Lawrence Joseph ‘Larry’ Ellison is an American businessman, best known as the co-founder and CEO of multi-billion dollar software company, ‘Oracle Corporation’.
He was born in New York to an unmarried teen mother. He developed pneumonia when he was 9 months old, which is why his mother gave him to her aunt and uncle for adoption
He was brought up on the south side of New York and did not know until 12 that he was adopted. He attended the Eugene Field Elementary School in Chicago.
He enrolled at the University of Illinois but dropped out of college when his mother passed away. Later he went to the University of Chicago but soon dropped out of there too.
during 1970s, started working with the Ampex Corporation. He worked to develop databases, in particular for CIA; a program that he named ‘Oracle’.
In 1977, Ellison founded his own company under the name of ‘Software Development Laboratories (SDL)’.
In the late ‘70s and early ’80, Ellison renamed his company as ‘Relational Software Inc.’, which went on to become ‘Oracle Systems Corporation’,
In 1990, Oracle started losing money in the business and laid off about 10% of its working staff. This situation emerged due to Oracle’s marketing technique
By late 2000s, Ellison was estimated to be of net worth of $28 billion. ‘The Wall Street Journal’ reported him to be the best-paid executive.
Ellison's yacht USA 17 won the second race of the 33rd America's Cup. He and his BMW Oracle team returned to America from Spain in 2010 with the title
Ellison has been married 4 times. His first marriage was with Adda Quinn (1967-74); second to Nancy Wheeler Jenkins (1977-78)
Then to Barbara Boothe (1983-86) and had two children: David and Megan, and fourth to Melanie Craft (2003-2010).
The present net worth of Larry Ellison is estimated to be around 101 billion USD