Larry Ellison Bio | Wiki
Larry Ellison ( Full name: Lawrence Joseph Ellison) is an American business magnate and investor. He is the co-founder of the American computer technology company Oracle Corporation and serves as its executive chairman and chief technology officer. Former, Larry served as the chief executive officer (CEO) of the company. Also, he is known for his 98% ownership stake in the sixth-largest island in the Hawaiian Archipelago called Lanai.
Larry Ellison Age
He was born on August 17, 1944, in New York City, United States of America. Larry is 78 years old.
Larry Ellison Height
He is a man of above-average stature. Larry stands at a height of 6 ft 3 in ( Approx 1.91 m).
Larry Ellison Family
He was born in New York City, to an unwed Jewish mother. Larry’s biological father was an Italian-American United States Army Air Corps pilot. After he contracted pneumonia at the age of nine months, Larry’s mother gave him to her aunt and uncle for adoption. Larry did not meet his biological mother again until he was 48. He relocated to Chicago’s South Shore, then a middle-class neighborhood.
Larry remembers his adoptive mother as warm and loving compared to his austere, unsupportive, and often distant adoptive father, Louis Ellison. Louis chose Larry’s last name “Ellison” to honor his point of entry into the United States where he settled on Ellis Island. Louis served as a government employee and made a small fortune in Chicago real estate. However, he lost it during the Great Depression.
Although Larry was raised in a Reform Jewish home by his adoptive parents, he remained a religious skeptic. His adoptive parents attended synagogue regularly. Larry refused to have a bar mitzvah celebration when he reached 13. He says that his fondness for Israel is not connected to religious sentiments but rather a result of the innovative spirit of Israelis in the technology sector.
Larry Ellison Education
He joined South Shore High School in Chicago where he earned his high school diploma. He was then admitted to the University of Illinois at Urbana–Champaign where he was enrolled as a premed student. At the university, Larry was named science student of the year. After his sophomore year, Larry withdrew without taking final exams because his adoptive mother had just died. He spent the summer of 1966 in California before attending the University of Chicago for one term. Larry studied physics and mathematics. Also, he encountered computer design for the first time. Larry moved to Berkeley, California in 1966 at the age of 22.
Larry Ellison Spouse | Wife
He has been married and divorced four times. In 1967, Larry married his first wife called Adda Quinn 1967 but divorced her in 1974. He then married his second wife called Nancy Wheeler Jenkins in 1977. The two married six months before Larry founded Software Development Laboratories. The couple divorced in 1978 with Wheeler giving up any claim on Larry’s company for $500.
Larry married his third wife called Barbara Boothe in 1983. Boothe was a former receptionist at Relational Software Inc. (RSI). The couple had two children namely David and Megan. They divorced in 1986. Larry married his fourth wife called Melanie Craft who is a romance novelist. The couple wedded on December 18, 2003, at his Woodside estate. Larry’s friend called Steve Jobs was the official wedding photographer. Steve is a former CEO and co-founder of Apple Inc. Representative Tom Lantos officiated the wedding. The couple divorced in 2010.
Larry Ellison Children | Daughter
He had two children with his third wife Barbara Boothe called David and Megan. They are film producers at Skydance Media and Annapurna Pictures, respectively. Larry made a brief cameo appearance in the 2010 movie titled Iron Man 2. He purchased a 50% share of the BNP Paribas Open tennis tournament in 2010. Currently, he owns many exotic cars, including an Audi R8 and a McLaren F1. His favorite is the Acura NSX. He is known to give it as gifts each year during its production. Also, Larry is reportedly the owner of a Lexus LFA.
Larry Ellison Lanai | House Lanai | Island
The governor of Hawaii called Neil Abercrombie, declared on June 21, 2012, that Larry had signed an agreement to buy most of the island of Lanai from the Castle & Cooke company. The company is owned by David H. Murdock. After the purchase, Larry owns 98% of Lanai, Hawaii’s sixth-largest island. He left California and moved to Lanai in December 2020. Larry purchased a 22-acre property in Manalapan, Florida in 2022 for $173 million. He bought the property from Jim Clark, who in turn had acquired it from the Ziff family. This property is the most expensive residential property purchase in Florida’s history.
