Larry Ellison billionaire and Oracle founder’s Net worth
| birth date | August 17, 1944 (78 years old) |
| Born in | Manhattan, New York, USA |
| nationality | Larry Ellison |
| Marital status | dating Nikita Kahn |
| Profession | entrepreneur, investor |
| Full name | Lawrence Joseph Ellison |
| Children | 2 (Megan, David) |
| size | 1.91 m |
| Founded | Oracle Corporation |
How rich is Larry Ellison?
Larry Ellison tops a number of rankings. Because with a fortune of 106.49 billion euros, he is clearly one of the richest people in the world . He is also the fourth richest man (after Bill Gates , Jeff Bezos and Mark Zuckerberg) in the technology sector and the seventh richest billionaire worldwide, even ranking fifth in the USA. The self-made billionaire had not even completed his studies at Chicago University. Nevertheless, Larry Ellison has made it to the top with an IT company Oracle, of which he is still CTO (shares around 28%). The native New Yorker, who has two children and has been divorced four times, now lives in Woodside, California. He also sits on the board of directors of Tesla and holds around 1.75 in the automaker from his friend Elon Musk . He is said to have bought over $1 billion worth of Tesla stock.
Surprising facts about Larry Ellison
Although Larry Ellison is known for his extravagant lifestyle, few people know that he was born in New York City to an unmarried mother and contracted severe pneumonia at the age of 9 months. As a result, his birth mother put little Larry up for adoption, and he was adopted by his great-aunt and uncle. Today’s billionaire did not see his birth mother again until he was a good 24 years old. Compared to Bill Gates, Larry Ellison also had a much harder time growing up and had no access to computers. It was only his second attempt to get a university degree that really immersed the billionaire in the world of computers.
The founding of Oracle
The smart entrepreneur founded his first company in 1977. Back then, he only invested 1,200 US dollars to set up Software Development Laboratories. The young company was able to celebrate its first successes with a project in which the company set up a database for the CIA over a period of two years. In 1982 the company was renamed and was henceforth known as Oracle Systems Corporation. In the 1990s, the billionaire who is so successful today was on the verge of going out, since Oracle almost went bankrupt. But apparently he could still make the jump. After all, Ellison is not only known for his bravery as an entrepreneur, but also as an extreme athlete. One of the richest people in the world has sustained numerous serious injuries from both surfing and mountain biking. When he broke his elbow multiple times in a bicycle accident at extremely high speeds, this led to Larry Ellison further expanding his social commitment.
Larry Ellison: bon vivant with expensive luxury yachts
An outpatient clinic named after him opened in 1998 and he donated an additional $5 million to a research center focused on bone and muscle health. But spectacular accidents aren’t the only things the billionaire has made headlines with. He is also responsible for one of the most expensive real estate deals in US history. In 2004, he bought five contiguous lots on Carbon Beach in Malibu, California for a whopping $65 million. In 2006, Forbes announced that Ellison had become the richest man in California. The fact that the entrepreneur voluntarily reduced his annual salary to just $1 in 2009 was also extraordinary. But Larry Ellison is far from being a poor man, as he is one of the largest shareholders at Oracle and also receives big bonuses. Larry Ellison’s life was always exciting.
The list of extraordinary facts about Larry Ellison’s life is much longer. After all , the billionaire was not only the proud owner of the largest yacht in the world in the past , he also owns a pilot ‘s license and two military jets . In addition, Ellison has married and divorced four times, with only two children from his numerous marriages. However, his second ex-wife may have made the biggest mistake of her life. She gave up her stake in Oracle for just $500. If she hadn’t, the Ellison ex would probably be a billionaire herself today.