Larry Ellison, co-founder and chairman of the software company Oracle Corporation, is the second-oldest American president.the richest person In the world. CNBC, The Economic Times And according to other reports, Oracle's shares rose 20 percent in September, increasing Ellison's personal wealth by $8.1 billion (roughly Rs. 67,798 crores) to a total of $206 billion (roughly Rs. 17,24,268 crores). American businessman-entrepreneur Leaving behind the founder of Amazon Jeff BezosRanked second on the Forbes richest people list, his net worth is estimated at $203 billion (roughly Rs. 16,99,193 crores).
according to CNBCOracle's wealth soared thanks to the software company's role in the artificial intelligence boom. Below, we take a look at Larry Ellison's early life, education, career accomplishments, and more.
Larry Ellison, chairman of the Rs 4 lakh crore software company, has surpassed Jeff Bezos to become the second richest person in the world. Know about his staggering net worth, assets and other details
Early life and education Alison was born on August 17, 1944. New York CityAfter attending South Shore High School in Chicago, Larry Ellison enrolled at the University of Illinois, Urbana-Champaign. However, he dropped out of medical school after his sophomore year due to the death of his adoptive mother. In 1966, he studied physics and mathematics at the University of Chicago, where he was introduced to computer design. He then moved to Berkeley, CaliforniaWhere he started his career as a programmer.
Livelihood
After spending some time at Amdahl Corporation, Ellison joined Ampex Corporation, where he worked on a project called Oracle for the CIA. In 1977, he started his own company with two partners with an investment of $2,000 (approximately Rs. 1,67,408) and named it Software Development Laboratories (SDL). A few years later, he renamed the company to Relational Software Inc. In 1979, he released a version of the Oracle database and renamed the company to Oracle Systems Corporation.
Achievements
When Oracle bought NetSuite for $9.3 billion (roughly Rs. 77,844 crores), Ellison owned 35 percent of NetSuite, helping him add $3.5 billion (roughly Rs. 29,296 crores) to his personal wealth. In 2018, Ellison joined Tesla's board of directors after buying 3 million shares. However, he left the company. Elon MuskBut he still owns 1.4 percent of Tesla's shares and 42.9 percent of Oracle Corporation's shares.
Expensive property
Apart from running a successful software company, Larry Ellison has also been actively involved in sports such as tennis and sailing. Business InsiderThe Oracle founder owns a yacht-racing team. He also owns a 288-foot-long yacht called Musashi. He has also invested his wealth in aircraft, owning two military jets – a Soviet MiG-29 and an Italian Air Force SIAI-Marchetti S.211. Ellison's vast real estate portfolio includes Lanai, an island in Hawaii, a luxurious property Japan According to the same report, he also owns an expensive house in Silicon Valley.
