Top Ten Richest Man Aug 2022 | Larry Ellison

Headlines Today

Subpoenaed Oracle Corp founder Larry Ellison in its legal battle to make Elon Musk complete his proposed $44 billion purchase of the social media company. Last week the company subpoenaed an official of a trust Ellison controls that committed $1 billion to Musk’s proposed buyout. Now the company has notified Delaware Chancery Court that it has subpoenaed Ellison himself.

Larry Ellison , CEO, Co-founder – Oracle Corporation.
Net Worth $106 Billion (Forbes)
Family Name   Lawrence Joseph Ellison
Born                 August 17, 1944 
                         New York City, U.S.
Education       University of Illinois , Urbana- Champaign (no degree) University of Chicago (no degree)
Occupation     Businessman, Investor.
Title               Co-founder, executive chairman and CTO  of Oracle Corporation.

Quick Summary

Now we are going ahead to talk about the person who is the sixth richest man in the world.

Lawrence Joseph Ellison or Larry Ellison.

Lawrence Joseph Ellison or Larry Ellison is an American business magnate and investor. As of August 9, 2022, he was listed by Bloomberg Millionaires Index as the sixth-wealthiest person in the world, with an estimated fortune of $106 billion. The Rich Man Ellision is the co-founder, executive chairman, chief technology officer (CTO) and former chief executive officer (CEO) of the American computer technology company Oracle Corporation Ellison is also known for his 98% ownership stake in Lanai, the sixth-largest island in the Hawaiian Archipelago.

Born, Childhood and Education

Larry Ellison was born on August 17, 1944 in New York City, by an unwed mother. She was a Jewish. His biological father was an Italian-American United State Army Air Corps pilot.

After Ellison contracted pneumonia when he was only nine months, his mother gave him to her aunt and uncle for adoption. Till age of 48 he did not meet his biological mother again.

Ellison moved to Chicago then a middle-class neighborhood. He remembers his adoptive mother as warm and loving, in contrast to his austere, unsupportive, and often distant adoptive father, who had chosen the name Ellison to honor his point of entry into the United StatesEllis Island. Louis Ellison was a government employee who had made a small fortune in Chicago real estate, only to lose it during the huge depression.

Although Ellison was raised in a Reform Jewish home by his adoptive parents, who attended synagogue regularly, he remained a religious skeptic. At age thirteen, Ellison refused to have a bar mitzvah celebration. Ellison states: “While I think I am religious in one sense, the particular dogmas of Judaism are not dogmas I subscribe to. I don’t believe that they are real. They’re interesting stories. They’re interesting mythology, and I certainly respect people who believe these are literally true, but I don’t. I see no evidence for this stuff. Ellison says that his fondness for Israel is not connected to religious sentiments, but rather due to the innovative spirit of Israelis in the technology sector. Ellison attended South Shore High School in Chicago and later was admitted to University of Illinois at Urbana Champaign  and was enrolled as a premed student. At the university, he was named science student of the year. He withdrew without taking final exams after his sophomore year, because his adoptive mother had just died. After spending the summer of 1966 in California, he then attended the University of Chicago  for one term, where he studied physics and mathematics, and also first encountered Computer design. In 1966, aged 22, he moved to Berkeley, California.

Early Career and Oracle

Larry Ellison lecturing at the Oracle Open World, San Francisco 2010

While working at Ampex in the early 1970s, he became influenced by Edgar F. Codd’s research on relational database design for IBM. That led in 1977 to the formation of the company which later became Oracle. Oracle became a successful database vendor to mid- and low-range systems, later competing with Sybase (founded 1984) and Microsoft SQL Setver (a port of Sybase created in 1989) which led to Ellison being listed by Forbes as one of the richest people in the world.

In his early years at Oracle, Ellison was named an Award Recipient in the High Technology Category for the Ernst and Young Entrepreneur of the Year Program in 1993.

As of June 2020, Ellison is said to be the seventh wealthiest person in the world, with a net worth of $66.8 billion.

As of July 2022, Ellison is said to be the fourth wealthiest person in the world, with a net worth of $97.8 billion.

Personal & Married Life

Ellison has been married and divorced four times.

  • Adda Quinn from 1967 to 1974.
  • Nancy Wheeler Jenkins from 1977 to 1978. They married six months before Ellison founded Software Development Laboratories. In 1978, the couple divorced. Wheeler gave up any claim on her husband’s company for $500.
  • Barbara Boothe from 1983 to 1986. Boothe was a former receptionist at Relational Software Inc. (RSI). They had two children, David Ellison and Megan Ellison, who are film producers at Skydance Media and Annapurna Pictures, respectively.

Melanie Craft, a romance novelist, from 2003 to 2010. They married on December 18, 2003, at his Woodside estate. Ellison’s friend Steve Jobs, former CEO and co-founder of Apple Inc., was the official wedding photographer, and Representative Tom Lantos officiated. They divorced in 2010.

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