Larry Ellison
{{short description|American businessman and entrepreneur (born 1944)}}
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{{Use American English|date=March 2015}}
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{{Infobox person
| name = Larry Ellison
| image = Larry Ellison - American AI investment (2).png
| caption = Ellison in 2025
| birth_name = Lawrence Joseph Ellison
| birth_date = {{birth date and age|1944|8|17}}
| birth_place = New York City, U.S.
| education = {{ubl|University of Illinois, Urbana-Champaign (no degree)|University of Chicago (no degree)}}
| occupation = {{hlist|Businessman|investor}}
| title = Co-founder, executive chairman and CTO of Oracle Corporation{{cite web |url=http://www.oracle.com/us/corporate/press/executives/ellison/index.html |title=Lawrence J. Ellison – Executive Biography |publisher=Oracle |access-date=July 17, 2015 |archive-date=July 8, 2015 |archive-url=https://web.archive.org/web/20150708103632/http://www.oracle.com/us/corporate/press/executives/ellison/index.html |url-status=live}}
| spouse = {{plainlist|1=
- {{marriage|Adda Quinn|1967|1974|end=div}}
- {{marriage|Nancy Wheeler Jenkins|1977|1978|end=div}}
- {{marriage|Barbara Boothe|1983|1986|end=div}}
- {{marriage|Melanie Craft|2003|2010|end=div}}
- {{marriage|Nikita Kahn| |2020|end=div}}
- {{marriage|Jolin (Keren) Zhu|2023|}}
}}
| children = {{plainlist|1=
}}
}}
Lawrence Joseph Ellison (born August 17, 1944) is an American businessman and entrepreneur who co-founded software company Oracle Corporation. He was Oracle's chief executive officer from 1977 to 2014 and is now its chief technology officer and executive chairman.
As of February 4, 2025, Ellison is the fourth-wealthiest person in the world, according to Bloomberg Billionaires Index, with an estimated net worth of US$194 billion,{{cite news |title=Bloomberg Billionaires Index: Larry Ellison |website=Bloomberg |url=https://www.bloomberg.com/billionaires/profiles/lawrence-j-ellison/ |access-date=November 14, 2023 |archive-date=December 16, 2023 |archive-url=https://web.archive.org/web/20231216135438/https://www.bloomberg.com/billionaires/profiles/lawrence-j-ellison/ |url-status=live }} and the fourth-wealthiest person in the world according to Forbes, with an estimated net worth of $211 billion.{{cite news |title=The world's real-time billionares |website=Forbes |url=https://www.forbes.com/real-time-billionaires |access-date=March 14, 2024 |archive-date=February 11, 2022 |archive-url=https://web.archive.org/web/20220211234232/https://www.forbes.com/real-time-billionaires/ |url-status=live }} Ellison is also known for his ownership of 98% of Lānaʻi, the sixth-largest island in the Hawaiian Islands.{{Cite news |url=https://www.nytimes.com/2014/09/28/magazine/larry-ellison-island-hawaii.html |title=Larry Ellison Bought an Island in Hawaii. Now What? |newspaper=The New York Times |date=September 23, 2014 |last1=Mooallem |first1=Jon |access-date=January 23, 2021 |archive-date=March 19, 2021 |archive-url=https://web.archive.org/web/20210319221718/https://www.nytimes.com/2014/09/28/magazine/larry-ellison-island-hawaii.html |url-status=live }}
Early life and education
Ellison was born on August 17, 1944, in New York City to Florence Spellman, an unwed Jewish mother.{{cite web |work=Jspace |url=http://www.jspace.com/news/articles/the-jewish-billionaires-of-forbes/8044 |title=The Jewish Billionaires of Forbes |date=March 14, 2012 |access-date=March 7, 2014 | archive-url=https://web.archive.org/web/20120328103300/http://www.jspace.com/news/articles/the-jewish-billionaires-of-forbes/8044 | archive-date=March 28, 2012}}{{cite news |url=http://www.jpost.com/Jewish-World/Jewish-Features/The-worlds-50-Richest-Jews-1-10 |title=The world's 50 Richest Jews: 1–10 |newspaper=The Jerusalem Post |date=September 7, 2010 |access-date=July 20, 2013 |archive-date=January 21, 2018 |archive-url=https://web.archive.org/web/20180121083239/http://www.jpost.com/Jewish-World/Jewish-Features/The-worlds-50-Richest-Jews-1-10 |url-status=live}}{{cite news |url=https://money.cnn.com/magazines/fortune/fortune_archive/2000/11/13/291560/index.htm |newspaper=Fortune |title=The Next Richest Man in the World Larry Ellison is a very lucky guy: He has more money than anyone—except Bill Gates |first1=Andy |last1=Serwer |first2=Julia |last2=Boorstin |first3=Jessica |last3=Sung |publisher=CNN |access-date= August 3, 2020 |archive-date= September 24, 2020 |archive-url= https://web.archive.org/web/20200924134745/https://money.cnn.com/magazines/fortune/fortune_archive/2000/11/13/291560/index.htm |url-status= live}}{{sfn|Symonds|Ellison|2004|pp=332-33}} His biological father was an Italian-American United States Army Air Corps pilot. After Ellison contracted pneumonia at the age of nine months, his mother gave him to her aunt and uncle for adoption.{{sfn|Symonds|Ellison|2004|pp=332-33}} He did not meet his biological mother again until he was 48.{{cite web |first=Justin |last=Rohrlich |url=http://www.minyanville.com/businessmarkets/articles/oracle-ibm-ellison-ampex-sdl-billionaire/11/18/2009/id/25369 |title=Rags To Riches CEOs: Larry Ellison |publisher=Minyanville.com |access-date= March 10, 2011 |date=November 18, 2009 |df=mdy-all |archive-date= September 30, 2011 |archive-url= https://web.archive.org/web/20110930164322/http://www.minyanville.com/businessmarkets/articles/oracle-ibm-ellison-ampex-sdl-billionaire/11/18/2009/id/25369 |url-status= live}}
Ellison moved to Chicago's South Shore, then a primarily Jewish middle-class neighborhood.{{Cite web |last=Gourtsilidou |first=Maria |date=2021-06-01 |title=Profile: Larry Ellison – The billionaire who owns nearly all of Hawaiian island Lanai |url=https://ceoworld.biz/2021/06/01/profile-larry-ellison-the-billionaire-who-owns-nearly-all-of-hawaiian-island-lanai/ |access-date=2023-04-18 |website=CEOWORLD magazine |language=en-US |archive-date=April 18, 2023 |archive-url=https://web.archive.org/web/20230418233555/https://ceoworld.biz/2021/06/01/profile-larry-ellison-the-billionaire-who-owns-nearly-all-of-hawaiian-island-lanai/ |url-status=live }} He remembers his adoptive mother, Lillian Spellman Ellison,{{Cite encyclopedia |title=Larry Ellison {{!}} Biography, Oracle, & Facts |encyclopedia=Britannica |url=https://www.britannica.com/biography/Larry-Ellison |access-date=2023-04-18 |language=en |archive-date=October 15, 2020 |archive-url=https://web.archive.org/web/20201015213628/https://www.britannica.com/biography/Larry-Ellison |url-status=live }} 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 States, Ellis Island. Louis Ellison was a government employee who had made a small fortune in Chicago real estate, only to lose it during the Great Depression.{{sfn|Symonds|Ellison|2004|pp=332-33}}
Although Ellison was raised in a Reform Jewish home by his adoptive parents, who attended synagogue regularly, he remained a religious skeptic. At age 13, Ellison refused to have a bar mitzvah celebration.Symonds and Ellison, [https://books.google.com/books?id=OOYb-0DNG18C&q=jewish&pg=PA110 pp. 19–20] {{Webarchive|url=https://web.archive.org/web/20160516193027/https://books.google.com/books?id=OOYb-0DNG18C&pg=PA110&lpg=PA110&dq=&source=bl&ots=fy6EWUqJSt&sig=pDxV5AhFxrOlLZygnCVz6bud0jI&hl=en&sa=X&ei=fYiAT5vsAufX0QHIjJmBCA&ved=0CFoQ6AEwCA%23v=onepage&q=jewish&f=false#v=snippet&q=jewish&f=false |date=May 16, 2016 }} 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."{{Cite book |last=Wilson |first=Mike |title=The Difference Between God and Larry Ellison: *God Doesn't Think He's Larry Ellison |publisher=Harper Business |year=2003 |isbn=978-0060008765 |page=19 |quote=Larry was a religious skeptic from the beginning. The Ellisons, who were Jewish, attended synagogue regularly—"and dragged me along" he said. "While I think I'm religious in one sense, the particular dogmas of Judaism are not dogmas I subscribe to. I don’t believe that they're real. They're interesting stories, they're wonderful mythology, and I certainly respect people who believe that these are literally true, but I don't. . . . I see no evidence for this stuff." To please his parents, Ellison tried to study the Torah, to no avail. "I couldn’t make myself do it. ... I lost interest. My mind wandered in four seconds. It was an impossibility," he said.}} 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.{{sfn|Symonds|Ellison|2004|p=389}}
Ellison attended South Shore High School in Chicago{{sfn|Symonds|Ellison|2004|p=508}} and later was admitted to University of Illinois at Urbana–Champaign and was enrolled as a pre-med student.{{sfn|Symonds|Ellison|2004|p=508}} At the university, he was named science student of the year.{{Cite book |last=Virk |first=Azhar Saleem |title=Inspiration from Lives of Famous People |date=February 2003 |publisher=iUniverse |isbn=9780595268245 |page=384}}{{Cite book |last=Drexler |first=Kateri M. |title=Icons of Business: Jeff Bezos |year=2007 |publisher=Greenwood Publishing Group |isbn=9780313338632 |page=515}} 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{{sfn|Symonds|Ellison|2004|p=508}} and also first encountered computer design. He then moved to Berkeley, California, and began his career as a computer programmer for different companies.
