Larry Ellison is a famous name in the tech world. He is the co-founder of Oracle Corporation. Oracle is a giant software company. Larry Ellison’s net worth is huge. People want to know more about him and how he got so rich. This article will give you all the details.
Who is Larry Ellison?
Larry Ellison was born on August 17, 1944. He grew up in Chicago. His full name is Lawrence Joseph Ellison. He was raised by his aunt and uncle. Larry did not finish college. He dropped out and moved to California. There, he started working on computer projects.
Early Career
Larry Ellison started his career by working for different companies. He worked at Amdahl Corporation and Ampex Corporation. At Ampex, he met two people. These two people would become his future partners. They are Robert Miner and Ed Oates.
Founding Oracle Corporation
In 1977, Larry Ellison, Robert Miner, and Ed Oates founded a company. This company was called Software Development Laboratories (SDL). In 1979, they changed the name to Relational Software Inc. Finally, in 1982, the name was changed to Oracle Systems Corporation. The company focused on database management systems.
Credit: www.celebritynetworth.com
Oracle’s Success
Oracle became very successful. The company made a lot of money. They created the first commercial SQL database. Many big companies used Oracle’s database software. This made Larry Ellison very rich. Oracle continued to grow and expand. They bought other companies and added more products.
Credit: www.forbes.com
Larry Ellison’s Net Worth
Larry Ellison’s net worth is very high. He is one of the richest people in the world. As of 2023, his net worth is around $110 billion. This number can change. It depends on the stock market and other factors.
| Year | Net Worth |
|---|---|
| 2010 | $28 billion |
| 2015 | $54 billion |
| 2020 | $70 billion |
| 2023 | $110 billion |
How Larry Ellison Spends His Money
Larry Ellison has a lot of money. He spends it on many things. He loves to buy luxury properties. He has homes in different parts of the world. He also owns a private island in Hawaii. This island is called Lanai. He bought it for $300 million.
Larry Ellison also loves yachts. He owns several big yachts. One of his yachts is called Rising Sun. It is one of the biggest yachts in the world. Larry Ellison likes to sail and have fun on his yachts.
Larry Ellison is also interested in sports. He owns a tennis tournament. This tournament is called the Indian Wells Masters. He also loves sailing. He has a sailing team called Oracle Team USA. They have won the America’s Cup.
Philanthropy
Larry Ellison is also a philanthropist. He gives money to different causes. He signed The Giving Pledge. This pledge means he will give away most of his wealth. He supports medical research and education. He also gives money to help fight diseases.
Interesting Facts
- Larry Ellison dropped out of college twice.
- He named Oracle after a CIA project.
- He has a pilot’s license and loves flying.
- He is a fan of Japanese culture and architecture.
Frequently Asked Questions
What Is Larry Ellison’s Net Worth?
Larry Ellison’s net worth is approximately $107 billion as of 2023.
How Did Larry Ellison Make His Money?
Larry Ellison made his money by founding Oracle Corporation, a leading software and technology company.
Is Larry Ellison One Of The Richest People?
Yes, Larry Ellison is among the top 10 richest people in the world.
Conclusion
Larry Ellison is a very rich and interesting person. He built Oracle from the ground up. His net worth is one of the highest in the world. He spends his money on luxury items and philanthropy. Larry Ellison’s story is inspiring. He shows that hard work can lead to great success.
