Lawrence Joseph ELLISON

Primary Position Executive Chairman Age 71
Primary Company Oracle Birthday 17 Aug 1944
Estimated Net Worth At least $46.2 billion Residences Newport, Rhode Island, United States
Malibu, California, United States
Woodside, California, United States
Kyoto, Japan
Rancho Mirage, California, United States
San Francisco, California, United States
Incline Village, Nevada, United States
Lake Tahoe, California, United States
Source Self-Made
Hometown
New York, New York, United States
Religion Jewish
Ethnicity Caucasian
Alternative Names Larry Ellison
Marital Status Divorced

Biography

Native of New York City, New York. Born in 1944. Ellison attended South Shore High School and later studied at University of Illinois at Urbana-Champaign from 1962 to 1964, and the University of Chicago before dropping out. He started his career as a computer programmer for various companies including Fireman's Fund Insurance Company and Wells Fargo. In 1973, he joined Ampex as a Programmer. In 1976, he joined Precision Instruments, currently known as Omex, and served as Vice President of Research and Development. In 1977, Ellison and two of his Ampex colleagues, Edward Oates and Robert Miner, formed Software Development Laboratories (SDL), which engaged in the creation of contract programming for other companies. The company was later renamed Relational Software. He served as CEO. The trio won a two-year contract to build a relational database management system (RDBMS) for the Central Intelligence Agency (CIA). The project's code name was Oracle. With the growth of the company, it was renamed Oracle Systems Corporation, and later Oracle, in 1982. In 1986, the company went public. In 1990, Ellison restructured the company's management. In 1996, he co-founded Knowledge Universe, a holding company for a multinational conglomeration of companies in the field of education and training. In 2000, he co-founded New Internet Computer, which manufactures and sells network access machines for schools, businesses, government, and consumers. Oracle reportedly acquired PeopleSoft for a reported $10.3 billion in 2005; Siebel in 2006; BEA Systems in 2008; and Sun Microsystems for a reported $7.4 billion in 2010. Ellison has served as President, Chairman and CEO of Oracle. He is currently the Executive Chairman and Chief Technology Officer of Oracle. An avid yachtsman who founded sailing team BMW Oracle Racing that won the 2010 America's Cup. In 2012, he reportedly bought 98% of Lanai, a Hawaiian island. Ellison is also a major shareholder of NetSuite and has invested in the BNP Paribas Open; he also served as a Director of Apple.

Education History

Institution Name Qualification Name Education Type Start Date End Date
South Shore High School Diploma Diploma 1962
University of Chicago Dropped Out Undergraduate 1966
University of Illinois at Urbana-Champaign Dropped Out Undergraduate 1962 1964