Early career and Oracle
= 1977–1994 =
During the 1970s, after a brief stint at Amdahl Corporation, Ellison began working for Ampex Corporation. His first project included a database for the CIA, code-named "Oracle".{{Cite web |last=Hartmans |first=Avery |title=The life and career of Oracle's Larry Ellison, who went from college drop-out to jet-setting playboy and 7th-richest person in the world |url=https://www.businessinsider.com/rise-of-oracle-founder-larry-ellison-2017-1 |access-date=2023-04-18 |website=Business Insider |language=en-US |archive-date=April 18, 2023 |archive-url=https://web.archive.org/web/20230418233555/https://www.businessinsider.com/rise-of-oracle-founder-larry-ellison-2017-1 |url-status=live }}{{Cite web |last1=Schofield |first1=Jack |last2=Brockes |first2=Emma |date=28 April 2000 |title=Welcome to Larryland |url=https://www.theguardian.com/g2/story/0,3604,215072,00.html |access-date=2024-11-28 |website=The Guardian}} Ellison was inspired by a paper written by Edgar F. Codd on relational database systems called "A Relational Model of Data for Large Shared Data Banks".{{cite journal |last=Codd |first=E. F. |title=A relational model of data for large shared data banks |journal=Communications of the ACM |date=June 1970 |volume=13 |issue=6 |pages=377–387 |doi=10.1145/362384.362685 |s2cid=207549016 |doi-access= free}} In 1977, he founded Software Development Laboratories (SDL) with two partners and an investment of $2,000; $1,200 of the money was his.{{Cite web |date=2015-11-25 |title=The Rise (and Rise) of Larry Ellison |work=Maxim |url=https://www.maxim.com/maxim-man/larry-ellison-profile-2015-11/ |access-date=2024-02-01 |language=en-US |archive-date=February 1, 2024 |archive-url=https://web.archive.org/web/20240201231020/https://www.maxim.com/maxim-man/larry-ellison-profile-2015-11/ |url-status=live }}
In 1979, the company renamed itself Relational Software, Inc. (RSI). Ellison had heard about the IBM System R database, also based on Codd's theories, and wanted Oracle to achieve compatibility with it, but IBM made this impossible by refusing to share System R's error codes.{{Cite web |last= |date=2021-07-06 |title=How Oracle Got Started |url=https://financhill.com/blog/investing/how-oracle-got-started |access-date=2024-04-30 |website=Financhill |language=en-US}} The initial release of the Oracle Database in 1979 was called Oracle version 2; there was no Oracle version 1.{{cite web |url=http://cs-exhibitions.uni-klu.ac.at/index.php?id=403 |title=Oracle V2 |publisher=Cs-exhibitions.uni-klu.ac.at |date= |accessdate=2022-02-27 |archive-date=September 30, 2019 |archive-url=https://web.archive.org/web/20190930122821/http://cs-exhibitions.uni-klu.ac.at/index.php?id=403 |url-status=dead}} In 1983, the company officially became Oracle Systems Corporation after its flagship product. In 1990, Oracle laid off 10% of its workforce (about 400 people) because it was losing money.{{cite web |title=Larry J. Ellison Biography and Interview |website=achievement.org |publisher=American Academy of Achievement |url=https://www.achievement.org/achiever/larry-j-ellison/#interview|access-date=April 12, 2019|archive-date=February 23, 2019|archive-url=https://web.archive.org/web/20190223071616/http://www.achievement.org/achiever/larry-j-ellison/#interview|url-status=live}} This crisis, which almost resulted in the company's bankruptcy, came about because of Oracle's "up-front" marketing strategy, in which sales people urged potential customers to buy the largest possible amount of software all at once. The sales people then booked the value of future license sales in the current quarter, thereby increasing their bonuses. This became a problem when the future sales subsequently failed to materialize. Oracle eventually had to restate its earnings twice, and had to settle class-action lawsuits arising from its having overstated its earnings. Ellison would later say that Oracle had made "an incredible business mistake".{{cite web |last=Gilbert |first=Alorie |title=Oracle cuts rewards for last-minute deals |url=https://www.cnet.com/uk/news/oracle-cuts-rewards-for-last-minute-deals/ |website=CNET |access-date= December 31, 2016 |date=June 20, 2002 |df=mdy-all |archive-date= December 31, 2016 |archive-url= https://web.archive.org/web/20161231170721/https://www.cnet.com/uk/news/oracle-cuts-rewards-for-last-minute-deals/ |url-status= live}}
Although IBM dominated the mainframe relational database market with its DB2 and SQL/DS database products, it delayed entering the market for a relational database on Unix and Windows operating systems. This left the door open for Sybase, Oracle, Ingres, Informix, and eventually Microsoft to dominate mid-range systems and microcomputers. Around this time, Oracle fell behind Sybase. From 1990 to 1993, Sybase was the fastest-growing database company and the database industry's darling vendor, but soon it fell victim to merger mania. Sybase's 1996 merger with Powersoft resulted in a loss of focus on its core database technology. In 1993, Sybase sold the rights to its database software running under the Windows operating system to Microsoft Corporation, which now markets it under the name "SQL Server".
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.{{cite news |first=Drake |last=Martinet |url=http://allthingsd.com/20110627/larry-ellison-has-one-and-now-11-more-entrepreneurs-do-too/ |title=Larry Ellison Has One, and Now 11 More Entrepreneurs Do, Too |publisher=All Things Digital |date=June 27, 2011 |access-date= April 13, 2015 |archive-date= July 3, 2011 |archive-url= https://web.archive.org/web/20110703144153/http://allthingsd.com/20110627/larry-ellison-has-one-and-now-11-more-entrepreneurs-do-too/ |url-status= live}}
= 1994–2010 =
File:Larry Ellison on stage.jpg
In 1994, Informix overtook Sybase and became Oracle's most important rival. The intense war between Informix CEO Phil White and Ellison was front-page Silicon Valley news for three years. In April 1997, Informix announced a major revenue shortfall and earnings restatements. Phil White eventually landed in jail, and IBM absorbed Informix in 2001. Also in 1997, Ellison was made a director of Apple Computer after Steve Jobs returned to the company. Ellison resigned in 2002. With the defeat of Informix and of Sybase, Oracle enjoyed years of industry dominance until the rise of Microsoft SQL Server in the late 1990s and IBM's acquisition of Informix Software in 2001 to complement their DB2 database. {{As of | 2013 }} Oracle's main competition for new database licenses on UNIX, Linux, and Windows operating systems comes from IBM's DB2 and from Microsoft SQL Server. IBM's DB2 still dominates the mainframe database market.
In 2005, Ellison agreed to settle a four-year-old insider-trading lawsuit by offering to pay $100 million to charity in Oracle's name.{{cite news |last=McMillan |first=Robert |date=September 12, 2005 |title=Ellison to settle insider trading suit |publisher=InfoWorld.com |agency=IDG News Service |url=http://www.infoworld.com/t/business/ellison-settle-insider-trading-suit-149 |url-status=live |access-date=October 28, 2012 |archive-url=https://web.archive.org/web/20130223123531/http://www.infoworld.com/t/business/ellison-settle-insider-trading-suit-149 |archive-date=February 23, 2013}}
In 2005, Oracle Corporation paid Ellison a $975,000 salary, a $6,500,000 bonus, and other compensation of $955,100.{{cite web |url=https://www.sec.gov/Archives/edgar/data/777676/000119312505177313/ddef14a.htm |title=Definitive Proxy Statement |publisher=Securities and Exchange Commission |access-date= June 4, 2013 |archive-date= November 12, 2012 |archive-url= https://web.archive.org/web/20121112073954/http://www.sec.gov/Archives/edgar/data/777676/000119312505177313/ddef14a.htm |url-status= live}} In 2007, Ellison earned a total compensation of $61,180,524, which included a base salary of $1,000,000, a cash bonus of $8,369,000, and options granted of $50,087,100.{{cite web |url=http://www.equilar.com/CEO_Compensation/ORACLE_CORP_Lawrence_J._Ellison.php |title=Executive Compensation: Lawrence J. Ellison, Oracle (ORCL) 2007 Annual Comp. |publisher=Equilar |archive-url= https://web.archive.org/web/20090208211428/http://equilar.com/CEO_Compensation/ORACLE_CORP_Lawrence_J._Ellison.php |archive-date= February 8, 2009}} In 2008, he earned a total compensation of $84,598,700, which included a base salary of $1,000,000, a cash bonus of $10,779,000, no stock grants, and options granted of $71,372,700.{{cite web |url=http://www.equilar.com/CEO_Compensation/Oracle_Lawrence_J._Ellison.php |title=Executive Compensation: Lawrence J. Ellison, Oracle (ORCL) 2008 Annual Comp. |publisher=Equilar |archive-url= https://web.archive.org/web/20090414092334/http://www.equilar.com/CEO_Compensation/Oracle_Lawrence_J._Ellison.php |archive-date= April 14, 2009}} In the year ending May 31, 2009, he made $56.8 million.{{cite news |title=Oracle CEO's base pay cut to $1 |date=August 22, 2009 |page=B3 |newspaper=Los Angeles Times |url=https://www.latimes.com/archives/la-xpm-2009-aug-22-fi-briefs22.s5-story.html |access-date= December 23, 2014 |archive-date= April 4, 2014 |archive-url= https://web.archive.org/web/20140404153252/http://articles.latimes.com/2009/aug/22/business/fi-briefs22.S5 |url-status= live}} In 2006, Forbes ranked him as the richest Californian.{{cite news |url=https://www.forbes.com/profile/larry-ellison/ |title=Larry Ellison |newspaper=Forbes |access-date= May 27, 2020 |archive-date= January 31, 2018 |archive-url= https://web.archive.org/web/20180131145538/https://www.forbes.com/profile/larry-ellison/ |url-status= live}} In April 2009, after a tug-of-war with IBM and Hewlett-Packard, Oracle announced its intent to buy Sun Microsystems.{{cite news |first=Timothy Prickett |last=Morgan |title=Sun proxy details its dating game |url=https://www.theregister.co.uk/2009/05/12/suns_three_suitors |newspaper=The Register |date=May 12, 2009 |access-date=June 23, 2009 |archive-date=May 15, 2009 |archive-url=https://web.archive.org/web/20090515154057/http://www.theregister.co.uk/2009/05/12/suns_three_suitors/ |url-status=live}} On July 2, 2009, for the fourth year in a row, Oracle's board awarded Ellison another 7 million stock options.{{cite web |url=http://www.siliconbeat.com/2009/07/13/here-we-go-again-oracles-ellison-gets-more-options |title=Here We Go Again: Oracle's Ellison Gets More Options |publisher=Siliconbeat.com |date=July 13, 2009 |access-date=June 4, 2013 |archive-date=November 5, 2013 |archive-url=https://web.archive.org/web/20131105013010/http://www.siliconbeat.com/2009/07/13/here-we-go-again-oracles-ellison-gets-more-options/ |url-status=live}} On August 22, 2009, it was reported that Ellison would be paid only $1 for his base salary for the fiscal year of 2010, down from the $1,000,000 he was paid in fiscal 2009.{{cite web |url=https://money.cnn.com/2013/11/01/technology/enterprise/larry-ellison-pay/ |title=Oracle shareholders say 'no' to Larry Ellison's pay |publisher=CNN |date=November 1, 2013 |access-date=March 10, 2011 |archive-date=November 8, 2013 |archive-url=https://web.archive.org/web/20131108044141/http://money.cnn.com/2013/11/01/technology/enterprise/larry-ellison-pay |url-status=live}}
