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Larry Ellison

Born August 17, 1944 (1944-08-17) (age 63)
Manhattan, New York, USA
Occupation Co-founder and CEO, Oracle Corporation
Net worth ▲ $25. Events 986 - A Byzantine army was destroyed in the pass of Trajan's Gate by the Bulgarians under the Comitopuli Year 1944 ( MCMXLIV) was a Leap year starting on Saturday (link will display full calendar of the Gregorian calendar. Manhattan Island, in New York Harbor, is much the largest part of the Borough of Manhattan, one of the Five Boroughs which form the City of New York New York ( is a state in the Mid-Atlantic and Northeastern regions of the United States and is the nation's third most populous A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator Oracle Corporation ( specializes in developing and marketing Enterprise software products — particularly Database management systems In 2007 Oracle ranked 0 billion USD Forbes (2008)
Website
Ellison at Oracle. Forbes is an American Publishing and media company Its flagship publication Forbes magazine is published bi-weekly com

Lawrence "Larry" Joseph Ellison (born August 17, 1944) is an American entrepreneur and the co-founder and CEO of Oracle Corporation, a major enterprise software company. Events 986 - A Byzantine army was destroyed in the pass of Trajan's Gate by the Bulgarians under the Comitopuli Year 1944 ( MCMXLIV) was a Leap year starting on Saturday (link will display full calendar of the Gregorian calendar. The United States of America —commonly referred to as the A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator Oracle Corporation ( specializes in developing and marketing Enterprise software products — particularly Database management systems In 2007 Oracle ranked Enterprise software is Software intended to solve an enterprise problem (rather than a departmental problem and often written using an Enterprise Software Architecture He is currently listed on Forbes list of billionaires as the 14th richest person in the world. Forbes is an American Publishing and media company Its flagship publication Forbes magazine is published bi-weekly A billionaire is a person who has a Net worth of at least one billion units of currency such as United States dollars ( USD /US$ U [1]

Contents

Early life

Ellison was born in New York City to Florence Spellman, a 19-year-old unwed Jewish mother. The City of New York At his mother's request, he was given to his mother's aunt and uncle in Chicago to raise. Lillian Spellman Ellison and Louis Ellison adopted him when he was nine months old. Ellison did not learn the name of his mother or meet her until he was 48; the identity of his father is unknown.

The Ellison home was a two-bedroom apartment in Chicago's South Shore neighborhood, populated mostly with lower middle class Jews. Neighborhoods Jackson Park Jackson Park is a 500 acre (2 km² park on Chicago's South Side bordering Lake Michigan and the neighborhoods of Hyde Park In developed nations across the earth the lower middle class, is a sub-division of the greater Middle class which constitutes by far the largest socio-economic class PLEASE TAKE NOTE************ Ellison remembers his adoptive mother as warm and loving, in contrast to his austere, unsupportive, and often distant adoptive father, a Russian Jew from the Crimea who adopted the name Ellison to honor his point of entry into the USA, Ellis Island, as well as to conceal his Jewish ancestry. Russia (Россия Rossiya) or the Russian Federation ( Rossiyskaya Federatsiya) is a transcontinental Country extending PLEASE TAKE NOTE************ Crimea (kraɪˈmiːə or the Autonomous Republic of Crimea (Крим Автономна Республіка Крим Avtonomna Respublika Krym; Крым Ellis Island, at the mouth of the Hudson River in New York Harbor Louis was a modest government employee who had made a small fortune in Chicago real estate, only to lose it during the Great Depression.

Ellison was a bright but inattentive student. He left the University of Illinois at Urbana-Champaign at the end of his second year, after not taking his final exams because his adoptive mother had just died. This article is about the flagship campus For other uses and locations of University of Illinois, see University of Illinois (disambiguation The University of After spending a summer in Northern California where he lived with his friend Chuck Weiss, he attended the University of Chicago for one term, where he first encountered computer programming. Northern California is the northern portion of the US state of California. Charles Weiss (goes by Chuck and more recently Chas is an American Software designer and one of the first employees of Oracle Corporation, having joined in 1982 The University of Chicago is a Private university located principally in the Hyde Park neighborhood of Chicago. At 20 years of age, he moved to northern California permanently.