Interesting Facts

In March 2013, Ellison reportedly put up his Lake Tahoe, California house for sale for $28 million. In July 2014, he reportedly sold one of his Lake Tahoe properties in Glenbrook, Nevada, for $20.35 million. The 9,242-square-foot main house, which Ellison spent three years remodeling, has six bedrooms, eight full bathrooms and one half bathroom, a soundproof screening room, a gym, a billiards room, a library and a sauna. The property also has a 1,326-square-foot two-bedroom, three-bathroom guesthouse.
In 2010, Ellison purchased sponsorship of the BNP Paribas Open, an annual tennis tournament which includes ATP Masters 1,000 and WTA premier mandatory event.
In January 2013, Ellison reportedly bought Hawaii-based inter island airline, Island Air. According to June 2013 media reports, Ellison is planning to acquire his second Hawaii-based airline, Go! Airlines, after buying most of the tropical island of Lanai in 2012. In November 2014, it was reported that Island Air had requested its pilots to return their $200,000 Christmas bonuses saying that the payments were made prematurely.
In June 2014, Oracle reportedly agreed to buy Columbia, Maryland-based information management solution and hospitality service provider Micros Systems in a deal valued at $5.3 billion. As part of the transaction, Oracle would offer $68 per share of Micros Systems. In July, Oracle raised $10 billion in a U.S. dollar-denominated corporate bond sale, which would help the company finance its acquisition of Micros Systems.
In February 2013, Oracle announced plans to buy network equipment manufacturer, Acme Packet, for a reported $2 billion. Acme Packet, a Bedford, Massachusetts-based company, produces and markets session border controllers (SBCs), multiservice security gateways (MSGs) and session routing proxies (SRPs), to speed up voice, video and data delivery across networks.
In 2013, Ellison's company, Oracle reportedly announced its technology partnership with SaaS and infrastructure companies Salesforce, Microsoft And NetSuite.
In July 2014, Ellison and his girlfriend, animal activist and philanthropist Nikita Kahn, hosted a fundraiser and raised $600,000 for the California Wildlife Center, a non-profit charitable organization that rescues and rehabilitates native wildlife in Southern California.
Ellison has reportedly committed to give away 95% of his wealth to charities by joining The Giving Pledge. He said, "Many years ago, I put virtually all of my assets into a trust with the intent of giving away at least 95% of my wealth to charitable causes. I have already given hundreds of millions of dollars to medical research and education, and I will give billions more over time. Until now, I have done this giving quietly - because I have long believed that charitable giving is a personal and private matter. So why am I going public now? Warren Buffett personally asked me to write this letter because he said I would be 'setting an example' and 'influencing others' to give. I hope he's right."
In an interview, Ellison's ex-wife Melanie said, "when she met Ellison, he ate eggs, ham and potatoes every morning. But because he had worked in Japan earlier in his career and enjoyed Japanese breakfasts on business trips, the two decided to start eating them at home."
In February 2014, Oracle reportedly bought Seattle, Washington-based cloud software company BlueKai for around $400 million. Oracle intended to extend its personalized marketing programs and customer experience through this acquisition deal.
In 2010, Germand Lurssen shipyard launched the 138-meter motor yacht named Rising Sun, which was designed by Jon Bannenberg. Ellison bought the Rising Sun in 2004. David Geffen joined Ellison as Co-Owner of Rising Sun; and in 2010, Ellison sold his entire Rising Sun ownership to Geffen, making Geffen the sole owner of the superyacht.
Ellison with two former Ampex colleagues Edward Oates and Robert Miner formed Software Development Laboratories in 1977; which was later renamed Oracle. Ellison currently serves as Executive Chairman and Chief Technology Officer. Robert Miner passed away in 1993 of lung cancer, caused by exposure to asbestos; and Edward Oates retired from Oracle in 1996; currently serves as Director at Auguri Corporation.
When Ellison was 9 months old, he was diagnosed with pneumonia. His mother, Florence, sent to him to Chicago to live with her aunt, Lillian, and uncle, Louis Ellison, who later adopted him. At age 12, Ellison learned that he was adopted. As a kid, Ellison was reported to have been independent with a rebellious streak, and often clashed with his adoptive father.
In an interview with CNBC, Ellison stated that he has plans to convert some of the homes into art museums and traced his interest in luxury homes to his childhood dream of being an architect.
Ellison is a descendant of Jewish immigrants from Europe. He changed his last name to Ellison in honor of New York City's Ellis Island.
In March 2014, Island Air reportedly signed a deal with Toronto, Canada-based aircraft maker Bombardier to purchase two 71-seater Bombardier Q400 NextGen turboprop planes for around $61 million with an option to buy four more, which would total the deal at $188 million. In reference to the deal Ellison reportedly said, "The Q400 NextGen aircraft is clearly the most suitable airliner for Island Air and will provide a superior passenger experience coupled with unbeatable performance." He also added, "My experience with Bombardier over the years has been nothing but positive which has further led to our selection of the Q400 NextGen aircraft for the next chapter of Island Air."