= 2010–present =
The European Union approved Oracle's acquisition of Sun Microsystems on January 21, 2010, and agreed that Oracle's acquisition of Sun "has the potential to revitalize important assets and create new and innovative products".{{cite news |url=https://www.theguardian.com/technology/2010/jan/22/oracle-sun-microsystems |newspaper=The Guardian |title=Oracle prepares to complete Sun takeover |first=Bobbie |last=Johnson |date=January 22, 2010 |access-date= May 7, 2010 |archive-date= September 9, 2013 |archive-url= https://web.archive.org/web/20130909082827/http://www.theguardian.com/technology/2010/jan/22/oracle-sun-microsystems |url-status= live}} The Sun acquisition also gave Oracle control of the popular MySQL open source database, which Sun had acquired in 2008.{{cite news |last=Dignan |first=Larry |url=https://www.zdnet.com/article/sun-acquires-mysql-adds-to-its-software-stack/ |title=Sun acquires MySQL; Adds to its software stack |work=ZDNet |date=January 16, 2008 |access-date= October 7, 2011 |archive-date= February 13, 2012 |archive-url= https://web.archive.org/web/20120213055125/http://www.zdnet.com/blog/btl/sun-acquires-mysql-adds-to-its-software-stack/7611 |url-status= live}} On August 9, 2010, Ellison denounced Hewlett-Packard's board for firing CEO Mark Hurd, writing that: "The HP board just made the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago." (Ellison and Hurd were close personal friends.){{cite news |url=https://www.nytimes.com/2010/08/10/technology/10hewlett.html |newspaper=The New York Times |title=Oracle Chief Faults H.P. Board for Forcing Hurd's Resignation |first=Ashlee |last=Vance |author-link=Ashlee Vance |date=August 9, 2010 |access-date= February 25, 2017 |archive-date= June 7, 2012 |archive-url= https://web.archive.org/web/20120607195246/http://www.nytimes.com/2010/08/10/technology/10hewlett.html?_r=1 |url-status= live}} Then on September 6, Oracle hired Mark Hurd as co-president alongside Safra Catz. Ellison remained in his current role at Oracle.{{cite web |url=https://techcrunch.com/2010/09/06/oracle-hires-former-hp-ceo-mark-hurd-as-co-president |title=Oracle Hires Former HP CEO Mark Hurd As Co-President |website=TechCrunch |date=September 6, 2010 |access-date= June 25, 2017 |archive-date= September 20, 2017 |archive-url= https://web.archive.org/web/20170920093202/https://techcrunch.com/2010/09/06/oracle-hires-former-hp-ceo-mark-hurd-as-co-president/ |url-status= live}}
In March 2010, the Forbes list of billionaires ranked Ellison as the sixth-richest person in the world and as the third-richest American, with an estimated net worth of over $28 billion. On July 27, 2010, The Wall Street Journal reported that Ellison was the highest-paid executive in the last decade, collecting a total compensation of US$1.84 billion.{{cite news |url=https://www.wsj.com/articles/SB10001424052748703724104575379680484726298?KEYWORDS=oracle |work=The Wall Street Journal |title=Oracle's Ellison: Pay King |first=Scott |last=Thurm |date=July 27, 2010 |access-date= August 8, 2017 |archive-date= December 6, 2017 |archive-url= https://web.archive.org/web/20171206085359/https://www.wsj.com/articles/SB10001424052748703724104575379680484726298?KEYWORDS=oracle |url-status= live}} In September 2011, Ellison was listed on the Forbes list of billionaires as the fifth richest man in the world and was still the third richest American, with a net worth of about $36.5 billion. In September 2012, Ellison was again listed on the Forbes list of billionaires as the third richest American citizen, behind Bill Gates and Warren Buffett, with a net worth of $44 billion. In October 2012, he was listed just behind David Hamilton Koch as the eighth richest person in the world, according to the Bloomberg Billionaires Index.{{cite web |title=Bloomberg Billionaires Index |access-date= October 31, 2012 |url=http://topics.bloomberg.com/bloomberg-billionaires-index/ |publisher=Bloomberg LP |url-status= dead |archive-url= https://web.archive.org/web/20121214085457/http://topics.bloomberg.com/bloomberg-billionaires-index/ |archive-date= December 14, 2012 |df=mdy-all}} Ellison owns stakes in Salesforce.com, NetSuite, Quark Biotechnology Inc. and Astex Pharmaceuticals.{{cite magazine |via=Associated Press |url=https://www.wired.com/techbiz/media/news/2005/10/69420 |title=Ellison's Fractured Friendships |magazine=Wired |date=October 30, 2005 |access-date= March 10, 2011 | archive-url= https://web.archive.org/web/20080516051949/http://www.wired.com/techbiz/media/news/2005/10/69420 |archive-date =May 16, 2008}}{{cite news |first=Bonnie Azab |last=Powell |url=http://www.bonniepowell.com/ellison.html |title=Being Larry Ellison |work=Business Week |publisher=Bonniepowell.com |archive-url= https://web.archive.org/web/20040203051718/http://www.bonniepowell.com/ellison.html |archive-date= February 3, 2004 |issue=July/August 2001}} In June 2012, Ellison agreed to buy 98 percent of the Hawaiian island of Lānaʻi from David Murdock's company, Castle & Cooke. The price was reported to be between $500 million and $600 million.{{cite news |first1=Don |last1=Clark |first2=Ben |last2=Worthen |url=https://www.wsj.com/articles/SB10001424052702304898704577479293757609000 |title=Larry Ellison to Buy Island in Hawaii |newspaper=The Wall Street Journal |date=June 20, 2012 |access-date= August 8, 2017 |archive-date= August 7, 2017 |archive-url= https://web.archive.org/web/20170807005443/https://www.wsj.com/articles/SB10001424052702304898704577479293757609000 |url-status= live}} In 2013, according to The Wall Street Journal, Ellison earned $94.6 million.{{cite news |url=http://www.capital.fr/carriere-management/actualites/les-grands-patrons-de-mieux-en-mieux-payes-aux-etats-unis-843619 |title=Les grands patrons de mieux en mieux payés aux Etats-Unis |newspaper=Capital |language=fr |date=May 16, 2013 |access-date= August 23, 2013 |archive-date= September 1, 2014 |archive-url= https://web.archive.org/web/20140901180952/http://www.capital.fr/carriere-management/actualites/les-grands-patrons-de-mieux-en-mieux-payes-aux-etats-unis-843619 |url-status= live}} On September 18, 2014, Ellison appointed Mark Hurd to CEO of Oracle from his former position as president; Safra Catz was also made CEO, moving from her former role as CFO. Ellison assumed the positions of chief technology officer and executive chairman.{{cite news |url=https://www.wsj.com/news/article_email/larry-ellison-to-step-aside-as-oracle-ceo-1411070636-lMyQjAxMTE0ODEyOTgxMzk4Wj |title=Larry Ellison to Step Aside as Oracle CEO |last=Ovide |first=Shira |date=September 18, 2014 |newspaper=The Wall Street Journal |access-date= September 19, 2017 |archive-date= May 29, 2015 |archive-url= https://web.archive.org/web/20150529203618/http://www.wsj.com/news/article_email/larry-ellison-to-step-aside-as-oracle-ceo-1411070636-lMyQjAxMTE0ODEyOTgxMzk4Wj |url-status= live}}{{cite news |first=Julie |last=Bort |url=http://www.businessinsider.com/ellison-grew-rich-from-ibms-idea-2014-9 |title=How Larry Ellison Became The Fifth Richest Man in the World By Using IBM's Idea |website=Business Insider |date=September 18, 2014 |access-date= September 20, 2014 |archive-date= September 21, 2014 |archive-url= https://web.archive.org/web/20140921000849/http://www.businessinsider.com/ellison-grew-rich-from-ibms-idea-2014-9 |url-status= live}}
In November 2016, Oracle bought NetSuite for $9.3 billion. Ellison owned 35% of NetSuite at the time of the purchase making him $3.5 billion personally.{{cite web |url=https://www.cnbc.com/2016/11/07/despite-minting-35-billion-cash-on-netsuite-deal-oracles-larry-ellisons-not-any-richer.html |title=Despite minting $3.5 billion cash on NetSuite deal, Oracle's Larry Ellison's not any richer |first=Anita |last=Balakrishnan |website=CNBC |date=November 7, 2016 |access-date=September 9, 2017 |archive-date=September 20, 2017 |archive-url=https://web.archive.org/web/20170920045048/https://www.cnbc.com/2016/11/07/despite-minting-35-billion-cash-on-netsuite-deal-oracles-larry-ellisons-not-any-richer.html |url-status=live}}
In 2017, Forbes estimated that Ellison was the 4th richest person in tech.{{cite web |url=https://www.forbes.com/richest-in-tech/ |title=The Richest People in Tech |website=Forbes |access-date= April 12, 2019 |archive-date= March 23, 2019 |archive-url= https://web.archive.org/web/20190323184250/https://www.forbes.com/richest-in-tech/ |url-status= live}}