Personal life

Ellison has been married four times. [2] His first three marriages ended in divorce. He was married to Adda Quinn, between 1967 and 1974. He was married to Nancy Wheeler Jenkins between 1977 and 1978. From 1983 to 1986, he was married to Barbara Boothe, with whom he had two children, a son, Dave, and a daughter.

On 18 December 2003, Ellison married Melanie Craft, a romance novelist and Oberlin grad, at his Woodside estate. His friend, Apple Computer CEO Steve Jobs, was the official wedding photographer. Events 218 BC - Second Punic War: Battle of the Trebia - Hannibal 's Carthaginian forces defeat those of the Year 2003 ( MMIII) was a Common year starting on Wednesday of the Gregorian calendar. Melanie Craft Ellison (born 1969 is an American Novelist, who married Oracle CEO Larry Ellison in December 2003 A romance novel is a literary Genre developed in Western culture, mainly in English-speaking countries Oberlin College is a private Liberal arts college in Oberlin Ohio. Apple Inc, ( formerly Apple Computer Inc, is an American Multinational corporation with a focus on designing and manufacturing Consumer electronics Steven Paul Jobs (born February 24 1955 is the Co-founder, Chairman, and CEO of Apple Inc and former CEO of Pixar Animation A photographer is a person who takes a Photograph using a Camera.

Career

During the 1970s, Ellison worked for Ampex Corporation. Ampex ( is an American electronics company founded in 1944 by Alexander M One of his projects was a database for the CIA, which he named "Oracle". A Computer Database is a structured collection of records or data that is stored in a computer system near as long as it used to be several months ago It has been actively summarized and split into sub-articles and there is a dynamic talk page discussion of all

Ellison was inspired by the paper written by Edgar F. Codd on relational database systems named "A Relational Model of Data for Large Shared Data Banks. Edgar Frank "Ted" Codd ( August 23, 1923 – April 18, 2003) was a British computer scientist who while working A database management system ( DBMS) is Computer software designed for the purpose of managing Databases DBMSes may use any of a variety of Data models " He founded Oracle in 1977, putting up a mere $2000 of his own money, under the name Software Development Laboratories (SDL). In 1979, the company was renamed Relational Software Inc. , later renamed Oracle after the flagship product Oracle database. Oracle Database (commonly referred to as Oracle RDBMS or simply Oracle) is a Relational database management system (RDBMS produced and marketed by He had heard about the IBM System R database, also based on Codd's theories, and wanted Oracle to be compatible with it, but IBM made this impossible by refusing to share System R's code. International Business Machines Corporation abbreviated IBM and nicknamed "Big Blue", is a multinational Computer Technology IBM System R is a Database system built as a research project at IBM San Jose Research (now IBM Almaden Research Center) in the 1970s The initial release of Oracle was Oracle 2; there was no Oracle 1. The release number was intended to imply that all of the bugs had been worked out of an earlier version.

In 1990, Oracle laid off 10% (about 400 people) of its work force because of a mismatch between cash and revenues. This crisis, which almost resulted in Oracle's bankruptcy, came about because of Oracle's "up-front" marketing strategy, in which sales people urged potential customers to buy the largest possible amount of software all at once. The sales people then booked the value of future license sales in the current quarter, thereby increasing their bonuses. This became a problem when the future sales subsequently failed to materialize. Oracle eventually had to restate its earnings twice, and also to settle out of court class action lawsuits arising from its having overstated its earnings. In Law, a class action or a representative action is a form of Lawsuit where a large group of people collectively bring a claim to court Ellison would later say that Oracle had made "an incredible business mistake. "

Although IBM dominated the mainframe relational database market with its DB2 and SQL/DS database products, it delayed entering the market for a relational database on UNIX and Windows operating systems. This left the door open for Sybase, Oracle, and Informix (and eventually Microsoft) to dominate mid-range and microcomputers.

