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Larry Ellison Net Worth,Career,Wife

Larry Ellison Net Worth

Larry Ellison Image

Celebrity Name:Larry Ellison
Real Name:Lawrence Joseph Ellison
Gender:Male
Age:77 years old
Date Of Birth:17 August, 1944
Birth Place:Th Bronx, New York, United States
Marital Status:Divorced
Profession:Investor, Entrepreneur, Philanthropist, Businessman
Net Worth in 2022:$120 Billion

Larry Ellison Net Worth

Larry Ellison is an American entrepreneur, investor, and philanthropist. Larry Ellison is the chief technology officer and co-founder of Oracle Corporation. He owns around a 35% stake in the company. He served as CEO of Oracle until 2014. Larry Ellison is the 7th richest person in the world. In the early ‘90s, he was the richest person in the world.

Larry Ellison net worth is $120 billion.

Early life

Larry Ellison’s real name is Lawrence Joseph Ellison. He was born on 17th August 1944, in Manhattan, New York, United States, to an unwed mother. His biological father was an Italian American pilot. At 9, he was diagnosed with pneumonia. Under those circumstances, her mother decided to leave and he was adopted by his uncle and aunt. He didn’t see his biological mother again until he was 48.

Larry attended South Shore High School in Chicago. He attended the University of Illinois at Urbana-Champaign, enrolled as a pre-med student, and was also named science student of the year. He didn’t appear in final year exams because his adoptive mother had just died. After one year, he studied physics and mathematics at the University of Chicago. Despite attending two universities he never graduated.

Career

In 1970, he joined Amdahl Corporation. He later joined Ampex corporation. One of his projects was creating a database for the CIA, the database was named Oracle. He was inspired by a paper written by Edgar F. Codd in RDBMS called A Relational Model of Data for a Large Shared Data Bank. In 1977, he founded a company with two partners, named Software Development Laboratories. In 1979, the company was renamed Relational Software Inc. after the release of the Oracle database the company was renamed Oracle Systems Corporation. In 1990, the company’s sales were going down, it was losing money, and the company laid off 10% of its workforce. Larry Ellison’s net worth dropped from $500 million to $150 million.

1997- 2002, he was Director of Apple computers. In 2006, according to Forbes, he became the richest person in California. In 2010 Oracle acquired Sun Microsystems. By this acquisition, Oracle received control of the most popular MySQL open-source database. In 2010 he became the sixth richest person in the world with an estimated net worth of $28 billion. In 2016 Oracle bought NetSuite for $9.3 billion and Ellison owns over 35% of NetSuite.

In 2018 Larry Ellison bought around 3 million shares of Tesla Inc. which is around 1.7% of the company. Eventually, Larry Ellison became on the board of directors of the company. In 2020, his3 million shares became 15 million after the company did a  stock split of 5-1.

Larry Ellison is the founder of “The Ellison Medical Foundation” he has donated more than $700 million to different charities and foundations.

In 2010, Larry Ellison signed the Giving Pledge.

He made a cameo in Iron Man 2.

Also read: Jack Dorsey Net Worth

Awards and Achievements

In 1997 Ellison receive the Golden Plate Award from the American Academy of Achievement. He was also named Entrepreneur of the Year.In 2009, he received the first Rebel with a Cause Award.

Personal Life

Larry Ellison married four times.

In 1967, Larry Ellison married Adda Quinn, they divorced in 1974.

Nancy Wheeler Jenkins from 1977-1978

Barbara Boothe from 1983 to 1986, the couple have two children, David and Megan.

Melanie Craft from 2003 to 2010.

He is a licensed pilot, he owns many aircraft. He also owns two Military jets, SIAI Marchetti S.211 and MiG29.

Earnings

Larry Ellison is a tennis enthusiast who owns the Indian Wells Tennis Garden. He is a collector. He owns many exotic cars including Audi R8, McLaren F1, Acura MDX, and Lexus LFA.

Larry Ellison’s net worth is $130 billion. He made more than $16 million from dividend and stock sales. Larry Ellison’s Salary is $75 million. He owns 22% of Oracle and 1.7% of Tesla. He owns many properties in prime locations including Japan, Malibu, San Francisco, Hawaii, Rhode Island, and Lake Tahoe. He stays at a 45-acre estate in California that costs over $200 million.

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