In June 2018, Ellison's net worth was about $54.5 billion, according to Forbes.{{Cite news |url=https://www.forbes.com/sites/noahkirsch/2017/06/24/larry-ellisons-net-worth-just-rose-5-billion-in-two-days/ |title=Larry Ellison's Net Worth Just Rose $5 Billion in Two Days |last=Kirsch |first=Noah |work=Forbes |access-date= 19 September 2017 |df=mdy-all |archive-date= September 20, 2017 |archive-url= https://web.archive.org/web/20170920045658/https://www.forbes.com/sites/noahkirsch/2017/06/24/larry-ellisons-net-worth-just-rose-5-billion-in-two-days/ |url-status= live}}
In December 2018, Ellison became a director on the board of Tesla, Inc., after purchasing 3 million shares earlier that year.{{cite web |url=https://ir.tesla.com/board-directors/larry-ellison |title=Board of Directors |website=ir.tesla.com |publisher=Tesla, Inc.|access-date=July 22, 2019|archive-date=July 22, 2019|archive-url=https://web.archive.org/web/20190722170046/https://ir.tesla.com/board-directors/larry-ellison|url-status=live}}{{Self-published source|date=August 2023|ABOUTSELF=y}}{{cite web |title=Larry Ellison |url=https://www.forbes.com/profile/larry-ellison/ |url-status=live |archive-url=https://web.archive.org/web/20180131145538/https://www.forbes.com/profile/larry-ellison/ |archive-date=January 31, 2018 |access-date=January 28, 2018 |work=Forbes |df=mdy-all}} Ellison left the Tesla Board in August 2022.{{Cite web |last=Ponciano |first=Jonathan |title=Tesla Files For Another Stock Split—Reveals Billionaire Larry Ellison To Leave Board |url=https://www.forbes.com/sites/jonathanponciano/2022/06/10/tesla-files-for-another-stock-split-reveals-billionaire-larry-ellison-to-leave-board/ |access-date=2022-09-07 |website=Forbes |language=en |archive-date=September 5, 2022 |archive-url=https://web.archive.org/web/20220905011859/https://www.forbes.com/sites/jonathanponciano/2022/06/10/tesla-files-for-another-stock-split-reveals-billionaire-larry-ellison-to-leave-board/ |url-status=live }}
As of June 2020, Ellison is said to be the seventh wealthiest person in the world, with a net worth of $66.8 billion.{{cite web |title=Larry Ellison |url=https://www.forbes.com/profile/larry-ellison/?list=rtb/#17e060d824c2 |website=Forbes |access-date=2 June 2020 |language=en |archive-date=July 17, 2020 |archive-url=https://web.archive.org/web/20200717054535/https://www.forbes.com/profile/larry-ellison/?list=rtb%2F#17e060d824c2 |url-status=live}}
As of 2022, Ellison owns 42.9 percent of the shares of Oracle Corporation,{{cite web |title=Oracle Corporation 2022 Proxy Statement (Form DEF 14A) |url=https://www.sec.gov/Archives/edgar/data/1341439/000119312522250158/d357923ddef14a.htm |date=2022-09-23 |publisher=U.S. Securities and Exchange Commission |access-date=November 10, 2022 |archive-date=November 25, 2022 |archive-url=https://web.archive.org/web/20221125054924/https://www.sec.gov/Archives/edgar/data/1341439/000119312522250158/d357923ddef14a.htm |url-status=live }} and as of June 2023, 1.4 percent of the shares of Tesla.{{Cite web |last= |first= |date=2023-06-21 |title=Two Of The World's Richest Men Loaded Up On The Exact Same Stock |url=https://www.investors.com/etfs-and-funds/sectors/sp500-of-the-worlds-richest-men-loaded-up-on-the-exact-same-stock/ |access-date=2023-11-12 |website=Investor's Business Daily |language=en-US |archive-date=June 21, 2023 |archive-url=https://web.archive.org/web/20230621140348/https://www.investors.com/etfs-and-funds/sectors/sp500-of-the-worlds-richest-men-loaded-up-on-the-exact-same-stock/ |url-status=live }}
Ellison's software startup, Project Ronin, that he co-founded with David Agus and Dave Hodgson closed down in 2024. The company aimed at transforming cancer care whose products were intended to quickly analyze data within electronic medical records systems.{{Cite web |last1=Robbins |first1=Rebecca |last2=Florko |first2=Nicholas |date=April 29, 2020 |title=How a Los Angeles doctor got swept up in the swirl of the Trump White House as it confronts the pandemic |url=https://www.statnews.com/2020/04/29/david-agus-trump-white-house-coronavirus-response/ |website=STAT |access-date=March 2, 2024 |archive-date=June 3, 2023 |archive-url=https://web.archive.org/web/20230603052006/https://www.statnews.com/2020/04/29/david-agus-trump-white-house-coronavirus-response/ |url-status=live }}
Philanthropy and other endeavors
In 1992 Ellison shattered his elbow in a high-speed bicycle crash. After receiving treatment at University of California, Davis, Ellison donated $5 million to seed the Lawrence J. Ellison Musculo-Skeletal Research Center. In 1998, the Lawrence J. Ellison Ambulatory Care Center opened on the Sacramento campus of the UC Davis Medical Center.{{cite web |access-date= August 4, 2014 |url=http://www.ucdmc.ucdavis.edu/welcome/features/20080130_Chapmans/index.html |title=UC Davis Health System: Philanthropic Pioneers |publisher=UC Davis Medical Center |archive-date= August 8, 2014 |archive-url= https://web.archive.org/web/20140808054530/http://www.ucdmc.ucdavis.edu/welcome/features/20080130_Chapmans/index.html |url-status= live}}
To settle an insider trading lawsuit arising from his selling nearly $1 billion of Oracle stock, a court allowed Ellison to donate $100 million to his own charitable foundation without admitting wrongdoing. A California judge refused to allow Oracle to pay Ellison's legal fees of $24 million. Ellison's lawyer had argued that if Ellison were to pay the fees, that could be construed as an admission of guilt. His charitable donations to Stanford University raised questions about the independence of two Stanford professors who evaluated the case's merits for Oracle.In Re Oracle Corp. Derivative Litigation (824 A.2d 917 (2003)) In response to the September 11 terrorist attacks of 2001, Ellison made a controversial offer to donate software to the federal government{{sfn|Symonds|Ellison|2004|p=412}} that would have enabled it to build and run a national identification database and to issue ID cards.Compare: {{cite news |title=The Oracle of National ID Cards |url=https://www.wired.com/news/conflict/0,2100,47788,00.html |magazine=Wired |date=October 27, 2001 |archive-url= https://web.archive.org/web/20011027160301/http://www.wired.com/news/conflict/0%2C2100%2C47788%2C00.html |archive-date= October 27, 2001 |url-status= dead |quote=An article Ellison wrote for The Wall Street Journal is more blunt: 'The government could phase in digital ID cards to replace existing Social Security cards and driver's licenses. These new IDs should be based on a uniform standard such as credit card technology, which is harder to counterfeit than existing government IDs....'}}
Forbes{{'}} 2004 list of charitable donations made by the wealthiest 400 Americans stated that Ellison had donated{{when|date=January 2019}} $151,092,103, about 1% of his estimated personal wealth.{{cite news |first=David |last=Whelan |url=https://www.forbes.com/2004/09/23/cz_dw_0923philan_rl04.html |access-date= May 10, 2016 |title=Charity And The Forbes 400 |newspaper=Forbes |date=September 24, 2004 |archive-date= June 5, 2016 |archive-url= https://web.archive.org/web/20160605022312/http://www.forbes.com/2004/09/23/cz_dw_0923philan_rl04.html |url-status= live}} In June 2006, Ellison announced he would not honor his earlier pledge of $115 million to Harvard University, claiming it was due to the departure of former president Lawrence Summers. Oracle spokesman Bob Wynne announced, "It was really Larry Summers' brainchild and once it looked like Larry Summers was leaving, Larry Ellison reconsidered ... [I]t was Larry Ellison and Larry Summers that had initially come up with this notion."{{cite news |agency=Associated Press |url=http://www.boston.com/news/education/higher/articles/2006/06/28/oracles_ceo_cancels_115m_gift_to_harvard/ |title=Oracle's CEO cancels $115m gift to Harvard |newspaper=The Boston Globe |date=June 28, 2006 |access-date= August 21, 2010 |archive-date= August 27, 2010 |archive-url= https://web.archive.org/web/20100827111154/http://www.boston.com/news/education/higher/articles/2006/06/28/oracles_ceo_cancels_115m_gift_to_harvard/ |url-status= live}} In 2007 Ellison pledged $500,000 to fortify a community centre in Sderot, Israel, after discovering that the building was not fortified against rocket attacks.{{cite news |url=http://www.ynetnews.com/articles/0,7340,L-3435691,00.html |title=Oracle's Ellison promises $500,000 donation |website=Ynet |first=Shmulik |last=Hadad |date=August 9, 2007 |access-date= December 25, 2013 |archive-date= December 27, 2013 |archive-url= https://web.archive.org/web/20131227012915/http://www.ynetnews.com/articles/0,7340,L-3435691,00.html |url-status= live}} Other charitable donations by Ellison include a $10 million donation to the Friends of the Israel Defense Forces in 2014.{{cite news |url=http://www.timesofisrael.com/hollywood-gala-raises-a-record-33-million-for-idf/ |title=Hollywood gala raises a record $33 million for IDF |newspaper=The Times of Israel |date=November 8, 2014 |access-date= November 16, 2014 |archive-date= November 14, 2014 |archive-url= https://web.archive.org/web/20141114062523/http://www.timesofisrael.com/hollywood-gala-raises-a-record-33-million-for-idf/ |url-status= live}} In 2017 Ellison again donated to the Friends of the Israel Defense Forces, this time for $16.6 million. His donation was intended to support the construction of well-being facilities on a new campus for co-ed conscripts.[https://www.jta.org/2017/11/05/news-opinion/united-states/record-53-8-million-raised-for-idf-soldiers-at-beverly-hills-gala Record $53.8 million raised for IDF soldiers at Beverly Hills gala], November 5, 2017, Jewish Telegraphic Agency.
