Larry Ellison is the co-founder and chairman of Oracle Corporation
@Founder of Oracle, Timeline and Family
Larry Ellison is the co-founder and chairman of Oracle Corporation
Larry Ellison born at
Ellison has been married 4 times. His first marriage was with Adda Quinn (1967-74); second to Nancy Wheeler Jenkins (1977-78), then to Barbara Boothe (1983-86) and had two children: David and Megan, and fourth to Melanie Craft (2003-2010).
Larry Ellison was born in New York City to an unmarried teen mother of Jewish heritage. He developed pneumonia when he was 9 months old, which is why his mother gave him to her aunt and uncle for adoption.
He was brought up on the south side of New York City and did not know until 12 that he was adopted. He attended the Eugene Field Elementary School in Chicago and later went to Sullivan High School.
His adoptive father, Louis Ellison, had a small real estate business in Chicago but lost all of that during the Great Depression. Young Ellison did not go along very well with him as he was distant and unaccommodating.
Although Ellison was raised in a religious household and often attended synagogue but he grew up to become a religious skeptic who did not believe in the conventional religious dogmas. He refused to have a bar mitzvah celebration when he was 13.
Ellison enrolled at the University of Illinois but dropped out of college when his adoptive mother passed away. Later he went to the University of Chicago but soon dropped out of there too.
After dropping out of the university, Ellison, during 1970s, started working with the Ampex Corporation. He worked to develop databases, in particular for CIA; a program that he named ‘Oracle’.
In 1977, Ellison founded his own company under the name of ‘Software Development Laboratories (SDL)’. He started it with two other partners and invested about 2000 US dollars in it, initially.
In the late ‘70s and early ’80, Ellison renamed his company as ‘Relational Software Inc.’, which went on to become ‘Oracle Systems Corporation’, named after its patent invention ‘Oracle’ database.
He wanted his creation Oracle to achieve compatibility with the newly formed IBM System Inc., which was like Oracle based on Codd’s theories, but IBM refused to share System R’s code.
In 1990, Oracle started losing money in the business and laid off about 10% of its working staff. This situation emerged due to Oracle’s marketing techniques.
Ellison’s most important work of his career is considered to be his invention of ‘Oracle’ database, which led to the foundation of his company, ‘Oracle Systems Corporation. This has made him the third richest businessman in America.
Lawrence Joseph ‘Larry’ Ellison is an American businessman, best known as the co-founder and CEO of multi-billion dollar software company, ‘Oracle Corporation’. He was a university dropout who was highly inclined towards the newly developing computer design system and in pursuit of success moved to California from Chicago. He started out by developing databases for CIA and quickly escalated to the idea of forming his own company, after developing the database ‘Oracle’. He co-founded ‘Software Development Laboratories’, which later came to be known as ‘Oracle Corporation’, with an initial investment of $2000. The company grew in the software market progressively since its foundation and with a fortune of about $ 52 billion Ellison is the third richest man in America. It is inspiring to note how a person with such a difficult childhood and youth, who was abandoned by his biological mother, never knew his biological father and was raised by an adoptive father who was distant and critical of him, achieved such great heights in life. Ellison is a man who achieved brilliance against all odds because of his courage, talent, strong ideas and hard work.
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Birthday | August 17, 1944 |
Nationality | American |
Famous | Founder of Oracle, Billionaires, College Dropouts, Philanthropists, Poorly Educated, University Of Chicago, University Of Illinois, Business People, IT & Software Entrepreneurs, ESFP |
Spouses | Adda Quinn (m. 1967–1974), Barbara Boothe (m. 1983–1986), Melanie Craft (m. 2003–2010), Nancy Wheeler Jenkins (m. 1977–1978) |
Known as | Lawrence Joseph Ellison |
Childrens | David Ellison, Megan Ellison |
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Founder / Co-Founder |
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Birth Place | Manhattan, New York |
Religion | Jewish |
Height | 191cm |
Gender | Male |
Father | Louis Ellison |
Mother | Florence Spellman, Lillian Ellison |
Net Worth | $54.9 billion as of Mar 15,2017 |
Sun Sign | Leo |
Born in | Manhattan, New York |
Famous as | Founder of Oracle |