Larry Ellison was born on 17 August 1944. His father was an Air Force pilot and spent most of his time traveling and flying and did not know he would become a father. After Larry's birth, he was diagnosed with pneumonia, and his mother decided to marry a relative in Chicago to adopt Larry, who was nine months old at the time. Larry was not seen again until he was 48 years old.
Larry left school at the University of Illinois after failing to attend the second-year exams because of the death of his adoptive mother. He later joined the University of Chicago but also left it after only one semester. In the 1970's, Larry got a job at Ambix. Hence, he came up with the idea of ??creating an Oracle program that he designed for US intelligence. He was unable to set up his own company to develop electronic software development programs until 1979.
The beginning of Larry Ellison
In 1977, Ellison and two of his colleagues developed software development labs, and soon obtained a contract to design a database management system - named Oracle - for the CIA. The company had fewer than 10 employees and revenues of less than $ 1 million per year. But after 1981, IBM decided to use the Oracle system, doubling the company's profits every year, and here Ellison decided to name it Oracle.
In 1986, Oracle announced the IPO (initial public offering), but some banking issues caused the collapse of most of the company's market value, Oracle has become on the verge of bankruptcy. However, after the elimination of the old administration and the renewal of the product cycle, Oracle's new products revolutionized the field, and by 1992 the company became a leader in database management.
Larry Bajara and his friend Steve Jobs met in a strange position; Larry went to his neighbor Steve Jobs's house to complain about one of Steve's troublesome animals that pierced Larry's garden and woke him up with her annoying voice. Steve said he did not like the animal, and the two agreed to try to convince Steve's girlfriend to get rid of the animal.
The achievements of Larry Ellison
In addition to working on his own ideas and projects, Larry worked as a manager at Apple Computers between 1997 and 2002. He was appointed after his friend Steve left the company. Larry's term in the company ended due to inappropriate scheduling of Board meetings.
One of the closest friends of Larry Mark Hurd, a former CEO of HP. In 2010, HP's management expelled Mark Hurd from office. Larry said at the time that the HP administration had made a huge mistake that had not happened since Apple's mistake with Steve Jobs. His friend Mark has been named as an Oracle manager.
In 2000, Larry won the title of the richest man in the world. In 2010 he was ranked sixth and in 2011 he rose to fifth place, then fell in 2012 to eighth place in the world, and third in the United States only after Bill Gates and Warren Buffett. The ranking was not as important as maintaining its place among the world's wealthiest.
In 2010, he was named Best Executive Director, raising the company's profits to $ 1.84 billion, according to Wall Street.
Until 2010, Ellison was the world's tenth-largest yacht, dubbed the "Established Sun", a large 453-foot yacht. The cost of this boat is more than US $ 200 million, consisting of 82 rooms spread over five floors. It also includes jacuzzi baths, gymnasium and spa, and cinema with plasma screen. There is also a basketball court and a helicopter landing site. The yacht now belongs to David Geoffen.
Ellison also has a few aircraft. The aircraft include both private aircraft and two fighter aircraft, including Sisi Marchi S. 211 and MiG 29. Ellison is one of the signatories to the pledge. It was a move to encourage the richest of the United States to commit to donating most of their wealth to charities and charities. Other people have signed the pledge, such as Bill Gates, Mark Zuckerberg and Warren Buffett. Over the years, Ellison has donated to countless charitable organizations. He has also donated millions of dollars to his belief in the importance of participation and has claimed to continue to do so over the years, both public and private, because charity is a personal matter.
In 2010, an Ellison yacht was overturned and was estimated at $ 8 million in San Francisco Bay during its sailing. But the crew gathered parts of it and turned it into a small racing plane used for entertainment only. It still looks more like a boat than an airplane.
The money saves Larry Ellison luxury to get some incredibly expensive cars. Ellison has outperformed real estate and land, buying 98 per cent of Hawaii's sixth largest island, Lannay Island. Although the exact purchase price is unknown, the asking price at the time was between $ 500 and $ 600 million.
Larry Ellison is the eighth-richest man in the world with a net profit of $ 55.1 billion, according to Bloomberg.