fbpx

They are The 10 Richest People in America 2016

3. LARRY ELLISON Net Worth: $54.3 BILLION

The American businessman is best known for Oracle Corporation, an enterprise software company where he is the co-founder and chief executive officer.

He was born in NYC to a single Jewish mother. But her mother gave him for adoption when he was only nine months. Larry met her biological mother again when he was 48.

Graduated from Eugene Field Elementary School in Chicago in 1958 and attended Sullivan High School.

Although he was raised into a religious environment, Ellison refused to have a bar mitzvah when he was 13 years old. He remained skeptical regarding the religion.

His first serious job was in the 1970 when he began working for Ampex Corporation. Basically, his work included a database for CIA which he named Oracle.

Seven years later he founded Software Development Laboratories with two partners and a small investment.

Two years later the company changed its name into Regional Software Inc., but in 1982 officially became Oracle Systems Corporation.

In 1990, Oracle Systems went to a financial crisis, which forced them to lay off 10% of its workforce.

Oracle had to restate its earnings, not once, but twice. But today Oracle still exists and Larry Ellison can enjoy his $54.3 billion in peace.
NEXT: #2. WARREN BUFFETT

Latest Posts

More amazing stories from Alux

15 Things That Instantly Lower Status

15 Things That Instantly Lower Status

10 Ways To Instantly Improve Your Life

10 Ways To Instantly Improve Your Life

15 Things to Avoid During the Holidays

15 Things to Avoid During the Holidays

15 Life-Changing Lessons We Learned in 2023

15 Life-Changing Lessons We Learned in 2023

15 Ways To Become A Lifelong Learner

15 Ways To Become A Lifelong Learner

15 Ways to Prepare for a Great Day Tomorrow

15 Ways to Prepare for a Great Day Tomorrow