Last Updated: 07 Aug, 2023 | Views: 541
Profession: Business Men
Other Profession(s): Investor
Famous For: Cofounder And Ceo Of Oracle Corporation.
Higher Education: University of Chicago
Net Worth: $103 billion
Lawrence Joseph Ellisonis a prominent American businessman and investor who co-founded the computer technology company Oracle Corporation and served as its chief technology officer (CTO), executive chairman, and former CEO. He was ranked as the ninth-wealthiest person in the world as of September 2022 by the Bloomberg Billionaires Index, with an estimated net worth of $93 billion. Furthermore, Ellison owns 98% of the island Lanai, the sixth largest in the Hawaiian chain.He initially learned about computer design at the University of Chicago, where he examined physics and mathematics after summer vacations of 1966 in California. He relocated to Berkeley, California, at the age of 22 in 1966.
In 1970:Ellison began working for Ampex Corporation after working for Amdahl Corporation for a brief period.
In 1977:With two partners and a $2,000 investment—of which $1,200 belonged to him—he created Software Development Laboratories (SDL).
In 1997:Ellison was appointed to the board of directors of Apple Computer after Steve Jobs rejoined the company.
In 2018:Ellison purchased 3 million shares of Tesla, Inc. and was appointed to the company's board of directors.
In 2019:Ellison holds 1.7% of Tesla stock and 36.2% of Oracle Corporation's shares.
Achievements and Awards:
In 1997:Ellison was presented with the American Academy of Achievement's Golden Plate Award.
In 2013:He was inducted into the Hall of Fame of Bay Area Business.
In 2020:It is estimated that Ellison has a net worth of $66.8 billion, making him the seventh wealthiest person in the world.
When Oracle was almost bankrupt in the early 1990s, Ellison almost lost everything.
In 1997, he was admitted to the Academy of Achievement, a living history museum in Washington.