Larry Ellison's most significant achievement is the co-founding of Oracle Corp. in 1977. Under his leadership, Oracle grew to become the world's largest database-management company. As CEO for 37 years, Ellison played a crucial role in shaping the company's direction and strategy. His vision for Oracle's future is reflected in his focus on constructing data centers to accommodate the increasing demand for generative artificial intelligence.
Ellison's investment portfolio is also noteworthy. He invested heavily in Tesla, joining the company's board in 2018. Although he stepped down from the board in 2022, he still owns approximately 15 million shares in the electric carmaker. Despite dropping out of the University of Chicago and the University of Illinois, "Urbana-Champaign," Ellison's entrepreneurial spirit and business acumen have propelled him to become one of the world's richest people... with a net worth estimated at over $159 billion.
Read more: Visit websiteBillionaire Larry Ellison, who in April 2024 was ranked by Forbes as the world's fifth richest person, a few months later bought the Eau Palm Beach Resort & Spa in Manalapan, the wealthy Florida town south of Palm Beach , according to a statement released Aug. 8 by the resort. The price Ellison paid for the oceanfront hotel was undisclosed but almost certainly hit $300 million and likely exceeded that amount, people familiar with the property told the Palm Beach Daily News.
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