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Person Of The Month- Larry Ellison

Person Of The Month- Larry Ellison

Larry Ellison is a 78-year-old co-founder and former CEO of the American computer technology company Oracle Corporation, famous business tycoon and visionary entrepreneur. He is known for his charismatic leadership style and his relentless pursuit of success. His innovative ideas and bold business strategies made him one of the wealthiest people in the world. In a nearby year, he became a major player in the world of professional sailing and funding.

Software giant, Oracle corporation was founded in 1977 and later on,  it became a successful database supplier for both small and medium-sized businesses. Ellison was pinned as richest person in the world by Forbes, as the company competed with Sybase and Microsoft. Larry was also appointed as the CEO of Apple computer after Steve Jobs returned to the company. Larry Ellison’s impact on the tech industry and beyond is undeniable, making him a worthy candidate for person of the Month.

Quick fact on Larry Ellison

Date of birth: 17 August 1944

Place of Birth: Bronx, New York city, New York, U.S.

Occupation: Businessman, investor

Education: The University of Chicago, University of Illinois

Tittle: Co-founder, executive chairman and CTO of Oracle corporation

Age:       78 years

Founder: Oracle Corporation

Martial status: In relationship

Spouse’s Name: Melanie Craft(2003-2010), Barbara Boothe ( 1983- 1986)

Children: Megan Ellison and David Ellison

Citizenship: United State

Height: 1.91 m

Parents: Florence Spellman, Lillian Ellison, Louis Ellison

Net worth: 11,880 crore

Larry Ellison Net worth

Larry is a billionaire and most of the wealth comes through partnership with Oracle. Ellison’s net worth is estimated to be around $96 billion, according to Forbes real- time billionaire tracker as of April 2023. His total assets are estimated to be $88 billion.

Larry’s per year salary is 60000 crore rupees which is huge in number and beyond imagination that is why Larry stood in the position 9th among the richest men in the United state and 10th richest man in the world. Ellison is known for his luxurious lifestyle and passion for yachting, including his ownership of several multimillion-dollar yachts.

Larry Ellison net worth growth

As per the estimation in comparison to each passing year is given below in the tabular form. By looking at this table one can easily notice the sharp curve that ensures the growth and success of Oracle Corporation.

Net worth in 2023           $ 106.2 Billion

Net worth in 2022           $ 98 Billion

Net worth in 2021            $ 91 Billion

Net worth in 2020            $ 85 Billion

Net worth in 2019            $ 80 Billion

Companies owned by Larry Ellison

Ellison has acquired numerous other companies, either through direct purchase or through Oracle’s acquisition Strategy. Here are the names of the notable companies owned by Larry Ellison.

Netsuite- Oracle acquired Ellison’s investment firm, Netsuite in 2016 for $93 billion. It is a cloud-based software company that offers a range of business management software solutions.

Pillar data system –Ellison acquired Pillar data System in 2011. It is a storage technology company that provides high-performance storage solutions to businesses.

Sun Microsystems –This company was a major player in server, storage, and software markets. Oracle acquired this company in 2010 for $7.4 billion and giving Ellison control of one of the world’s largest software and hardware company.

BEA system –Oracle acquired the BEA system in 2008 for $8.5 billion. It is software company that mainly work on enterprise infrastructure software, including application servers, portals and messaging systems.

PeopleSoft- This company was acquired by Oracle in 2005 for $ 10.3 billion. PeopleSoft was a software company that specialised in human resource management, financial management and supply chain management software.

What is the Monthly income of Larry Ellison ?

As per 2023 estimation, the monthly income of Larry is $700 million+. If we count Ellison’s network in Indian rupees, then it is about 7.5 lakh crore rupees. Shares of Oracle have jumped over the last two weeks adding billions of dollars to Ellison’s net worth.

What type of Leader is Larry Ellison?

Ellison is a confident, self-motivated and determined leader who transformed a start-up into a multi billionaire company through the hard work, and attitude to win any task. They believed that Ellison possessed many quality of a great leadership based on his work management, task performing and positive attitude to win.

When Larry Ellison become Richest man?

Oracle under the leadership of Larry Ellison grew into the largest supplier of database software and the second largest supplier of business applications in the world. Until 1992, when the company grew steadily then the Oracle 7 release swept the market and made Ellison Larry a billionaire.

Bottom Line takeaways

Larry Ellison is a smart leader and visionary businessman who knows how to build a successful venturefrom the scratch which is provided or have. As he did with the Oracle that he had set up as a world’s most valuable company from the startup only.

Once Larry in his early life predicted that internet would be the future of computing and which becomes true in real also. By which he had given the industry a idea of development in the field of internet-compatible business application. This created a way for Oracle to become more successful day by day.

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