Ellison was an early investor in Theranos.{{cite news |last1=O'Brien |first1=Sara Ashley |title=Elizabeth Holmes surrounded Theranos with powerful people |url=https://money.cnn.com/2018/03/15/technology/elizabeth-holmes-theranos/index.html |work=CNN |date=15 March 2018}} In August 2010 a report listed Ellison as one of the 40 billionaires who had signed "The Giving Pledge".{{cite web |title=The Giving Pledge: Larry Ellison |url=http://givingpledge.org/#larry_ellison |access-date= August 8, 2010 |archive-date= June 17, 2016 |archive-url= https://web.archive.org/web/20160617232627/http://givingpledge.org/#larry_ellison |url-status= live}}{{cite news |title=Ellison joins billionaire charity pledge |date=August 8, 2010 |url=http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/08/08/BU9A1EPNPE.DTL |publisher=Bloomberg in the San Francisco Chronicle |access-date= August 9, 2010 |archive-date= October 7, 2011 |archive-url= https://web.archive.org/web/20111007115701/http://www.sfgate.com/cgi-bin/article.cgi?f=%2Fc%2Fa%2F2010%2F08%2F08%2FBU9A1EPNPE.DTL |url-status= live}}
In May 2016 Ellison donated $200 million to the University of Southern California for establishing a cancer research center: the Lawrence J. Ellison Institute for Transformative Medicine of USC.{{cite web |url=https://www.forbes.com/sites/katevinton/2016/05/12/oracle-founder-larry-ellison-donates-200-million-to-usc-for-cancer-treatment-center/ |title=Oracle Founder Larry Ellison Donates $200 Million To USC For Cancer Treatment Center |last=Vinton |first=Kate |website=Forbes |language=en|access-date=2020-04-24|archive-date=October 19, 2016|archive-url=https://web.archive.org/web/20161019064448/http://www.forbes.com/sites/katevinton/2016/05/12/oracle-founder-larry-ellison-donates-200-million-to-usc-for-cancer-treatment-center/|url-status=live}} It was renamed the Ellison Institute of Technology, and an additional campus was established in Oxford in 2023 with the intention of providing a scholarship program for twenty students each year.{{Cite news |url=https://www.independent.co.uk/news/uk/politics/tony-blair-oxford-oracle-john-bell-los-angeles-b2428827.html |title=New research campus to solve global problems |date=October 12, 2023 |last=Newton |first=Storm |work=The Independent |access-date=March 2, 2024 |archive-date=March 2, 2024 |archive-url=https://web.archive.org/web/20240302073444/https://www.independent.co.uk/news/uk/politics/tony-blair-oxford-oracle-john-bell-los-angeles-b2428827.html |url-status=live }}{{Cite news |last=Ford |first=Brody |date=March 1, 2024 |title=Larry Ellison's Cancer Software Startup Project Ronin Is Closing |url=https://www.bloomberg.com/news/articles/2024-03-01/larry-ellison-s-cancer-software-startup-project-ronin-is-closing |publisher=Bloomberg News |archive-url=https://archive.today/20240301234334/https://www.bloomberg.com/news/articles/2024-03-01/larry-ellison-s-cancer-software-startup-project-ronin-is-closing |archive-date=March 1, 2024 |url-status=live}}
=Aviation=
Ellison is a licensed pilot who has owned several aircraft. He was cited by the city of San Jose, California, for violating its limits on late-night takeoffs and landings from San Jose Mineta International Airport by planes weighing more than 75,000 pounds (34,019 kg). In January 2000, Ellison sued over the interpretation of the airport rule, contending that his Gulfstream V aircraft "is certified by the manufacturer to fly at two weights: 75,000 pounds, and at 90,000 pounds for heavier loads or long flights requiring more fuel. But the pilot only lands the plane in San Jose when it weighs 75,000 pounds or less, and has the logs to prove it."{{cite news |first=Carolyne |last=Zinko |url=https://www.sfgate.com/bayarea/article/Ellison-Sues-Over-Airport-Rule-On-Noise-at-Night-2785281.php |newspaper=San Francisco Chronicle |title=Ellison Sues Over Airport Rule on Noise at Night / He wants right to land his jet anytime |date=January 7, 2000 |access-date= March 11, 2010 |archive-date= April 20, 2013 |archive-url= https://wayback.archive-it.org/all/20130420095629/http://www.sfgate.com/bayarea/article/Ellison-Sues-Over-Airport-Rule-On-Noise-at-Night-2785281.php |url-status= live}} US District Judge Jeremy Fogel ruled in Ellison's favor in June 2001, calling for a waiver for Ellison's jet, but did not invalidate the curfew.{{cite news |first=Matthew B. |last=Stannard |url=http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2001/06/16/MNW222177.DTL |newspaper=San Francisco Chronicle |title=Judge clears Ellison for landing at night / Curfew left intact at San Jose airport |date=June 16, 2001 |access-date= March 11, 2010 |archive-date= October 7, 2011 |archive-url= https://web.archive.org/web/20111007114546/http://www.sfgate.com/cgi-bin/article.cgi?f=%2Fc%2Fa%2F2001%2F06%2F16%2FMNW222177.DTL |url-status= live}}
Ellison also owns at least two military jets: the Italian training aircraft SIAI-Marchetti S.211, and a decommissioned Soviet fighter MiG-29, which the US government has refused him permission to import.
=Movie cameo=
Ellison made a brief cameo appearance in the 2010 movie Iron Man 2.{{cite web |url=https://www.forbes.com/sites/velocity/2010/04/29/elon-musk-larry-ellison-have-cameos-in-iron-man-2 |title=Elon Musk, Larry Ellison Appear in Iron Man 2 |newspaper=Forbes |date=April 29, 2010 |access-date= March 18, 2013 |first=Andy |last=Greenberg |archive-date= April 8, 2013 |archive-url= https://web.archive.org/web/20130408084903/http://www.forbes.com/sites/velocity/2010/04/29/elon-musk-larry-ellison-have-cameos-in-iron-man-2/ |url-status= live}}
=Restaurant=
In July 2013, Ellison opened a restaurant in Malibu named Nikita,{{cite web |last=Price |first=Pam |title=Oracle CEO Larry Ellison's New Nikita Restaurant In Malibu Is Drawing Crowds |url=https://www.forbes.com/sites/pamprice/2013/07/31/oracle-ceo-larry-ellisons-new-nikita-restaurant-in-malibu-is-drawing-crowds/ |website=Forbes |date=2013-07-31 |access-date=2024-08-20}} which closed in December 2014.{{Cite web |last=Kang |first=Matthew |date=2014-12-30 |title=Billions of Dollars Couldn't Keep Larry Ellison's Nikita Afloat |url=https://la.eater.com/2014/12/30/7468429/nikita-shutter-malibu-larry-ellison-closed |access-date=2024-12-08 |website=Eater LA |language=en}}
=Farming=
In 2017, Ellison funded a farming company called Sensei Ag with a promise to use AI, robotics, and software to remake the way people around the world eat. A Wall Street Journal report in February 2025, criticized the effort by saying that the whole endeavor was not keeping its promise due to some basic mistakes on choice of technology, leadership, and having access to know how.{{cite web |last=Dotan |first=Tom |title=Larry Ellison’s Half-Billion-Dollar Quest to Change Farming Has Been a Bust |url=https://www.wsj.com/tech/larry-ellison-hawaii-greenhouse-farm-food-2d260e1f/ |website=WSJ |date=2025-02-23 |access-date=2025-02-23}}
=Tennis=
In 2009, Ellison purchased the Indian Wells Tennis Garden tennis facility in California's Coachella Valley and the Indian Wells Masters tournament for $100 million, and has subsequently invested another $100 million into the club.{{cite web |last=Vance |first=Ashlee |date=5 June 2015 |title=Larry Ellison Is Spending a Fortune to Save American Tennis |url=https://www.bloomberg.com/news/features/2015-06-04/oracle-s-larry-ellison-plans-u-s-tennis-revival-indian-wells-growth |website=Bloomberg Businessweek |access-date=November 26, 2021 |archive-date=November 26, 2021 |archive-url=https://web.archive.org/web/20211126063619/https://www.bloomberg.com/news/features/2015-06-04/oracle-s-larry-ellison-plans-u-s-tennis-revival-indian-wells-growth |url-status=live }}
In 2010, Ellison purchased a 50% share of the BNP Paribas Open tennis tournament.{{cite news |title=Newcomer of the Year: Larry Ellison |last=Bodo |first=Peter |year=2010 |work=Tennis Magazine}}
=Yachting=
With the economic downturn of 2010, Ellison sold his share of Rising Sun, the 12th largest yacht in the world, making David Geffen the sole owner.{{cite web |url=http://www.superyachttimes.com/superyachttimes/www/editorial/20/article/id/5141 |title=David Geffen now sole owner of 138-metre superyacht Rising Sun – Yacht Owners |website=Superyacht Times |date=October 15, 2010 |access-date= March 10, 2011 |archive-date= December 18, 2010 |archive-url= https://web.archive.org/web/20101218070915/http://www.superyachttimes.com/superyachttimes/www/editorial/20/article/id/5141 |url-status= live}} The vessel is {{convert|453|ft|m|abbr=off}} long,{{cite web |url=http://www.networkworld.com/community/node/14809 |title=Brad Reese on Cisco: Yachting with Oracle CEO Larry Ellison |website=Network world |date=May 3, 2007 |access-date= March 10, 2011 |archive-date= January 2, 2011 |archive-url= https://web.archive.org/web/20110102180155/http://www.networkworld.com/community/node/14809 |url-status= live}} and reportedly cost over $200{{nbsp}}million to build. He downsized to Musashi, a {{convert|288|ft|m|adj=on|abbr=off}} yacht built by Feadship.{{cite news |url=https://www.forbes.com/pictures/eiif45kfe/musashi-288-feet/ |title=The Largest Yachts of The Forbes 400 |newspaper=Forbes |access-date= August 9, 2012 |archive-date= September 11, 2012 |archive-url= https://web.archive.org/web/20120911074649/http://www.forbes.com/pictures/eiif45kfe/musashi-288-feet/ |url-status= dead}}
Ellison competes in yachting through Oracle Team USA.{{cite web |url=http://www.minyanville.com/investing/articles/ORCL-ellison-yachts-ceos-architecture-immortality/8/28/2008/id/18703 |title=CEOs Gone Wild: Larry Ellison |publisher=Minyanville.com |date=August 28, 2008 |access-date=June 4, 2013 |first=Justin |last=Rohrlich |archive-date=November 5, 2013 |archive-url=https://web.archive.org/web/20131105011756/http://www.minyanville.com/investing/articles/ORCL-ellison-yachts-ceos-architecture-immortality/8/28/2008/id/18703 |url-status=live}} Following success racing Maxi yachts, Ellison founded BMW Oracle Racing to compete for the 2003 Louis Vuitton Cup.
In 2002, Ellison's Oracle's team introduced kite yachting into the America's Cup environment. Kite sail flying lasting about thirty minutes was achieved during testing in New Zealand.{{cite web |url=http://www.myplainview.com/article_c2af0a8a-4310-55b6-91e2-17786b498ee4.html |title=Oracle Flies Kite in America's Cup Test |date=December 18, 2002 |df=mdy-all |access-date= May 12, 2016 |archive-date= October 27, 2020 |archive-url= https://web.archive.org/web/20201027152609/https://www.myplainview.com/news/article/Oracle-Flies-Kite-in-America-s-Cup-Test-8990384.php |url-status= live}}
BMW Oracle Racing was the "Challenger of Record" on behalf of the Golden Gate Yacht Club of San Francisco for the 2007 America's Cup in Valencia, Spain, until eliminated from the 2007 Louis Vuitton Cup challenger-selection series in the semi-finals. On February 14, 2010, Ellison's yacht USA 17 won the second race (in the best of three "deed of gift" series) of the 33rd America's Cup, after winning the first race two days earlier. Securing a historic victory, Ellison and his BMW Oracle team became the first challengers to win a "deed of gift" match. The Cup returned to American shores for the first time since 1995. Ellison served as a crew member in the second race.{{cite news |url=https://www.espn.com/olympics/news/story?id=4913750 |title=BMW Oracle wins America's Cup |publisher=ESPN |date=February 14, 2010 |quote=Ellison and Kostecki were the only Americans on BMW Oracle's crew for the clincher. |access-date= February 15, 2010 |archive-date= February 17, 2010 |archive-url= https://web.archive.org/web/20100217053947/http://sports.espn.go.com/oly/news/story?id=4913750 |url-status= live}} Previously, Ellison had filed several legal challenges, through the Golden Gate Yacht Club, against the way that Ernesto Bertarelli (also one of the world's richest men) proposed to organize the 33rd America's Cup following the 2007 victory of Bertarelli's team Alinghi.{{cite web |first=Cory E. |last=Friedman |url=http://www.sailingscuttlebutt.com/news/07/cf/ |title=A Perpetual Cup for Not So Friendly Competition Between Lawyers |publisher=Sailingscuttlebutt.com |access-date= March 10, 2011 |archive-date= February 9, 2010 |archive-url= https://web.archive.org/web/20100209140158/http://www.sailingscuttlebutt.com/news/07/cf/ |url-status= live}} The races were finally held{{Clarify|date=July 2010}} in February 2010 in Valencia.
