NET WORTH : $129.9 Billion Dollars
American businessman and entrepreneur Lawrence Joseph Ellison was born on August 17, 1944, and he co-founded Oracle Corporation, a software corporation. He served as Oracle's CEO from 1977 to 2014; he is currently the company's executive chairman and chief technology officer.
As of November 2023, he was listed by Bloomberg Billionaires Index as the fifth-wealthiest person in the world, with an estimated fortune of $130 billion. Ellison is also known for his ownership of 98% of Lānaʻi, the sixth-largest island in the Hawaiian Islands.
Early Life & Education
Ellison was born in New York City on August 17, 1944, to Jewish mother Florence Spellman, who was not married. An Italian-American pilot in the US Army Air Corps was his biological father. Ellison's mother relinquished him to her aunt and uncle for adoption when he was nine months old due to illness. His original mother was not seen again until he was 48 years old.
Ellison relocated to the South Shore, a middle-class area in Chicago at the time. While his adopted father, Ellison, had selected the name Ellison to honor Ellis Island, his port of entry into the United States, he remembered his adoptive mother, Lillian Spellman Ellison, as being kind and caring. A federal employee named Louis Ellison lost his little fortune in Chicago real estate during the Great Depression.
After graduating from Chicago's South Shore High School, Ellison was accepted to the University of Illinois at Urbana-Champaign, where he enrolled as a premed student. He received the title of scientific student of the year from the university. After his sophomore year, he withdrew without completing final examinations due to the recent death of his adopted mother. He studied physics and mathematics at the University of Chicago for one term after spending the summer of 1966 in California. It was there that he also discovered computer design for the first time. After that, he relocated to Berkeley, California, where he started working for several organizations as a computer programmer.
Early Age & Oracle
During his tenure at Ampex in the early 1970s, Edgar F. Codd's research on relational database architecture for IBM had an impact on him. This white paper sparked the establishment of the business that would eventually become Oracle in 1977. Following its success as a database vendor for mid- and low-range computers, Oracle went on to compete against Sybase (founded in 1984) and Microsoft SQL Server (a Sybase version developed in 1989). This led to Ellison's inclusion on Forbes' list of the world's richest people.
Companies Owned By Oracle
Micros Systems
Micros Systems, Inc., was an American computer company who manufactured hardware and developed software and services for the restaurant point of sale, hotel, hospitality, sports and entertainment venues, casinos, cruise lines, specialty retail markets and other similar markets. Analyst estimates cited in 2003 put Micros' market share at about 35% of the restaurant point-of-sale business. Independently active from 1978 to 2014, Micros is now owned by Oracle Corporation and renamed Oracle Food and Beverage and Oracle Hospitality (two of the global business units at Oracle Corporation). Micros was headquartered in Columbia, Maryland, United States, and the current business unit it still based there.
On June 23, 2014, Oracle Corporation announced its intent to purchase Micros Systems for $68 per share in cash for a total value of approximately $5.3 billion.
Incorporation Year : 1977
Revenue : $1 Billion Dollars
NetSuite
NetSuite Inc. is an American cloud-based enterprise software company that provides products and services tailored for small and medium-sized businesses (SMBs) including accounting and financial management, customer relationship management, inventory management, human capital management, payroll, procurement, project management and e-commerce software. NetSuite was founded in 1998 with headquarters in Austin, Texas. The company is widely seen as the first cloud computing software company, with its founding pre-dating that of Salesforce.com by about a month. Oracle Corporation acquired NetSuite for approximately US$9.3 billion in November 2016. The Oracle NetSuite Global Business Unit is managed by Executive Vice President Evan Goldberg as "Oracle’s Cloud ERP for Small and Mid-sized Enterprises with the ability to scale to Fortune 500 firms."
Incorporation Year : 1998
Revenue : $50 Billion Dollars
NetSuite Workforce Management
Workforce management (WFM) is an institutional process that maximizes performance levels and competency for an organization. The process includes all the activities needed to maintain a productive workforce, such as field service management, human resource management, performance and training management, data collection, recruiting, budgeting, forecasting, scheduling and analytics.