When Ellison established Software Development Laboratories (SDL), he reportedly came across "A Relational Model of Data for Large Shared Data Banks" by Edgar F. Codd, describing a concept Edgar had developed at IBM. Edgar's employers did not see any commercial potential in the concept of a Structured Query Language (SQL), but Ellison and his two partners, Ed and Robert, set to work developing and marketing a program based on Edgar's data-management theory; that won a two-year contract to build a relational database management system (RDBMS) for the Central Intelligence Agency (CIA); the project was codenamed Oracle.
In 1991, Ellison reportedly suffered from serious injuries while body surfing and mountain biking in Hawaii. He recovered from major surgery and continued to race his 78-foot yacht, Sayonara. In 1998, he won the Sydney to Hobart race, overcoming near-hurricane winds that sank five other boats and drowned six participants.
Ellison was named among the "Top 200 Art Collectors" by ArtNews in 2014 and 2015.
In September 2012, Ellison reportedly bought a Carbon Beach estate in Malibu, California for $36.9 million from former Yahoo! CEO, Terry Semel. The estate has a 151-foot long beach-front living space, nine bedrooms and thirteen bathrooms. In May 2013, Ellison was reported to have purchased at least 24 properties in Malibu, California, which includes 12 properties along Carbon Beach.
In 2010, Ellison reduced his annual base salary from $1 million to $1.
Steve Jobs, the late Co-Founder of Apple, was Ellison's best friend and reportedly best man at Ellison and Melanie's wedding.
In January 2013, he bought Island Air, a Hawaiian airlines operator, for an undisclosed amount through Ohana Airline Holdings. He sold a controlling interest in the airline operator in January 2016.
Wing & A Prayer, where Ellison is an Owner owns a 2011 Citation CJ4 business jet with the serial number 525C-0021 and registration number N417C. The company also owns a 2015 Gulfstream G-650 business jet with the serial number 6111 and registration number N817GS. The Wing Trust, an entity where Ellison is a Beneficiary owns a 40% of a 2005 Citation CJ3 business jet with the serial number 525B-0006 and registration number N525DE. Oracle Navigation, a subsidiary of Oracle owns a 2013 Challenger 605 business jet with the serial number 5934 and registration number N171CL. The company also owns a 2002 Global Express business jet with the serial number 9045 and registration number N17GX.
Ellison owns a 33-acre home inspired by the Japanese city of Kyoto. It has a man-made lake designed to be earthquake-proof. The structure was constructed in traditional Japanese style, without nails.
In March 2014, Ellison was reportedly named as the honoree of the 2nd annual "Rebels With a Cause gala," an event that benefits cancer research efforts of David B. Agus, M.D., the director of the USC Center for Applied Molecular Medicine and the USC Westside Cancer Center. Ellison was recognized for funding the USC Center for Applied Molecular Medicine for cancer research through the Ellison Medical Foundation.
During Ellison's final exams in his second year at the University of Illinois, his adoptive mother Lillian died, and he dropped out of school. He later enrolled at the University of Chicago, but dropped out again after the first semester. His adoptive father Louis had then thought he would never amount to anything, but the seemingly aimless Ellison had already learned the rudiments of computer programming while in Chicago.
In July 2013, he opened an Italian-Mediterranean restaurant named Nikita in Malibu, California. The restaurant was reportedly named after Ellison's girlfriend, Ukrainian actress Nikita Kahn.
Ellison made a cameo appearance in the 2010 film, Iron Man 2.
Ellison was a Speaker at the 133rd Commencement Day for graduates of the University of Southern California on 13 May 2016.
In February 2014, Ellison reportedly bought 21 resort residential properties near the Four Seasons Resorts Lanai at Manele Bay for more than $40 million. Pulama Lanai, formerly known as Lanai Resorts, an organization that looks after Ellison's on-island operations, had purchased Hotel Lanai from Lanai Hospitality Partners for an undisclosed amount in July. In September 2015, Ellison reportedly bought the Epiphany Hotel in Palo Alto, California from American hospitality company Joie de Vivre Hotels for more than $70 million.
Ellison's overall personal property reportedly has a total of around 100 bathrooms.
Ellison reportedly bought a 98% stake in Lanai island in the state of Hawaii for $300 million in 2012. He planned to make green energy more affordable and intended to convert it into "a laboratory for building the next generation two-way power grid, which will be a mix of photo-tech (solar), with a little bit of wind with a backup of liquefied natural gas." He called the island a "special case" that could be used "to demonstrate that green energy can be economical." The island is also a home for more than 400 feral cats rescued from dumps and other sites in the island.
Ellison attended a talk at Stanford University, California, where the late Nobel laureate Joshua Lederberg talked about artificial intelligence, which left him mesmerized. He then invited Lederberg to his estate in California, a visit that went so well that Ellison gave Lederberg the key to his estate insisting that he thought of it as his second home. Lederberg took him up on the offer and they soon became good friends. In 1997, Ellison and Lederberg together founded the Ellison Medical Foundation, which has benefited hundreds of biologists, three of whom have won Nobel Prizes.

