Larry Ellison Net Worth
How Much Does Larry Ellison Make?
Larry Ellison is an American business magnate, co-founder and chief executive officer of Oracle Corporation, a major enterprise software company. As of 2010 he is the sixth richest person in the world, with a personal wealth of $28 billion.
Larry Ellison was born in New York City to Florence Spellman, a 19-year-old unwed Jewish mother. At his mother's request, he was given to his mother's aunt and uncle in Chicago to raise. Lillian Spellman Ellison and Louis Ellison adopted him when he was nine months old. Ellison did not learn the name of his mother or meet her until he was 48; the identity of his father is unknown.
During the 1970s, Ellison worked for Ampex Corporation. One of his projects was a database for the CIA, which he named "Oracle".
Ellison was inspired by the paper written by Edgar F. Codd on relational database systems called "A Relational Model of Data for Large Shared Data Banks". He founded Oracle in 1977, putting up a mere $1400 of his own money, under the name Software Development Laboratories (SDL). In 1979, the company was renamed Relational Software Inc., later renamed Oracle after the flagship product Oracle database.
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