Larry Ellison Biography
Larry Ellison is an American business magnate and investor. He is the co-founder, executive chairman, and chief technology officer (CTO). In addition, he is the former chief executive officer (CEO) of the American computer technology company Oracle Corporation.
Larry Ellison Age
Ellison is 78 years old as of 2022. He was born (Lawrence Joseph Ellison) on August 17, 1944, in New York City, New York, United States. Ellison celebrates his birthday on the 17th of August every year.
Larry Ellison Height
Ellison stands at an approximate height of 5 feet 9 inches.
Larry Ellison Family
Ellison was born in New York City to an unwed Jewish mother. His biological father was an Italian-American United States Army Air Corps pilot.
Larry Ellison’s Adoptive Family
At the age of nine months, Ellison contracted pneumonia. His mother gave him up to her aunt and uncle for adoption. Ellison did not meet his biological mother again until he was 48. He moved to Chicago’s South Shore, then a middle-class neighborhood, and recalls his adoptive mother as warm and loving, in contrast to his austere, unsupportive, and often distant adoptive father. His adoptive father chose the name Ellison to honor his point of entry into the United States, Ellis Island.
His adoptive parents raised him in a Reform Jewish home where his parents attended synagogue regularly but Ellison remained a religious skeptic. When he reached thirteen years of age, he refused to have a bar mitzvah celebration. Ellison 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.” Ellison says that his fondness for Israel is not connected to religious sentiments but rather due to the innovative spirit of Israelis in the technology sector.
Larry Ellison’s Wife/ Larry Ellison’s wives
Ellison has been married and divorced four times. In 1967, he married his first wife Adda Quinn and they divorced in 1974. From there, he married his second wife Nancy Wheeler Jenkins in 1977 but in 1978, the couple divorced. The two married for six months before Ellison founded Software Development Laboratories. Wheeler gave up any claim on her husband’s company for $500.
His third marriage to Barbara Boothe was from 1983 to 1986. Barbara was a former receptionist at Relational Software Inc. (RSI). The two bared two children David Ellison and Megan Ellison who are film producers at Skydance Media and Annapurna Pictures, respectively. Ellison was unlucky with marriages but he tried the fourth time. He married Melanie Craft on December 18, 2003, at his Woodside estate. Melanie is a romance novelist. Representative Tom Lantos officiated the wedding and Ellison’s friend Steve Jobs, former CEO and co-founder of Apple Inc. was the official wedding photographer. Unfortunately, the two divorced in 2010.
Larry Ellison Girlfriend
Ellison started dating Nikita Kahn in 2010. This was the year Ellison finalized his last divorce. Kahn is an actress, model, entrepreneur, and animal rights activist. She appeared in the crime movie Catch 44 alongside actors Bruce Willis and Forest Whitaker. Kahn also produced The Last Animals documentary. She has worked with the California Wildlife Center and runs a real-estate agency that provides home remodeling services. Kahn contributed to the San Diego Zoo Safari Park’s Rhino Rescue Center and California Wildlife Center.
Larry Ellison’s Net Worth
Ellison has an estimated net worth ranging between $102 Billion which he has earned from his successful career as a business magnate and investor, co-founder, executive chairman, chief technology officer (CTO), and chief executive officer.
Larry Ellison Education
Ellison attended South Shore High School in Chicago where he earned his high school Diploma. From there, he was admitted to the University of Illinois at Urbana–Champaign and was enrolled as a premed student. During his time at the university, he was named science student of the year. After his sophomore year, Ellison withdrew without taking final exams because his adoptive mother had just died.
He spent the summer of 1966 in California. After that, he joined the University of Chicago for one term where he studied physics and mathematics. He also first encountered computer design. In 1966, at age 22, he moved to Berkeley, California.
Larry Ellison Career
In the early 1970s, while working at Ampex, he became influenced by Edgar F. Codd’s research on relational database design for IBM. That led to the formation of the company which later became Oracle. Oracle became a successful database vendor for mid and low-range systems. Later, it was competing with Sybase and Microsoft SQL Server which led to Ellison being listed by Forbes as one of the richest people in the world. Sybase was created in 1984 and Microsoft SQL Server, a port of Sybase was created in 1989.
Larry Ellison Lanai’s House/ Home
The luxurious home which is 4,951-square-foot was built in 2005. It boasts four bedrooms and five bathrooms. Lanai is a 141-square-mile island located eight miles off the coast of Maui. It is the smallest inhabited island in the state of Hawaii, with no traffic lights and few paved roads. Lanai was originally developed by Dole CEO David Murdock, hosted Bill Gates’ wedding, and has a golf course designed by legend Jack Nicklaus. The estate is one of the few properties not owned by Ellison on the island.
Larry Ellison Yacht
Larry Ellison’s Musashi superyacht. The luxury superyacht was launched in 2011 by Feadship’s Koninklijke De Vries yard in Makkum, the Netherlands. It is estimated to be worth a whopping US$160 million.
Larry Ellison America’s Cup
Ellison likes racing yachts during his leisure time, not bolstering his software empire. In 2010, he joined the BMW Oracle racing team. After the race, he won prestigious America’s Cup. The victory brought the cup to the United States for the first time in 15 years, a win the team repeated in 2013.
Larry Ellison Oracle Corporation
In 1986, Oracle Corporation held its IPO, but some accounting issues helped wipe out the majority of the company’s market capitalization and Oracle teetered on the brink of bankruptcy. After a management shakeup and a product-cycle refresh, however, Oracle’s new products took the industry by storm, and by 1992 the company was the leader in the database-management realm.
Success continued, and Ellison was Oracle’s largest shareholder. He set his sights on growth through acquisitions, and over the next several years he gobbled up several companies, including PeopleSoft, Siebel Systems, and Sun Microsystems. They all helped Oracle reach a market cap of roughly $185 billion with some 130,000 employees by 2014.
Who is Larry Ellison?
Ellison is one of the richest people in the world. He was listed as the sixth-wealthiest person in the world by Bloomberg Billionaires Index, with an estimated fortune of $102.6 billion. Ellison is also known for his 98% ownership stake in Lanai, the sixth-largest island in the Hawaiian Archipelago.
Is Caroline Ellison Related to Larry Ellison?
Caroline Ellison is the daughter of MIT economists Sara Fischer and Glenn Ellison. Therefore, she is not related to billionaire business magnate and former CEO of Oracle Corporation, Larry Ellison. Ellison’s advancement coincides with Gates’s huge net worth drop by $ 22.7 billion to reach $106.3 billion.
Bill Gates vs Larry Ellison
Ellison replaces Microsoft founder Bill Gates to become the World’s 5th richest Billionaire. His net worth reached $107.5 billion according to Forbes real-time estimates on September 5, 2022. It jumped by $1.5 billion since the release of the April billionaires list in 2022.
Larry Ellison’s Japanese House
Ellison’s Japanese Style home in Woodside, Calif., modeled after a 16th-century Japanese emperor’s palace, is worth an estimated $70 million. The house has strolling gardens with decks, ponds, waterfalls, a koi pond, an in-ground spa, and a dark-bottom swimming pool rimmed with boulders that meld into the landscape.