Interests, Passion, Hobbies

Hobby Name Description
Philanthropy Joined Warren Buffett's Giving Pledge, agreeing to donate the majority of his fortune to charitable causes.
Boating - Yachts Reportedly owns a 287-foot yacht, Musashi. Previously owned a 454 foot superyacht "Rising Sun" which was sold to David Geffen in 2010 for $300 million.
Politics Generous political donor; lifetime giving exceeds $200,000.
Science Ellison was reportedly named science student of the year at the University of Illinois.
Animals - Horses Owns a horse farm at his 23-acre property in Woodside, California, modeled after a Japanese emperor's palace.
Vehicles - Cars Reportedly has a collection of cars which include an Acura NSX, Audi R8 and McLaren F1.
Aviation Has a pilot's license and owns or has direct access to private planes.
Mathematics From an early age, Ellison had shown a strong aptitude for mathematics and science.
Sports - Surfing Appears to enjoy body surfing.
Music - Guitars Reportedly enjoys playing the guitar.
Aviation - Private Jet Ellison reportedly flew a Mikoyan MiG-29 and an SIAI-Marchetti S-211. He was a fractional owner of a Gulfstream V.
Sports - Golf Reportedly owns a 19-hole golf course on his 240-acre Porcupine Creek estate at Rancho Mirage, California.
Boating - Sailing Ellison reportedly participated in several racing events. He operates BMW Oracle Racing, which won the America's Cup in 2010.
Sports - Basketball Ellison's favorite NBA team appears to be the Los Angeles Lakers; is said to also be a fan of the Golden State Warriors and the Chicago Bulls.
Real Estate Reportedly invests in super-luxury properties in prime locations, for which he was described by the Wall Street Journal as "the U.S.' most avid trophy-home buyer."
Sports - Cycling Reportedly likes mountain biking.
Art Ellison has a passion for art collecting. Especially interested in late 19th- and early 20th-century European art; ancient to early 20th-century Japanese art; reportedly has a collection of 500 Japanese art works, stored on a 23-acre Japanese style estate in Woodside, California.
Reading During breakfast, he reportedly reads the Financial Times of London daily.
Nightlife Ellison reportedly threw a party in San Francisco, California for the premiere of "The Wind Gods: 33rd America's Cup," a documentary, in May 2013.
Sports - Tennis Reportedly enjoys playing tennis; plays about five times a week at his residences in Malibu and Woodside, California. Bought a $100 million stake in tennis tournament BNP Paribas Open in 2009.
Architecture In an interview with CNBC, while Ellison was explaining his love for land and buildings, he said, "When I was a kid, the first thing I ever wanted to be was an architect. So I love building houses, remodeling houses, designing houses, converting houses."

Philanthropy

Giving Profile
Founder, CEO, President and Director of the Lawrence Ellison Foundation. In 2013, the foundation had assets exceeding $32 million and donated more than $50 million; primarily supports organizations that research aging and global infectious diseases. Major recipients include the American Federation for Aging Research, Massachusetts Institute of Technology, Jackson Laboratory, Marine Biological Laboratory, and Harvard Medical School, among others. The foundation also donated more than $1.7 million to Burnham Institute and $1.1 million to the Center for Blood Research for health-related caused; $1.8 million to the CDC Foundation for community development. Other recipients include Baylor College of Medicine, Beth Israel Deaconess Medical Center, California Institute of Technology, Mayo Clinic in Minnesota, Oak Ridge National Laboratory, and the Palo Alto Institute for Research and Education. Ellison is also a member of Warren Buffett's charity campaign, The Giving Pledge. In 2006, Ellison reportedly cancelled a $115 million donation to Harvard University after the President of the university stepped down. In January 2015, Ellison along with Peninsula Humane Society, a non-profit animal welfare organization based in California, reportedly planned to establish a wildlife breeding and rehabilitation center in Northern California aimed at helping endangered local species.

Clubs & Boards

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Known Associates

Total known associates: 111. Total known associates net worth: $40.4 billion. To view details, sign up for Wealth-X Professional or Contact Us.

Family Details

Political Interests

Party Affiliation Bipartisan Political Profile Generous political giver donates to both sides of the political aisle. Lifetime giving exceeds $4 million; recipients include: David Dreier, Gordon Smith, Kevin McCarthy, Marco Rubio and Orrin Hatch. Unclear if he is registered to vote. Between 2015 and 2016, Ellison donated $4 million to Conservative Solutions Political Action Committee supporting Marco Rubio's 2016 U.S. presidential campaign.