Biography of Larry Ellison is a crazy, billionaire and leader of Oracle Corporation
Larry Ellison is not the typical billionaire. In addition to owning the world’s second software company, he rides a sports car, buys expensive real estate and does extreme sports.
Larry Ellison’s biography is the path of a poor boy from a Jewish family, which his mother could not provide, to one of the richest people in the world.
Difficult childhood and difficult starting career that Larry Ellison did not break
The future billionaire’s childhood cannot be called happy. Larry Ellison was born on August 17, 1944 and he contracted pneumonia already at the age of 9 months. The mother, barely making ends meet, could not provide her son with proper attention and understood that she was not able to support him in the future. She gave the boy upbringing to her uncle and aunt from Chicago. Relatives were Jewish by nationality, and, hiding it, took the name of Allison.
Larry Ellison grew up in a poor and disadvantaged area, but managed to finish school and enrolled at the University of Illinois, where he had not studied for two years. The reason was the depression caused by the death of the adoptive mother. Recovering, the young man again tried to return to school, but at the University of Chicago. Here he stayed only a couple of months, but managed to get acquainted with computer technology.
In 1922, he moved to California, closer to Silicon Valley. At first, I worked as a programmer and gained experience. In 1970, he was lucky to get a position in Ampex Corporation. Here he participated in the creation of the first IBM-compatible server system.
The origin of Oracle
Oracle, the main brainchild of Larry Ellison, appeared in 1977 under the name Software Development Laboratories (SDL). The startup was engaged in the creation of databases, the need for which at that time grew in business at a frantic pace.
Despite the fact that some of them were already on the market, they had a significant drawback – they were developed for a specific computer and could only work on it.
Realizing this market need, Larry Ellison and partners focused on building database management systems and microcomputers. Ellison himself put at the head of the business strategy the versatility of databases that were supposed to work on any computers.
The company received the first large order for the creation of one of such databases from the CIA. Despite the fact that it had never been executed, Ellison called the upcoming project Oracle, and then, in 1982, he renamed the whole business.
Until the end of the 1980s, Oracle managed to release several versions of database management systems and conduct an IPO. The 90s turned out to be a test for Ellison as a manager.
His company developed so rapidly that part of the workforce and top management representatives simply did not meet this pace. As a result, the corporation lost more than 80% of the cost and was on the verge of a crisis. Larry Ellison had to lay off 400 employees and begin a tough management of his business, thanks to which he was able to get him back on track.
The 2000s and 2010s were noted for great success for both Oracle and the entrepreneur himself. During the period from 1999 to 2009, he received the title of the highest-paid top manager of the United States. At the same time, Oracle continued to release new software versions and absorbed other companies. From 2005 to 2016, the corporation spent more than 60 billion dollars on this direction. One of its biggest acquisitions was the merger with Sun Microsystems – a major software maker.
Larry Ellison is an eccentric billionaire of Silicon Valley
Larry Ellison in life corresponds to his managerial grip and leadership style. He loves sailing, races on sailboats. He also owns an island in Hawaii, a couple of planes and yachts, one of which, Rising Sun, is estimated at $ 200 million. The rock star of Silicon Valley loves to speak in public, and the presentation of the development turns into a full show.