One thing is certain: a significant percentage of the most influential people of the last three decades are nerds, computer nerds, more specifically. Let us just take a look at Steve Jobs, Bill Gates, Michael Dell and Larry Ellison.
Larry Ellison Net Worth - $49.7 Billion
Birth Name - Lawrence Joseph Ellison
Date of birth - August 17, 1944
Zodiac Sign - Leo
Birth Place - Manhattan, New York, U.S.
Nationality - American
Height - 6′ 3″
Profession - Entrepreneur, Programmer, Businessperson, Investor
These four people founded companies which, through their products, have shaped the world we live in right now. We cannot start the day without checking our iPhone, working on a Dell computer with Microsoft Windows OS, keeping our data organized in an Oracle SQL database.
So, database software created the almost too large to comprehend Larry Ellison net worth of $49.7 billions? Basically, yes, but there is a long story behind this huge fortune. It starts in New York, in 1944.
The First Years of Struggle: Larry Ellison is the son of an unmarried Jewish woman who had a relationship with an Italian US Army pilot. Little Larry got sick with pneumonia when he was only 9 month old, so his mother decided to let her aunt and uncle adopt him. She would not see her son again until he turned 48.
Larry grew up in the Jewish neighborhood of Chicago and enrolled in the Illinois University at Urbana, which he left before graduating the second year, due to his mother's demise.
After the summer passed, Larry Ellison signed up for classes within the University of Chicago, where he had the first contact with the concepts of computer design. After just one term in college, in 1966, 22-year old Larry Ellison abandoned college once again and moved to Northern California.
The First Code and the First Business Venture: During the ’70s, Ellison was working for the Ampex Corporation. One of his tasks there was to create a database for the CIA. Young Ellison named it Oracle, being inspired for this name by an Edgar F. Codd paper on relational database systems.
In 1977, he found two partners, came up with $1,200 of the total $2,000 capital and founded Software Development Laboratory. The company underwent 2 name changes: in became Relational Software Inc. in 1979 and Oracle Systems Corporation in 1982.
From this moment on, Larry Ellison had a complex career, including a public dispute with the CEO of a competitor company in 1994, serving as a director in Apple between 1997 and 2002 and acquiring Sun Microsystems company in 2010.
The innovations made by Oracle to computerized database systems have changed the way we keep and organize data at the present and explain the tremendous success and net worth accumulated by Larry Ellison.