Lawrence Ellison Profile

World Billionaire Lawrence Ellison Profile

Lawrence Ellison
Lawrence Ellison
Name : Lawrence Ellison
2015 Rank : 5      2014 Rank : 5      2013 Rank : 5
2012 Rank : 6      2011 Rank : 5

Net Worth: $54.3 B (2015)

Fortune : Self Made

Source : Oracle

Country Of Citizenship : United States

Residence : United States

Education : University of Chicago‚ Drop Out

Date of Birth : August 17th 1944

Profession : Co-founder & CEO of Oracle Corporation

Family : Spouse(s): Adda Quinn (m. 1967

More About Lawrence Ellison


Lawrence Joseph Ellison‚ who is also popularly known as Larry Ellison‚ is an American business tycoon and the co-founder and CEO of Oracle Corporation‚ which is the leading global software enterprise. In the Forbes World top Billionaire list‚ he ranks in the 6th position with a net worth of $28 billion.

His venture‚ Oracle was started by him in 1977.

More about Lawrence Ellison

The cleverest strategy of this database titan had always been buying up the would-be competitors in the market. In the last 5 years‚ he had more than 57 acquisitions. He has bought the BEA Systems for $8.5 billion in January‚ 2008 while he is known to have invested $125 million in Web software outfit Netsuite‚ which makes him the owner of 52% stake at the company. He has also bought Sun Microsystems for $7.4 billion.

Ellison was also enlisted as the third richest American in Forbes list of billionaires. The Wall Street Journal had referred to him as the best-paid executive in the last decade. His total compensation was US $1.84 billion.

Ellison owns a 453-foot superyacht‚ Rising Sun and is a racing junkie by nature. He has won the America’s Cup in February last beating his rival Ernesto Bertarelli.

Charitable Donations of Lawrence Ellison

  • In 2004‚ according to the data quoted by the Forbes magazine‚ Ellison donated almost 1% of his estimated personal wealth‚ that is‚ $151‚092‚103 towards charitable donations the previous year.
  • The Ellison Medical Foundation funded the anti-aging research with an annual budget of $35 million
  • He had earlier pledged to donate $115 million to Harvard University‚ but later in June 2006‚ he declined for some specific reasons.
  • Ellison is one of those billionaires who have signed the “Giving Pledge”. As quoted by him‚ "Many years ago‚ I put virtually all of my assets into a trust with the intent of giving away at least 95 percent of my wealth to charitable causes. I have already given hundreds of millions of dollars to medical research and education‚ and I will give billions more over time. Until now‚ I have done this giving quietly—because I have long believed that charitable giving is a personal and private matter."
After the terrorist attacks on September 11‚ Ellison offered the Federal government software for running a national identification database and issue ID cards. This offer was however subjected to major controversies. Readmore...

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