Ellison is an American billionaire and successful entrepreneur. He is helping his close friend Elon Musk at the Tesla board of directors.
He is co-
He was born in the Bronx and was raised by his aunt and uncle. He was later adopted. He dropped out of school when is adoptive mother died.
As a young man he bounced from job to job. For a short period he attended the University of Chicago. But he dropped out after the first semester.
He started working as a programmer. And in a few years he founded his own company named Software Development Labs.
The name Oracle finds its origin in a database for the CIA, which Ellison built in that period. When IBM adobted the Oracle database for its own mainfraim the company grew quickly.
The company is now one of the world's largest enterprise software companies. Oracle is based in Silicon Valley.
In 2018 Ellison hold a 22.5% stake in Oracle, which makes him one of the richest persons in the world. He has an estimated net worth of US$ 55 billion.
He is also known as a succesful real estate developer. And he has a large art collection.
His base salary is just US$ 1.00 per year. But his total compensation in (stock) options is around US$ 45 million per year. He owns 1.1 billion stocks in Oracle.
The Oracle CEO receives an annual dividend of more than US$ 500 million per year. These amounts sufficiently support his expensive lifestyle with yachts and private jets.
Ellison is an active philanthropist through his own foundation. In 2018 he donated US$ 200 million to the University of Southern California. It was to establish a research center for the treatment and prevention of Cancer.
During the 1970’s he worked on a database for Ampex Corporation. This inspired him to found the ‘Software Development Laboratories’ in 1977.
SDL was later renamed Oracle after its successful product. This was the Oracle database.
In 2015 Oracle Corporation has more than 135.000 employees. Oracle realizes sales of USD 38 billion with a net profit of USD 10 billion.
Ellison is the owner of a Gulfstream G650 private jet with registration N817GS. Ellison bought the jet in 2015. The G650 has a list price of US$ 75 million.
The jet is registered to the company Wing and Prayer Inc. The company is owned by Ellison. Ownership is confirmed in this court document. Although the case relates to an older jet also owned by Ellison.
He owns many houses around the world. But his most notable are his Japanese themed house in Woodside, San Francisco. The 23 acres estate was built in 1999. It has an estimated value of US$ 200 million. He also owns a golf estate in Rancho Mirage and a house in Atherton.
He also owns the Hawaiian Island of Lanai, for which he paid US$ 300 million. Lanai is the sixth-
He owns more than 10 properties on Carbon Beach in Malibu. The area is known as billionaire beach. In 2017 he paid US$ 48 million for a house with tennis court and pool. And in 2018 he paid US$ 38 million for Joe Silver’s beach house.
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He has owned several superyachts:
* the 58 meter Lurssen yacht Ronin designed by Norman Foster,
* the 75 meter Blohm and Voss yacht Katana (now named Enigma),
* the 138 meter Lurssen yacht Rising Sun (which is now owned by David Geffen)
* the 88 meter Feadship motor yacht Musashi. This is his current yacht.
Ellison actually sold Rising Sun, as he considered her too large. She is unable to access interesting yachting destinations. He replaced her with the ‘smaller’ 88 meter Mushashi. The yacht is used as support vessel at the america cup.
The yacht Katana was built as Eco for the Mexican media billionaire Emillio Azcarraga. He was founder of Televisa.
Azcarrage died in 1997. Hhe actually died on board his luxury yacht near Miami. His family sold the yacht after a few years.
Ellison’s yacht Ronin was built in 1993. Her Japanese millionaire owner named her Izanami. Izanami was sold in 1999 to Ellison.
Ellison in his turn sold Ronin to Venezualan banker Victor Vargas. He is owner of the Banco Occidental de Descuento. In 2013 Ronin underwent a refit at Lurssen Yachts.