On September 25, 2013, Ellison's Oracle Team USA defeated Emirates Team New Zealand to win the 34th America's Cup in San Francisco Bay, California.{{cite news |newspaper=The New York Times |date=September 25, 2013 |first=Christopher |last=Clarey |url=https://www.nytimes.com/2013/09/26/sports/oracle-completes-voyage-to-history-to-win-americas-cup.html |title=Oracle Completes Voyage to History, Winning America's Cup |access-date= February 25, 2017 |archive-date= April 19, 2017 |archive-url= https://web.archive.org/web/20170419070801/http://www.nytimes.com/2013/09/26/sports/oracle-completes-voyage-to-history-to-win-americas-cup.html |url-status= live}} Oracle Team USA had been penalized two points in the final for cheating by some team members during the America's Cup World Series warm-up events.{{cite news |newspaper=San Jose Mercury News |date=September 3, 2013 |first=Julia Prodis |last=Sulek |url=http://www.mercurynews.com/sports/ci_24006797/americas-cup-team-oracle-usa-penalized-two-points |title=America's Cup: Cheating scandal docks Oracle Team USA two races before main event starts Saturday |access-date= September 26, 2013 |archive-date= October 1, 2013 |archive-url= https://web.archive.org/web/20131001051252/http://www.mercurynews.com/sports/ci_24006797/americas-cup-team-oracle-usa-penalized-two-points |url-status= live}} The Oracle team came from a 1–8 deficit to win 9–8, in what has been called "one of the greatest comebacks in sports history".{{Cite news |url=https://www.wsj.com/articles/americas-cup-2013-how-oracle-team-usa-launched-the-greatest-comeback-in-sailing-history-1393457596 |title=One of the Greatest Comebacks in Sports History |last=Woo |first=Stu |date=February 28, 2014 |work=The Wall Street Journal|access-date=22 July 2019 |issn=0099-9660|archive-date=July 22, 2019|archive-url=https://web.archive.org/web/20190722165114/https://www.wsj.com/articles/americas-cup-2013-how-oracle-team-usa-launched-the-greatest-comeback-in-sailing-history-1393457596|url-status=live}}
In 2019, Ellison, in conjunction with Russell Coutts, started the SailGP international racing series.{{Cite news |url=https://www.nytimes.com/2019/09/20/sports/sailgp.html |title=Russell Coutts Likes Sailing Races With Big Money at Stake |first=Matthew |last=Futterman |newspaper=The New York Times |date=September 20, 2019|access-date=October 11, 2019|archive-date=September 24, 2019|archive-url=https://web.archive.org/web/20190924223932/https://www.nytimes.com/2019/09/20/sports/sailgp.html|url-status=live}} The series used F50 foiling catamarans, the fastest class of boat in history with regattas held across the globe. Ellison committed to five years of funding to support the series until it could become self sustaining. The first season was successful with global audiences of over 1.8 billion.{{cite web |title=SailGP claims $115m economic impact for five host cities |url=https://www.sportbusiness.com/news/sailgp-reflects-on-impact-of-debut-season/ |website=SportsBusiness |date=October 10, 2019 |access-date=11 October 2019 |archive-date=October 11, 2019 |archive-url=https://web.archive.org/web/20191011003520/https://www.sportbusiness.com/news/sailgp-reflects-on-impact-of-debut-season/ |url-status=live}}{{cite web |title=SailGP reveals economic impac |url=https://www.sailingscuttlebutt.com/2019/10/10/sailgp-reveals-economic-impact/ |website=Scuttlebutt Sailing News |date=October 10, 2019 |access-date=11 October 2019 |archive-date=October 11, 2019 |archive-url=https://web.archive.org/web/20191011003520/https://www.sailingscuttlebutt.com/2019/10/10/sailgp-reveals-economic-impact/ |url-status=live}}{{cite web |title=SailGP attracts global audience of 1.8 billion in Season 1 |url=http://www.mysailing.com.au/latest/sailgp-attracts-global-audience-of-1-8-billion-in-season-1 |website=mysailing.com.au |date=October 9, 2019 |access-date=11 October 2019 |archive-date=October 11, 2019 |archive-url=https://web.archive.org/web/20191011003519/http://www.mysailing.com.au/latest/sailgp-attracts-global-audience-of-1-8-billion-in-season-1 |url-status=live}}
Political involvement
File:Secretary Pompeo Meets with the Oracle Leadership Team (49391194042).jpg in 2020]]
Ellison was critical of NSA whistle-blower Edward Snowden, saying that "Snowden had yet to identify a single person who had been 'wrongly injured' by the NSA's data collection".{{cite web |url=https://www.techinasia.com/orcales-larry-ellison-data-privacy-working-japan/ |title=Oracle's Larry Ellison talks about Edward Snowden, isn't a big fan |first=J. T. |last=Quigley |date=April 10, 2014 |website=Tech in Asia |access-date= November 1, 2014 |archive-date= November 1, 2014 |archive-url= https://web.archive.org/web/20141101202719/https://www.techinasia.com/orcales-larry-ellison-data-privacy-working-japan/ |url-status= live}} In 2012, he donated to both Democratic and Republican politicians,{{cite news |url=http://www.bizjournals.com/sanjose/news/2013/07/02/how-silicon-valleys-10-biggest.html?page=all |title=How Silicon Valley's top 10 billionaires voted with their political cash |first=Luke |last=Stangel |date=July 2, 2013 |newspaper=Silicon Valley Business Journal |access-date= November 1, 2014 |archive-date= November 1, 2014 |archive-url= https://web.archive.org/web/20141101221033/http://www.bizjournals.com/sanjose/news/2013/07/02/how-silicon-valleys-10-biggest.html?page=all |url-status= live}} and in late 2014 hosted Republican senator Rand Paul at a fundraiser at his home.{{cite web |url=https://www.buzzfeed.com/katherinemiller/larry-ellison-to-host-republican-fundraiser-with-rand-paul |title=Larry Ellison To Host Republican Fundraiser With Rand Paul |date=October 3, 2014 |first=Katherine |last=Miller |website=BuzzFeed |access-date= September 2, 2017 |archive-date= January 3, 2018 |archive-url= https://web.archive.org/web/20180103193426/https://www.buzzfeed.com/katherinemiller/larry-ellison-to-host-republican-fundraiser-with-rand-paul |url-status= live}}{{cite news |url=http://www.sfgate.com/politics/article/Dems-GOP-holding-mega-fundraisers-on-same-street-5807061.php |title=Dems, GOP holding mega-fundraisers on same street in Woodside |first=Carla |last=Marinucci |date=October 7, 2014 |newspaper=San Francisco Chronicle |access-date= November 1, 2014 |archive-date= November 1, 2014 |archive-url= https://web.archive.org/web/20141101204901/http://www.sfgate.com/politics/article/Dems-GOP-holding-mega-fundraisers-on-same-street-5807061.php |url-status= live}}
Ellison was one of the top donors to Conservative Solutions PAC, a super PAC supporting Marco Rubio's 2016 presidential bid. As of February 2016, Ellison had given $4 million overall to the PAC.{{cite web |last=Vogel |first=Kenneth |title=Larry Ellison gives another $1 million to boost Marco Rubio |url=http://www.politico.com/story/2016/02/marco-rubio-larry-ellison-219549 |website=Politico |date=February 20, 2016 |access-date= February 22, 2016 |df=mdy-all |archive-date= February 22, 2016 |archive-url= https://web.archive.org/web/20160222010829/http://www.politico.com/story/2016/02/marco-rubio-larry-ellison-219549 |url-status= live}} In 2020, Ellison allowed president Donald Trump to have a fundraiser at his Rancho Mirage estate,{{cite web |url=https://www.desertsun.com/story/news/politics/2020/02/12/trump-visit-larry-ellisons-rancho-mirage-estate-fundraising-event/4743576002/ |title=Trump to visit Palm Springs area next week for fundraising event at Oracle chairman Larry Ellison's estate |last=Metz |first=Sam |website=Desert Sun |language=en|access-date=2020-02-13|archive-date=February 13, 2020|archive-url=https://web.archive.org/web/20200213092057/https://www.desertsun.com/story/news/politics/2020/02/12/trump-visit-larry-ellisons-rancho-mirage-estate-fundraising-event/4743576002/|url-status=live}}{{cite web |url=https://www.vox.com/recode/2020/2/12/21135722/larry-ellison-donald-trump-fundraiser |title=Larry Ellison is doing an unthinkable thing for a tech titan: Hosting a fundraiser for Donald Trump |last=Schleifer |first=Theodore |date=2020-02-12 |website=Vox |language=en|access-date=2020-02-13|archive-date=February 13, 2020|archive-url=https://web.archive.org/web/20200213064839/https://www.vox.com/recode/2020/2/12/21135722/larry-ellison-donald-trump-fundraiser|url-status=live}} but Ellison was not present.{{cite web |last=Mak |first=Aaron |date=2020-09-14 |title=How Oracle Became the Trump Administration's Favorite Tech Company |url=https://slate.com/technology/2020/09/oracle-tiktok-trump-microsoft.html |access-date=2020-10-28 |website=Slate Magazine |language=en |archive-date=October 28, 2020 |archive-url=https://web.archive.org/web/20201028134144/https://slate.com/technology/2020/09/oracle-tiktok-trump-microsoft.html |url-status=live }} In January 2022, Ellison donated $15 million to the Opportunity Matters Fund super PAC associated with Sen. Tim Scott (R-SC), which is one of the most significant financial contributions of the 2022 election cycle.{{cite web |url=https://www.politico.com/news/2022/02/19/larry-ellison-pumps-15m-into-super-pac-aligned-with-tim-scott-00010377 |title=Larry Ellison pumps $15M into super PAC aligned with Tim Scott |first=Scott |last=Bland |date=February 19, 2022 |website=Politico |access-date=February 19, 2022 |archive-date=February 19, 2022 |archive-url=https://web.archive.org/web/20220219182626/https://www.politico.com/news/2022/02/19/larry-ellison-pumps-15m-into-super-pac-aligned-with-tim-scott-00010377 |url-status=live }}