Larry Ellison Yacht
He sold his share of Rising Sun during the economic downturn of 2010. Rising Sun is the 12th largest yacht in the world which was bought by David Geffen and became the sole owner. The vessel is 453 feet (138 meters) long. It reportedly cost more than $200 million to build. Larry downsized to a 288-foot (88-meter) yacht called Musashi built by Feadship.
Larry Ellison Oracle
He competes in yachting through Oracle Team USA. After success racing Maxi yachts, Larry founded BMW Oracle Racing to compete for the 2003 Louis Vuitton Cup. His Oracle team introduced kite yachting into America’s Cup environment in 2002. During testing in New Zealand, Kite sail flying lasting about 30 minutes was achieved. For the 2007 America’s Cup in Valencia, Spain, BMW Oracle Racing became the “Challenger of Record” on behalf of the Golden Gate Yacht Club of San Francisco.
However, it was eliminated from the 2007 Louis Vuitton Cup challenger-selection series in the semi-finals. Larry’s yacht USA 17 won the second race in the best of three “deed of gift” series of the 33rd America’s Cup on February 14, 2010. It had won the first race two days earlier. Larry and his BMW Oracle team became the first challengers to win a “deed of gift” match and secured a historic victory.
The victory returned The Cup to American shores for the first time since 1995. Larry was the crew member in the second race. He previously had filed several legal challenges, through the Golden Gate Yacht Club, against the way that Ernesto Bertarelli proposed to organize the 33rd America’s Cup after the 2007 victory of Bertarelli’s team Alinghi. Ernesto Bertarelli is one of the world’s richest men. The races were finally held in Valencia in February 2010
Larry Ellison House Woodside | Woodside House | Japanese House
He styled hisWoodside, California, estate estimated to be $110 million after feudal Japanese architecture. The estate was complete with a man-made 2.3-acre (0.93 ha) lake and an extensive seismic retrofit. Larry bought more than 12 properties in Malibu, California in 2004 and 2005 worth more than $180 million. He spent $65 million on five contiguous lots at Malibu’s Carbon Beach making this the most costly residential transaction in United States history.
However, banker Ronald Perelman sold his Palm Beach, Florida, compound for $70 million later that same year and broke Larry’s record. Larry’s entertainment system at his Pacific Heights home cost $1 million. The system includes a rock concert-sized video projector at one end of a drained swimming pool. It uses a gaping hole as a giant subwoofer.
Larry Ellison Indian Wells
He bought the Indian Wells Tennis Garden in 2009, a tennis facility in California’s Coachella Valley. Also, Larry bought the Indian Wells Masters tournament for $100 million. He has subsequently invested another $100 million into the club.
Larry Ellison Home | Hawaii
He bought the Astors’ Beechwood Mansion in Newport, Rhode Island, for $10.5 million in early 2010. The Mansion was formerly the summer home of the Astor family. Larry bought the 249-acre Porcupine Creek Estate and private golf course in Rancho Mirage, California in 2011 for $42.9 million. Formerly, this property was the home of Yellowstone Club founders Edra and Tim Blixseth.
The property was sold to Larry by creditors after the couple divorced and was declared bankrupt. The governor of Hawaii called Neil Abercrombie, declared on June 21, 2012, that Larry had signed an agreement to buy most of the island of Lanai from the Castle & Cooke company. The company is owned by David H. Murdock. After the purchase, Larry owns 98% of Lanai, Hawaii’s sixth-largest island.
Larry Ellison Tesla
Forbes estimated that Larry was the 4th richest person in tech in 2017. According to Forbes, his net worth was about $54.5 billion, as of June 2018. Larry became a director on the board of Tesla, Inc., in December 2018 after he bought 3 million shares earlier that year. However, he left the Tesla Board in August 2022. Larry owns 36.2% of the shares of Oracle Corporation and 1.7% of the shares of Tesla as of December 31, 2019. He is said to be the seventh wealthiest person in the world as of June 2020, with a net worth of $66.8 billion.
Larry Ellison Net Worth
He was listed as the ninth-wealthiest person in the world in September 2022 by Bloomberg Billionaires Index. Larry’s wealth was estimated to be $93 billion.
How Old Is Larry Ellison
Larry is 78 years old. He was born on August 17, 1944, in New York City, United States of America.
Who Is Larry Ellison
Larry is an American business magnate and investor. He is the co-founder of the American computer technology company Oracle Corporation and serves as its executive chairman and chief technology officer. Formerly, Larry served as the chief executive officer (CEO) of the company.