Larry Ellison Net Worth and Personal Wealth 2023

Larry Ellison is one of the most famous entrepreneurs in the world, known for co-founding Oracle Corporation and turning it into a multi-billion dollar company. This article will explore the life and legacy of Larry Ellison, from his humble beginnings to his rise to fame as a business magnate.

Early Life and Education

Larry Ellison was born in New York City in 1944 to an unwed mother who gave him up for adoption. He was adopted by a middle-class family in Chicago, but his adoptive mother died when he was nine years old, leaving him with a difficult relationship with his adoptive father.

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Ellison attended the University of Illinois at Urbana-Champaign but dropped out after his second year. He then enrolled at the University of Chicago but dropped out after just one semester.

Early Career

In the early 1970s, Ellison moved to California and worked various odd jobs, including as a computer programmer. He then founded his own company, Software Development Laboratories (SDL), which later became Oracle Corporation.

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Co-Founding Oracle

Ellison co-founded Oracle Corporation in 1977 with two partners, Bob Miner and Ed Oates. The company initially focused on developing a database management system, which became known as the Oracle Database.

Building Oracle into a Billion-Dollar Company

Under Ellison’s leadership, Oracle grew rapidly in the 1980s and 1990s, becoming one of the world’s largest software companies. Ellison is credited with helping to pioneer the use of relational databases and client-server computing.

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Larry Ellison’s Net Worth

Larry Ellison’s net worth is estimated to be around $97 billion, making him one of the wealthiest individuals in the world. He made his fortune primarily through his co-founding and leadership of Oracle Corporation, a multinational technology company that specializes in developing and selling software products and services.

In addition to his success in the tech industry, Ellison is also known for his lavish lifestyle, which includes ownership of numerous properties, including a Hawaiian island, and a love of yachting. Despite his wealth and controversies, Ellison has also been a generous philanthropist, donating hundreds of millions of dollars to various causes, particularly in the field of medical research.

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Personal Life

Ellison has been married four times and has two children. He is known for his love of yachting and has owned several luxurious yachts over the years. He also owns numerous homes and properties, including a Hawaiian island.

Philanthropy

Ellison has been a generous philanthropist, donating hundreds of millions of dollars to various causes over the years. He has been particularly involved in medical research, donating $200 million to the University of Southern California to establish the Lawrence J. Ellison Institute for Transformative Medicine.

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Controversies

Ellison has been involved in several controversies over the years, including allegations of insider trading and sexual harassment. He has also been criticized for his lavish lifestyle and for being one of the world’s wealthiest individuals.

Legacy

Larry Ellison’s legacy is that of a self-made billionaire who co-founded one of the world’s largest software companies. He is known for his vision and leadership in the tech industry and for his philanthropic efforts.

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Conclusion

Larry Ellison is a fascinating figure who has made a significant impact on the tech industry and the world of business. Despite his controversies and criticism, his contributions to the field of computer science and his philanthropic efforts cannot be denied.

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