantage, and seek a margin of safety. That’s what Ben Graham taught us. A hundred years from now they will still be the cornerstones of investing.”— Warren Buffett.