The Washington Post reported in May 2022 that Ellison participated in a conference call days after the 2020 presidential election that focused on strategies for challenging the legitimacy of the vote. Other participants on the call included Fox News host Sean Hannity, Senator Lindsey Graham, Trump personal attorney Jay Sekulow and James Bopp, an attorney for True the Vote. The Post cited court documents and a participant on the call.{{cite news |title=Oracle's Larry Ellison joined Nov. 2020 call about contesting Trump's loss |url=https://www.washingtonpost.com/politics/2022/05/20/larry-ellison-oracle-trump-election-challenges/ |newspaper=The Washington Post |date=May 20, 2022 |author1=Isaac Stanley-Becker |author2=Shawn Boburg |access-date=May 20, 2022 |archive-date=May 20, 2022 |archive-url=https://web.archive.org/web/20220520192411/https://www.washingtonpost.com/politics/2022/05/20/larry-ellison-oracle-trump-election-challenges/ |url-status=live }}
In January 2025, Ellison joined Sam Altman of OpenAI and Masayoshi Son of Softbank at the White House to announce The Stargate Project.{{Cite web|url=https://apnews.com/article/trump-ai-openai-oracle-softbank-son-altman-ellison-be261f8a8ee07a0623d4170397348c41|title=Trump highlights partnership investing $500 billion in AI|website=AP|date=January 22, 2025}}
Support for archaeological operations in Jerusalem and links with Netanyahu
According to reports in 2019, Larry Ellison has contributed to funding an archaeological excavation project in East Jerusalem that received criticism from Palestinians as well as Israeli peace activists and some archaeologists.{{cite web |last1=Ben Zion |first1=Ilan |title=US officials attend opening at controversial Jerusalem dig |url=https://apnews.com/article/7c35be606b9c4439911999b8d1397233 |website=AP |access-date=June 7, 2024 |date=June 30, 2019}}{{cite web |last1=Carey |first1=Andrew |title=Anger as US envoys attend opening of controversial Jerusalem archaeological site |url=https://edition.cnn.com/2019/07/01/middleeast/friedman-pilgrimage-road-opening-intl/index.html |website=CNN |access-date=June 7, 2024 |date=July 1, 2019}}{{cite web |title=US officials attend opening at controversial Jerusalem dig |url=https://www.pilotonline.com/2019/06/30/us-officials-attend-opening-at-controversial-jerusalem-dig/ |website=The Virginian-Pilot |access-date=June 7, 2024 |date=July 26, 2019}} Additionally, in 2019 a $1 billion lawsuit was filed against several Israel supporters, including Ellison. The lawsuit accused Ellison and others of conspiring to ethnically cleanse Palestinians from Israeli-occupied territories, committing war crimes, and funding genocide.{{cite web |title=$1 Billion Palestinian Lawsuit Seeks To Hold Billionaires Sheldon Adelson, Larry Ellison |url=https://jewishbusinessnews.com/2019/02/20/1-billion-palestinian-lawsuit-sheldon-adelson-larry-ellison/ |publisher=Jewish Business News |access-date=June 25, 2024 |date=February 20, 2019}}{{cite web |last1=Stempel |first1=Jonathan |title=Palestinians' lawsuit in U.S. vs. Adelson, others is revived |url=https://www.reuters.com/article/world/palestinians-lawsuit-in-u-s-vs-adelson-others-is-revived-idUSKCN1Q827J/ |website=Reuters |access-date=June 25, 2024 |date=February 20, 2019}} The case was dismissed in February 2024.{{cite web |title=AL-Tamimi v. Adelson opinion |url=https://casetext.com/case/al-tamimi-v-adelson-4/ |publisher=casetext |access-date=February 8, 2025 |date=February 8, 2025}}
Ellison reportedly lobbied Israeli mogul Arnon Milchan to drop his lawyer so that Netanyahu, implicated in one of his corruption cases, could hire him.{{cite web |title=Netanyahu on vacation at island owned by Larry Ellison, a witness in graft trial |url=https://www.timesofisrael.com/netanyahu-on-vacation-at-island-owned-by-larry-ellison-a-witness-in-graft-trial/ |website=Times Of Israel |access-date=June 25, 2024 |date=August 21, 2021}}{{cite web |title=Larry Ellison lobbied Israeli mogul to give up attorney for Netanyahu — report |url=https://www.timesofisrael.com/larry-ellison-lobbied-israeli-mogul-to-give-up-attorney-for-netanyahu-report/ |website=Times Of Israel |access-date=June 25, 2024 |date=November 13, 2020}} It was also revealed in 2021 that Ellison offered Netanyahu a post at Oracle.{{cite web |last1=Hauser Tov |first1=Michael |title=Larry Ellison Offers Netanyahu Lucrative Oracle Post |url=https://www.haaretz.com/israel-news/2021-09-16/ty-article/.highlight/larry-ellison-netanyahu-trial-witness-offers-ex-pm-seat-on-oracle-board/0000017f-dbd9-d3a5-af7f-fbff9ae80000 |website=Haaretz |access-date=June 25, 2024 |date=September 16, 2021}}
Recognition
In 1997, Ellison received the Golden Plate Award of the American Academy of Achievement.{{cite web |title=Golden Plate Awardees of the American Academy of Achievement |website=achievement.org |publisher=American Academy of Achievement |url=https://achievement.org/our-history/golden-plate-awards/#business |access-date=February 1, 2021 |archive-date=December 15, 2016 |archive-url=https://web.archive.org/web/20161215023909/https://achievement.org/our-history/golden-plate-awards/#business |url-status=live }}{{cite web |date=1997 |title=Larry Ellison Biography and Interview |url=https://achievement.org/achiever/larry-j-ellison/ |quote=Academy members Larry Ellison, United States Supreme Court Justice Stephen J. Breyer, and best-selling author Tom Clancy in a panel discussion during the 1997 American Academy of Achievement program in Baltimore, MD. |access-date=February 1, 2021 |archive-date=January 19, 2021 |archive-url=https://web.archive.org/web/20210119055359/https://achievement.org/achiever/larry-j-ellison/ |url-status=live }}
In 2019, the Lawrence J. Ellison Institute for Transformative Medicine of USC honored Ellison with the first Rebels With A Cause Award in recognition of his generous support through the years.{{cite news |last=Infusio |first=Jillian |date=October 25, 2019 |title=Rebels with a Cause Gala Honors Larry Ellison, Raises $12.1 Million Benefitting the Lawrence J. Ellison Institute for Transformative Medicine of USC |url=https://ellison.usc.edu/2019/10/25/rwac2019/ |work=University of Southern California |access-date=February 1, 2021 |archive-date=February 6, 2021 |archive-url=https://web.archive.org/web/20210206071910/https://ellison.usc.edu/2019/10/25/rwac2019/ |url-status=dead }}
Ellison was named one of the 100 most influential people in the world by Time magazine in 2024.{{Cite magazine |last=Blair |first=Tony |author-link=Tony Blair |date=April 17, 2024 |title=Time 100: Larry Ellison |url=https://time.com/6964931/larry-ellison/ |magazine=Time}}{{Cite web |last=Ho |first=Karen K. |date=April 18, 2024 |title=Jenny Holzer, Thelma Golden, LaToya Ruby Frazier, Jonathan Anderson and Larry Ellison Included In Time Magazine's 2024 List of Most Influential People |url=https://www.artnews.com/art-news/news/time-magazine-2024-most-influential-list-artists-1234703648/ |work=ARTnews}}
Personal life
=Marriages=
Ellison has been married six times:
- Ellison married Adda Quinn in 1967.{{sfn|Symonds|Ellison|2004|p=347}} They divorced in 1974.{{sfn|Symonds|Ellison|2004|p=348}}
- Ellison married Nancy Wheeler Jenkins shortly after meeting her in late 1976.{{sfn|Symonds|Ellison|2004|p=350}} In 1978, the couple divorced and Wheeler sold back her shares in SDL to Ellison for $500.{{sfn|Symonds|Ellison|2004|p=351}}
- Ellison was married to Barbara Boothe from 1983 to 1986.{{sfn|Symonds|Ellison|2004|p=353, 347}} Boothe was a former receptionist at RSI.{{sfn|Symonds|Ellison|2004|p=352}} They had two children, David and Megan, who are film producers at Skydance Media and Annapurna Pictures, respectively.{{cite news |first=Kim |last=Masters |url=http://www.hollywoodreporter.com/news/jack-reacher-zero-dark-thirty-397881 |title=Producer Siblings Megan and David Ellison Betting Big on Holiday Box Office |newspaper=The Hollywood Reporter |date=December 5, 2012 |access-date= January 24, 2014 |archive-date= February 18, 2014 |archive-url= https://web.archive.org/web/20140218145114/http://www.hollywoodreporter.com/news/jack-reacher-zero-dark-thirty-397881 |url-status= live}}
- On December 18, 2003, Ellison married Melanie Craft, a romance novelist, at his Woodside estate. Ellison's friend Steve Jobs, former CEO and co-founder of Apple Inc., was the official wedding photographer,{{cite news |url=http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2004/01/14/MNGS649LVB1.DTL |title=Larry Ellison's most important merger |access-date= October 29, 2009 |date=January 14, 2004 |newspaper=San Francisco Chronicle |first1=Carolyne |last1=Zinko |first2=Carrie |last2=Kirby |archive-date= December 9, 2008 |archive-url= https://web.archive.org/web/20081209071803/http://www.sfgate.com/cgi-bin/article.cgi?file=%2Fchronicle%2Farchive%2F2004%2F01%2F14%2FMNGS649LVB1.DTL |url-status= live}} and Representative Tom Lantos officiated. They divorced in 2010.{{cite news |newspaper=Fortune |url=http://tech.fortune.cnn.com/tag/melanie-craft/ |publisher=CNN |title=Larry Ellison's surreal year |first=Adam |last=Lashinsky |date=October 29, 2010 |archive-url= https://web.archive.org/web/20101102010955/http://tech.fortune.cnn.com/tag/melanie-craft/ |archive-date= November 2, 2010}}
- From 2010 until 2020, Ellison was in a relationship and then fifth marriage with Ukrainian-American model and actress Nikita Kahn.{{cite web |title=Who Is Larry Ellison's Girlfriend? Details on the Oracle CEO's Dating History |url=https://marketrealist.com/p/larry-ellison-girlfriend/ |website=Market Realist |date=December 21, 2020 |access-date=2024-08-20}} They divorced in 2020.{{cite magazine| magazine=Front Office Sports |last=Young | first=Dennis| date=2024-12-04 |title=Who is Jolin, The Mystery Woman Fueling Michigan's Recruiting Boom? |url=https://frontofficesports.com/larry-ellison-michigan-jolin-nil-underwood/}} |access-date=12-12-2024
