Larry Ellison is one of the richest and most well-known leaders in technology. He co-founded Oracle, a top software company. His work has helped shape the tech industry.
Early Life and Background
Larry Ellison was born on August 17, 1944, in New York City. He was adopted and grew up in Chicago. He loved technology and later moved to California to pursue it. Ellison studied at University of Illinois and University of Chicago, but he didn’t graduate. In 1977, he started Oracle with two partners.
Career Beginnings and Oracle
Ellison and his partners launched Oracle in 1977. They aimed to create a database system for businesses. Their software soon became popular for managing data. Today, Oracle is one of the biggest software companies. It provides products for databases, cloud computing, and business apps. Under Ellison’s leadership, Oracle grew fast and became a leader in tech.
Major Achievements and Earnings
Oracle’s success brought Ellison great wealth. As Oracle grew, it expanded by buying other companies and creating new products. Ellison’s shares in Oracle are his main source of wealth. He was CEO until 2014 and still plays a key role as Chairman and Chief Technology Officer.
Income Sources
Ellison’s wealth mainly comes from his Oracle shares. Oracle earns money through software, cloud services, and other business solutions. Ellison also invests in real estate, healthcare, and tech projects. He owns shares in Tesla and serves on its board. His investments give him additional income.
Assets and Lifestyle
Ellison is known for a luxurious lifestyle. He owns many properties, including a large estate in Woodside, California, and the Hawaiian island of Lanai, which he bought in 2012. His main asset is his Oracle stock, but he also owns yachts, jets, and high-end properties around the world.
Philanthropy and Contributions
Ellison gives to health and education causes. Through the Ellison Medical Foundation, he funds research on aging and diseases. He also supports universities and conservation efforts on his Hawaiian island. His giving reflects his commitment to positive change.
Net Worth in 2024
As of 2024, Larry Ellison’s net worth is about $130 billion, according to Forbes. His wealth is closely tied to Oracle’s stock, which remains strong. His work in tech and giving back keeps his influence growing.
Conclusion
Larry Ellison’s journey from a tech enthusiast to a billionaire is remarkable. With a net worth around $130 billion, he is one of the world’s top figures in tech. His work with Oracle and his giving reflect his commitment to innovation and helping others.
References and Resources
Ross Stretch
