Larry Ellison | Putiton – The Exclusive Business Platform

Lawrence Joseph Ellison, born on August 17, 1944, is an American entrepreneur and businessman renowned for co-founding the software giant Oracle Corporation. Serving as Oracle's CEO from 1977 to 2014, Ellison currently holds the positions of chief technology officer and executive chairman.

As of June 2024, Ellison ranks as the ninth-wealthiest individual globally, with an estimated net worth of $137 billion according to the Bloomberg Billionaires Index, and the fifth-wealthiest according to Forbes, estimating his wealth at $152 billion. Beyond his business ventures, Ellison is notable for his ownership of 98% of Lānaʻi, the sixth-largest island in the Hawaiian Islands.

Larry Ellison was born to an unwed Jewish mother and was adopted by his aunt and uncle in Chicago. He grew up in a middle-class neighborhood, displaying an early interest in science and technology. Ellison attended the University of Illinois at Urbana-Champaign but dropped out after his second year. He moved to California and held various odd jobs before discovering his passion for computer programming.

Ellison's interest in computers led him to pursue programming courses and jobs in the field. He worked at different companies, gaining experience in computer technology and software development. This experience laid the foundation for his future endeavors in founding Oracle Corporation and shaping the enterprise software industry.

Larry Ellison co-founded Oracle Corporation in 1977, alongside Bob Miner and Ed Oates. Initially, the company focused on developing a relational database management system (RDBMS), which became known as Oracle Database. Under Ellison's leadership as CEO, Oracle grew rapidly, expanding its product offerings to include enterprise software solutions, cloud computing services, and data management technologies.

Throughout his tenure as CEO, Ellison guided Oracle through numerous strategic acquisitions, including PeopleSoft, Siebel Systems, and Sun Microsystems, which significantly expanded Oracle's market presence and technological capabilities. His aggressive acquisition strategy and emphasis on innovation cemented Oracle's position as a leading provider of enterprise software and cloud solutions.

In 2014, Ellison stepped down as CEO of Oracle and assumed the role of executive chairman and chief technology officer (CTO). As CTO, he continued to influence Oracle's technological direction and product development initiatives. Under his leadership, Oracle expanded its cloud computing services, competing with industry giants like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud.

Larry Ellison's legacy in the technology industry is marked by his visionary leadership, technological innovation, and strategic foresight. He transformed Oracle Corporation from a small startup into a global powerhouse, pioneering advancements in database technology and enterprise software solutions. Ellison's influence extends beyond Oracle, as he has played a pivotal role in shaping the evolution of cloud computing and data management practices worldwide.

Looking ahead, Ellison remains actively involved in Oracle's strategic initiatives and technological advancements as executive chairman and CTO. His focus on expanding Oracle's cloud infrastructure and integrating emerging technologies, such as artificial intelligence (AI) and machine learning, underscores his commitment to maintaining Oracle's competitive edge in the digital age.

Ellison's impact extends beyond business and technology. He is known for his philanthropic efforts, particularly in healthcare research and education. His contributions to medical research, through the Ellison Medical Foundation, and educational initiatives reflect his commitment to making a positive difference in society.

1. "Lawrence J. Ellison – Executive Biography". Oracle. Archived from the original on July 8, 2015. Retrieved July 17, 2015.
2. "Bloomberg Billionaires Index: Larry Ellison". Bloomberg. Archived from the original on December 16, 2023. Retrieved November 5, 2023.
3. "The world's real-time billionares". Forbes. Archived from the original on February 11, 2022. Retrieved March 14, 2024.