- As of 2024, Ellison is married to Jolin Ellison ({{nee|Zhu}}),{{cite news |last1=Lu |first1=Fran |title=Who is Jolin Zhu? Young Chinese woman, sixth wife of 80-year-old Oracle founder |url=https://www.scmp.com/news/people-culture/china-personalities/article/3292129/who-jolin-zhu-young-chinese-woman-sixth-wife-80-year-old-billionaire-oracle-founder |access-date=10 March 2025 |work=South China Morning Post |date=24 December 2024 |url-status=live|archive-url=https://web.archive.org/web/20250310152346/https://www.scmp.com/news/people-culture/china-personalities/article/3292129/who-jolin-zhu-young-chinese-woman-sixth-wife-80-year-old-billionaire-oracle-founder |archive-date=10 March 2025}}{{cite magazine |last=Graham |first=Matthew |date=November 23, 2024 |title=Jolin Ellison is secret Michigan billionaire wife vital to Bryce Underwood flip |url=https://www.si.com/onsi/athlete-lifestyle/business/jolin-ellison-secret-michigan-billionaire-wife-vital-bryce-underwood-flip |magazine=Sports Illustrated |access-date=2024-11-23}} an alumna of the University of Michigan.{{cite web |title=Welcome Bryce Underwood, the #1 Recruit in the Nation |url=https://www.championscircleuofm.com/thosewhostayhome|access-date=2024-11-23}}
=Health=
Ellison abstains from alcohol and drugs, stating that "I can't stand anything that clouds my mind."{{cite news|last=Barth|first=Chris|title=Ten Teetotalling Moguls|work=Forbes|date=11 March 2011|url=https://www.forbes.com/2011/03/11/teetotal-moguls_slide.html|access-date=18 July 2024|archive-url=https://web.archive.org/web/20170730213556/https://www.forbes.com/2011/03/11/teetotal-moguls_slide_11.html|archive-date=30 July 2017}}
=Cars=
Ellison owns many exotic cars, including an Audi R8 and a McLaren F1. His favorite is the Acura NSX, which he gave as gifts each year during its production. Ellison is also reportedly the owner of a Lexus LFA.{{cite web |url=http://lexusenthusiast.com/2011/06/10/is-larry-ellison-the-latest-lexus-lfa-owner/ |title=Is Larry Ellison latest LFA Owner? |website=Lexus Enthusiast |date=June 10, 2011 |access-date= June 10, 2011 |archive-date= June 12, 2011 |archive-url= https://web.archive.org/web/20110612113512/http://lexusenthusiast.com/2011/06/10/is-larry-ellison-the-latest-lexus-lfa-owner/ |url-status= live}}
=Homes=
Ellison styled his estimated $110 million Woodside, California, estate after feudal Japanese architecture, complete with a man-made {{convert|2.3|acre|ha|adj=on}} lake and an extensive seismic retrofit.{{cite web |url=http://www.house-arch.com/japanese-imperial-palace-of-oracle-ceo%E2%80%99s.html |title=Japanese Palace Style of Oracle CEO House |website=House & Architecture Design |date=October 16, 2011 |archive-url= https://web.archive.org/web/20111029231947/http://www.house-arch.com/japanese-imperial-palace-of-oracle-ceo%E2%80%99s.html |archive-date= October 29, 2011}} In 2004 and 2005 he purchased more than twelve properties in Malibu, California, worth more than $180 million. The $65 million Ellison spent on five contiguous lots at Malibu's Carbon Beach made this the most costly residential transaction in United States history until banker Ronald Perelman sold his Palm Beach, Florida, compound for $70 million later that same year.{{cite news |last=Geist |first=Isabella |url=https://www.forbes.com/2004/11/05/cx_cd_1105movers.html |title=Ron's $70 Million Sale |newspaper=Forbes |date=November 5, 2004 |access-date= September 2, 2017 |archive-date= January 20, 2018 |archive-url= https://web.archive.org/web/20180120182307/https://www.forbes.com/2004/11/05/cx_cd_1105movers.html |url-status= live}} The entertainment system at his Pacific Heights home cost $1 million, and includes a rock concert-sized video projector at one end of a drained swimming pool, using the gaping hole as a giant subwoofer.{{cite journal |first=Jack |last=Boulware |url=https://www.wired.com/wired/archive/10.11/power_houses_pr.html |title=Power Houses |journal=Wired |issue=October 2011 |access-date= June 4, 2013 |date=November 2002 |archive-date= June 28, 2013 |archive-url= https://web.archive.org/web/20130628230824/http://www.wired.com/wired/archive/10.11/power_houses_pr.html |url-status= live}}{{cite web |last=Wilson |first=Lizette |date=Jul 20, 2003 |title=Automatic House |url=https://www.bizjournals.com/sanfrancisco/stories/2003/07/21/focus1.html?page=3 |access-date=2021-08-03 |work=San Francisco Business Times |archive-date=August 2, 2022 |archive-url=https://web.archive.org/web/20220802131911/https://www.bizjournals.com/sanfrancisco/stories/2003/07/21/focus1.html?page=3 |url-status=live }}
In early 2010, Ellison purchased the Astors' Beechwood Mansion – formerly the summer home of the Astor family – in Newport, Rhode Island, for $10.5 million.{{cite web |url=https://www.businessinsider.com/larry-ellison-real-estate-2015-4 |title=Oracle billionaire Larry Ellison has an incredible real estate portfolio – take a look at his properties in Silicon Valley, Japan, Hawaii, and more |last=Leskin |first=Paige |website=Business Insider|access-date=2020-02-13|archive-date=February 29, 2020|archive-url=https://web.archive.org/web/20200229234435/https://www.businessinsider.com/larry-ellison-real-estate-2015-4|url-status=live}}
In 2011 he purchased the 249-acre Porcupine Creek Estate and private golf course in Rancho Mirage, California, for $42.9 million. The property was formerly the home of Yellowstone Club founders Edra and Tim Blixseth, and was sold to Ellison by creditors following their divorce and bankruptcy.{{cite web |first=Candy |last=Evans |access-date= April 9, 2011 |url=http://www.luxist.com/2011/02/09/larry-ellison-buys-porcupine-creek |title=Larry Ellison Buys Porcupine Creek |website=Luxist |date=February 9, 2011 |archive-url= https://web.archive.org/web/20110412063251/http://www.luxist.com/2011/02/09/larry-ellison-buys-porcupine-creek/ |archive-date= April 12, 2011 |url-status= dead}}
In December 2020, he left California and moved to Lānaʻi, of which he owns 98%.{{cite web |last=Schleifer |first=Theodore |date=2020-12-14 |title=Tech billionaire Larry Ellison has moved to Hawaii |url=https://www.vox.com/recode/2020/12/14/22174741/oracle-larry-ellison-moving-hawaii-tech-billionaire-lanai |access-date=2021-02-09 |website=Vox |language=en |archive-date=February 16, 2021 |archive-url=https://web.archive.org/web/20210216012030/https://www.vox.com/recode/2020/12/14/22174741/oracle-larry-ellison-moving-hawaii-tech-billionaire-lanai |url-status=live }}
In 2022, Ellison bought a 22-acre property in Manalapan, Florida for $173 million. He purchased it from Jim Clark, who in turn had acquired it from the Ziff family. It is the most expensive residential property purchase in Florida history.{{cite web |url=https://www.usatoday.com/story/money/2022/06/23/larry-ellison-oracle-billionaire-florida-home/7717443001/ |title=Larry Ellison: Oracle billionaire's $173M estate sets Florida record |work=USA Today |date= |accessdate=2022-08-15 |archive-date=August 15, 2022 |archive-url=https://web.archive.org/web/20220815005338/https://www.usatoday.com/story/money/2022/06/23/larry-ellison-oracle-billionaire-florida-home/7717443001/ |url-status=live }}
Books
- {{Cite book |last1=Symonds |first1=Matthew |first2=Larry |last2=Ellison |year=2004 |title=Softwar: An Intimate Portrait of Larry Ellison and Oracle |url=https://archive.org/details/softwar00matt |url-access=registration |location=New York |publisher=Simon & Schuster |isbn=978-0-7432-2505-2 |oclc=52638805 |ref=none}}
See also
References
{{Reflist|30em}}
=Works cited=
- {{Cite book |last1=Symonds |first1=Matthew |first2=Larry |last2=Ellison |year=2004 |title=Softwar: An Intimate Portrait of Larry Ellison and Oracle |url=https://archive.org/details/softwar00matt |url-access=registration |location=New York |publisher=Simon & Schuster |isbn=978-0-7432-2505-2 |oclc=52638805}}
Further reading
- {{Cite book |last=Filion |first=Avra Amar |year=2014 |title=The Ellison Effect |location=Melbourne, FL |publisher=Motivational Press |isbn=9781518380655 |oclc=1054829496}}
- {{Cite book |last=Leibovich |first=Mark |date=2002 |title=The New Imperialists: How Five Restless Kids Grew up to Virtually Rule Your World |url=https://archive.org/details/newimperialists00mark |url-access=registration |location=Paramus, N.J. |publisher=Prentice Hall Press |isbn=0735203172 |oclc=47990010}}
- {{Cite book |last=Stone |first=Florence M. |year=2002 |title=The Oracle of Oracle: The Story of Volatile CEO Larry Ellison and the Strategies Behind His Company's Phenomenal Success |url=https://archive.org/details/oracleoforaclest00flor |url-access=registration |publisher=AMACOM |edition=1st |isbn=978-0-8144-0639-7 |oclc=503229870}}
- {{Cite book |last=Wilson |first=Mike |year=1998 |orig-year=1997 |title=The Difference Between God and Larry Ellison*: Inside Oracle Corporation *God Doesn't Think He's Larry Ellison |url=https://archive.org/details/differencebetwee00mike |url-access=registration |location=New York |publisher=Quill: William Morrow |isbn=9780688163532 |oclc=53384755}}
External links
{{Commons category}}
{{Wikiquote}}
- [https://www.oracle.com/corporate/executives/ellison/ Profile] at Oracle Corporation
- [https://www.forbes.com/profile/larry-ellison Profile] at Forbes
- [https://www.bloomberg.com/billionaires/profile/larry-ellison Profile] at Bloomberg L.P.
- [http://news.bbc.co.uk/2/hi/in_depth/business/2000/microsoft/635364.stm Biography] at BBC News
- {{C-SPAN|33947}}
- {{Charlie Rose view|3383}}
- {{IMDb name|0255213}}
- {{NYTtopic|people/e/lawrence_j_ellison}}
- {{OL author}}
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