Workforce management provides a common set of performance-based tools and software to support corporate management, front-line supervisors, store managers and workers across manufacturing, distribution, transportation, and retail operations. It is sometimes referred to as HRM systems, Workforce asset management, or part of ERP systems.
Incorporation Year : 1980
Revenue : $24 Billion Dollars
Oracle Cerner
Oracle Cerner, formerly Cerner, is an US-based supplier of health information technology (HIT) platforms, services, and hardware. In February 2018, more than 27,000 facilities globally utilised Cerner products. The company had more than 29,000 employees globally, with over 13,000 in Kansas City, Missouri. Its headquarters are in the suburb of North Kansas City, Missouri.
In December 2021, Oracle Corporation announced an agreement to acquire Cerner for approximately $28.3 billion. The deal closed in June 2022. Cerner has since become part of the broader Oracle brand.
Incorporation Year : 1974
Revenue : $5.5 Billion Dollars
Oracle
Oracle Corporation is an American multinational computer technology company headquartered in Austin, Texas, United States. In 2020, Oracle was the third-largest software company in the world by revenue and market capitalization. The company sells database software and technology (particularly its own brands), cloud engineered systems, and enterprise software products, such as enterprise resource planning (ERP) software, human capital management (HCM) software, customer relationship management (CRM) software (also known as customer experience), enterprise performance management (EPM) software, and supply chain management (SCM) software
Incorporation Year : 1977
Revenue : $50 Billion Dollars
Dyn
Dyn, Inc. (/ˈdaɪn/) was an Internet performance management company that also dealt with web application security, offering products to monitor, control, and optimize online infrastructure, and also domain registration services and email products. The company was acquired by Oracle Corporation in 2016. It began operating as a global business unit of Oracle in 2017.
Incorporation Year : 2001
Revenue : $100 Million Dollars
CrowdTwist
CrowdTwist was a privately held company headquartered in New York City, New York, purchased by Oracle in 2019. Oracle CrowdTwist is a SaaS based omni-channel loyalty and analytics platform that is designed to allow marketers to acquire, engage and retain customers. The information gathered by CrowdTwist can be used and analyzed by companies to create customer profiles on both an individual and macro level. CrowdTwist investors include StarVest Partners, SoftBank Capital, Fairhaven Capital, KBS+P Ventures and Bertelsmann Digital Media Investments. Scott Matthews serves as CrowdTwist's chief executive officer.
Incorporation Year : 2009
Revenue : $1.2 Million Dollars
GloriaFood
Online food ordering is the process of ordering food, for delivery or pickup, from a website or other application. The product can be either ready-to-eat food (e.g., direct from a home-kitchen, restaurant, or a virtual restaurant) or food that has not been specially prepared for direct consumption (e.g., vegetables direct from a farm/garden, fruits, frozen meats. etc).
Online food ordering/delivery through third-party companies has emerged as a global industry, leading to a "delivery revolution" From 2018 to 2021, global revenues for the online food delivery sector rose from $90 billion to $294 billion.
Incorporation Year : 2013
Grapeshot
In artillery, a grapeshot is a type of ammunition that consists of a collection of smaller-caliber round shots packed tightly in a canvas bag and separated from the gunpowder charge by a metal wadding, rather than being a single solid projectile. When assembled, the shot resembled a cluster of grapes, hence the name. Grapeshot was used both on land and at sea. On firing, the canvas wrapping disintegrates and the contained balls scatter out from the muzzle, giving a ballistic effect similar to a giant shotgun.
Incorporation Year : 2004
Revenue : $30 Million Dollars
J.D. Edwards & Company
J.D. Edwards World Solution Company or JD Edwards, abbreviated JDE, was an enterprise resource planning (ERP) software company, whose namesake ERP system is still sold under ownership by Oracle Corporation. JDE's products included World for IBM AS/400 minicomputers (the users using a computer terminal or terminal emulator), OneWorld for CNC architecture (a client–server fat client), and JD Edwards EnterpriseOne (a web-based thin client). The company was founded March 1977 in Denver, Colorado, by Jack Thompson, C.T.P. "Chuck" Hintze, Dan Gregory, and C. Edward "Ed" McVaney.
Incorporation Year : 1977
Revenue : $934 Million Dollars
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