Biography Of Larry Ellison

Top 5 Richest Entrepreneur In America

Basic Info

Lawrence J. Ellison was born in the Bronx, New York. At age 33, Ellison and two of his Amdahl colleagues, Robert Miner and Ed Oates, founded their own company, Software Development Labs, which is now call Oracle Corporation. Still the CEO of his company, age 71.

Education Info

Larry Ellison attend the University of Illinois and the University of Chicago. Ellison did not finish college due to his adoptive mother's death. He really do not need to finish college to start his own business. He pick up some of the important computer skill when he attend the University of Chicago that all he needs.

Business Info

Ellison and his partners won a two-year contract to build a relational database management system (RDBMS) for the CIA; it set the business going. Ellison have a few members to do the work quick and efficient.In 1980, Ellison's company had only eight employees, and revenues were less than $1 million, but the following year. Oracle is a database management software that keeps the economy to be in track; it took 10 years for the company to be fully functional. In 1990, Oracle's market capitalization fell by 80 percent and the company appeared to be on the verge of bankruptcy. Accepting the need for drastic change, he replaced much of the original senior staff with more experienced managers. This is the only business Ellison created.

Unusual Facts

Ellison suffered serious injuries while body surfing and mountain biking. Race his 78-foot yacht,Sayonara, and to practice aerobatics in a succession of private jets, including decommissioned fighter planes. Ellison's victory brought the 159-year-old America's Cup, the oldest trophy in international sports, back to the United States for the first time in 15 years.