Lawrence Joseph “Larry” Ellison (born August 17, 1944) is an American businessman, entrepreneur, and philanthropist who is co-founder of Oracle Corporation and was CEO from its founding until September 2014. He is the executive chairman and chief technology officer of Oracle. As of February 2017, he was listed by Forbes magazine as the fifth-wealthiest person in America and as the seventh-wealthiest in the world, with a fortune of $55 billion.
Ellison was born in New York City but grew up in Chicago. He 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 donated up to 1% of his wealth to charity and has signed The Giving Pledge. In addition to his work at Oracle, Ellison has had success in yachting, through Oracle Team USA. He is a licensed aircraft pilot who owns two military jets.
Larry Ellison net worth and salary: Larry Ellison is an American entrepreneur billionaire who has a net worth of $51 billion. Larry Ellison is the founder and CEO of software giant Oracle. Ellison’s net worth makes him one of the 10 richest people in the world behind other tycoons like Carlos Helu, Bill Gates, Warren Buffett and Amancio Ortega. Coming in as the one of the richest people in the world isn’t the ideal outcome for an uber-competitive captain of industry, but in the case of Oracle CEO Larry Ellison, he can’t really complain.
Net Worth details: Ellison owns 27 percent of Oracle, and has pledged 315 million shares as collateral against lines of credit and personal debt. Since 2003 he has earned about $8 billion from stock sales and dividends from Oracle. Ellison has had no trouble spending his money, purchasing private planes, yachts, the Indian Wells tournament, and America’s Cup teams. He owns real estate all over the world including Hawaii, Japan, Malibu, Lake Tahoe, San Francisco, and Rhode Island.
Unlike pals Warren and Bill, Larry’s consumption tends to be on the conspicuous side. He is an avid sailor, a love that he feeds as a major financer of the BMW Oracle Racing syndicate and former owner of the world’s sixth largest yacht the $200 million Rising Sun. Ellison sold The Rising Sun to music mogul David Geffen in 2010. The Oracle database guru and licensed pilot also has a taste for highly expensive cars and planes. His collection includes a Maclaren F1 (only six of these cars are in the U.S.), an Audi R8 and a fighter jet.
Ellison lives in a $200 million house in Silicon Valley. The mansion is modeled after a 16th century Japanese estate. It spans 45-acres and features a main house, a two-bedroom guest house, three cottages, a barn converted to a gym and a man-made lake and two waterfalls. After the local township assessed his property at a value of $173 million and handed Ellison the tax bill, he challenged the value and won, receiving a 60% tax cut on his “$70 million” property.
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