Around this time, Oracle fell behind technically to Sybase. Sybase Inc ( is an enterprise software and services company exclusively focused on managing and mobilizing information In 1990-1993, Sybase was the fastest growing database company and the database industry's darling vendor, but soon fell victim to its merger mania. For the 1970 book see Merger Mania. The term " merger mania " is used as in financial and law journals to describe a period of high Sybase's 1993 merger with PowerSoft resulted in a loss of focus on its core database technology. In 1993, Sybase sold the rights to its database software running under the Windows operating system to Microsoft Corporation, which now markets it under the name "SQL Server. Microsoft Corporation is an American multinational Computer technology Corporation, which rose to dominate the Home computer "

In 1994, Informix Software overtook Sybase and became Oracle's most important rival. Informix is a family of Relational database management system (RDBMS products by IBM. The intense war between Informix CEO Phil White and Ellison was front page Silicon Valley news for three years. Ultimately, Oracle defeated Informix in 1997. In the same year, Ellison was made a director of Apple Computer after Steve Jobs came back to the company. Apple Inc, ( formerly Apple Computer Inc, is an American Multinational corporation with a focus on designing and manufacturing Consumer electronics Steven Paul Jobs (born February 24 1955 is the Co-founder, Chairman, and CEO of Apple Inc and former CEO of Pixar Animation Ellison resigned in 2002, saying that he did not have the time to attend necessary formal board meetings. In November of 2005, a book detailing the war between Oracle and Informix was published. "The Real Story of Informix Software and Phil White" provides a detailed chronology of the battle of Informix against Oracle, and how Informix Software's CEO Phil White landed in jail because of his obsession to overtake Ellison.

Once Informix and Sybase were defeated, Oracle enjoyed years of industry dominance until the rise of Microsoft's SQL Server in the late 90s and IBM's acquisition of Informix Software in 2001 to complement their DB2 database. Today Oracle's main competition for new database licenses on UNIX, Linux, and Windows operating systems is with IBM's DB2, the open source database MySQL (bought by Sun in 2008), and with Microsoft SQL Server (which only runs on Windows). IBM's DB2 still dominates the mainframe database market.

In 2005, Oracle paid Ellison a $975,000 salary, a $6,500,000 bonus, and other compensation of $955,100. [3]

Forbes listed Ellison's 2005 net worth as $18. Forbes is an American Publishing and media company Its flagship publication Forbes magazine is published bi-weekly 4 billion, making him one of the richest people in America, and the ninth richest man in the world. This list of the 100 wealthiest people is a list of the world's 100 wealthiest people as of February 11 2008, based on each person's total net worth For a short period in 2000, Ellison was the richest man in the world[4]. In 2006, Forbes ranked Ellison as the richest Californian[5]. In interviews, Ellison notes that his actual wealth — money that he is realistically free to spend — is more like $2 billion, and that if he tried to sell all of his Oracle stock, its price would fall to zero. Ellison also owns large stakes in both Salesforce. com and NetSuite.

Lifestyle

Being one of the world's wealthiest persons, Ellison is known for his extravagant lifestyle.

Boats

Ellison is the second largest financier of BMW Oracle Racing, which unsuccessfully competed to be selected as the challenger for the 2007 America's Cup on behalf of the Golden Gate Yacht Club of San Francisco. BMW Oracle Racing is an American sailboat racing syndicate initially formed to compete in the 2003 America’s Cup under the name Oracle. Challenger selection - Louis Vuitton Cup 2007 See also Louis Vuitton Cup 2007 In preparation for the 2007 America's Cup there were a series of regattas leading The City and County of San Francisco is the fourth most populous city BMW Oracle Racing was the Challenger of Record for the 2007 America's Cup in Valencia, Spain until eliminated from the 2007 Louis Vuitton Cup challenger selection series in the semi-finals. BMW Oracle Racing is an American sailboat racing syndicate initially formed to compete in the 2003 America’s Cup under the name Oracle. Challenger selection - Louis Vuitton Cup 2007 See also Louis Vuitton Cup 2007 In preparation for the 2007 America's Cup there were a series of regattas leading Valencia ( Valencian: València, Valencia Spanish phonology --> is the capital of the Spanish autonomous Spain () or the Kingdom of Spain (Reino de España is a country located mostly in southwestern Europe on the Iberian Peninsula. Final The Finals of the 2007 Louis Vuitton Cup pitted Luna Rossa Challenge against Emirates Team New Zealand. Oracle Corporation does not provide any financial support to BMW Oracle Racing but grants permission for use of its logo and branding. BMW Oracle Racing is an American sailboat racing syndicate initially formed to compete in the 2003 America’s Cup under the name Oracle.

