Larry Ellison is the CEO of Oracle Corp. One of the richest man in the world and in America, Ellison is a real life Iron Man with a love for technology, the money to spend, Malibu mansion, own tower and an R8.
Net Worth: $42 Billion
Source: Oracle Corp.
Date of Birth: August 17 1944
Ellison was born in New York City; his mother was Florence Spellman, an unwed 19 year old girl of Jewish heritage while his father was an American U.S. Air Force pilot. When he contracted pneumonia at the age of nine months, his mother gave him up for adoption. Ellison reunion with his biological mother was after he was 48.
The Real Life Iron Man
Graduating from Eugene Field Elementary School in Chicago in January 1958, Larry attended Sullivan High School before moving to South Shore. He grew up in Chicago's South Shore middle-class neighborhood. Ellison remembers his adoptive mother as loving and caring, in stark contrast to his strict, unsupportive, and often distant foster father.
Although he was raised in a Jewish home by his foster parents, who attended synagogue regularly, he remained an agnostic.
Ellison was a bright but inattentive student. He dropped out of the University of Illinois at Urbana-Champaign after his second year, after not taking his final exams due to the passing of his foster mother. After spending a summer in northern California, he joined the University of Chicago where he first learned of computer design but dropped after one term. He moved to northern California when he was 22 in 1966
Ellison worked for Ampex Corporation building the first IBM compatible mainframe system after a brief stint at Amdahl Corporation during the 1970s. His projects included a database for the CIA, which he named "Oracle". Inspired by the paper written by Edgar F. Codd on relational database systems, he founded Software Development Laboratories (SDL) with two partners and an investment of $2,000 in 1977.
SDL was renamed into Relational Software incorporated in 1979, and officially became Oracle Systems Corporation in 1982 named after their best selling product, the Oracle Database.
All of Ellison’s four marriages have ended in divorce. His first marriage was with Adda Quinn which lasted for 7 years (1967 – 1974). His next marriage was with Nancy Wheeler Jenkins which he divorced after a year (1977 – 1978). He was single for 5 years and then married his third wife Barbara Boothe which was a former receptionist at his company. They had two children, David Ellison and Megan Ellison. They were married for three years (1983 – 1986). Seventeen years later Ellison married his fourth wife Melanie Craft, a romance novelist but divorced her after seven years (2003 – 2010).
Ellison and third wife, Barbara Boothe and daughter, Megan
Ellison and fourth wife, Melanie Craft
Ellison with son, David
Larry Ellison is known for his love of outdoor sports, one of his hobbies is yachting. He is a principal supporter of the BMW Oracle Racing. As a certified pilot, he also practices aerobatics in many private jets, some of which are decommissioned fighter planes. In 1998, Ellison won the Sydney to Hobart race, surviving harsh, near hurricane winds that sank five boats and drowned six participants.
Besides yachts, Ellison is also known for his tastes in expensive cars. His collection includes an Audi R8, McLaren F1 and his favorite Acura NSX.
Ellison styled his estimated $70 million Woodside, California, estate after feudal Japanese architecture, with a man-made 2.3-acre lake and an extensive seismic retrofit.
In 2004 and 2005, Ellison purchased more than 12 properties in Malibu, California; Ellison spent $65 Million on five contiguous lots on Malibu's Carbon Beach.
His entertainment system 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.
In early 2010 Ellison purchased the Astor's Beechwood Mansion in Newport, Rhode Island for $10.5 million.
In 2011 Ellison purchased the 249 acre Porcupine Creek Estate and private golf course in Rancho Mirage, CA for $42.9 million.
Larry Ellison has donated to a number of charity foundations and states that he will make more donations publicly and privately.
Ellison makes a cameo appearance in Iron Man 2