Oracle Racing also participated in the challenger selection series for the 2003 America's Cup but was defeated in the final of the 2003 Louis Vuitton Cup. The America’s Cup is the most prestigious Regatta and Match race in the sport of Sailing, and the oldest active Trophy in international See also America's Cup The Louis Vuitton Cup is one of the most famous and prestigious

Ellison won the 1998 Sydney to Hobart Yacht Race in his yacht "Sayonara". Year 1998 ( MCMXCVIII) was a Common year starting on Thursday (link will display full 1998 Gregorian calendar) For the current edition of the Sydney to Hobart Yacht Race see 2007 Sydney to Hobart Yacht Race. A storm that broke out during the race cost 6 sailors (none from the Sayonara) their lives, an experience that led Ellison to swear off personal participation in ocean racing.

Ellison owns the fifth largest yacht in the world named "Rising Sun" which reportedly cost over US$200 million to build. This is a list of the world's longest motor Luxury yachts in order of their length A yacht is a recreational boat It designates two rather different classes of Watercraft, sailing and power yachts Rising Sun is a huge yacht designed by the late Jon Bannenberg, and built by Germany's Lürssen, is currently co-owned by Larry Ellison Rising Sun is 452. 75ft (138 m) long.

Cars

Ellison owns many exotic cars including an Audi R8 and a Bentley Continental Flying Spur among others.

Private jet

Ellison is a certified pilot and has owned several unusual aircraft, including fighter jets. Ellison has been cited several times by the City of San Jose for violating its limits on late night takeoffs and landings from San Jose Mineta International Airport by planes weighing more than 75 000 pounds (34 019 kg). Noise mitigation is a set of strategies to reduce Noise pollution. Norman Y Mineta San José International Airport in Santa Clara County, California, United States. San Jose granted him a personal waiver from these regulations in 2001.

Home

Ellison styled his estimated $200 million Woodside, California estate after feudal Japanese architecture, complete with a man-made 2. Woodside (pop 5352 is a small incorporated town in San Mateo County, California, United States, on the San Francisco Peninsula. 3 acre lake and the most extensive seismic retrofit available with current technology ( 37°24′44.34″N, 122°14′51.40″W). See also Earthquake engineering Seismic retrofitting is the modification of existing structures to make them more resistant to seismic activity, In 2004 and 2005, Ellison purchased more than 12 properties in Malibu, California worth more than $180 million. Malibu is an incorporated city in western Los Angeles County, California, United States. The $65 million Ellison spent on five contiguous lots on Malibu's Carbon Beach was the most costly residential transaction in United States history until Ron Perelman sold his Palm Beach, Florida, compound for $70 million later that same year, according to industry writer Jeffrey Bellamar. Ronald Owen Perelman (born January 1 1943 is an American billionaire Investor who made his fortune buying beleaguered corporations and re-selling them later for enormous Palm Beach is an upscale Incorporated town in Palm Beach County, Florida, United States. His entertainment system cost $1 million, and included a rock concert-sized video projector at one end of a drained swimming pool and turned the gaping hole into a giant subwoofer[6].

Sports

Ellison has been rebuffed in his attempts to buy the Golden State Warriors and the San Francisco 49ers. The Golden State Warriors are an American professional Basketball team based in Oakland, California. The San Francisco 49ers are a professional American football team He is now pursuing ownership of a potential future NFL franchise in Los Angeles. The National Football League ( NFL) is the largest professional American football league. Los Angeles (lɑˈsændʒələs los ˈaŋxeles in Spanish) is the largest City in the state of California and the American West

Charitable Donations

References

References

  1. ^ http://www.forbes.com/lists/2008/10/billionaires08_Lawrence-Ellison_JKEX.html
  2. ^ IMDB bio
  3. ^ Definitive Proxy Statement
  4. ^ Gates loses title as world's richest man - CNET News.com
  5. ^ The 400 Richest Americans - Forbes.com
  6. ^ Wired 10.11: Power Houses

External links

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