Larry Ellison - Billionaire "abandoned by his biological mother" from the age of 1, came to establish Oracle Corporation | G Bat Mi
00:00 Billionaire Larry Ellison Biography
01:08 Larry Ellison's poor childhood
03:11 Larry Ellison's career journey with Oracle
06:27 Larry Ellison's Private Life
1. Larry Ellison's poor childhood, lacking his biological mother when he was less than 1 year old.
Born into a poor family, Larry Ellison when he was only 9 months old, he unfortunately contracted pneumonia, and because there was no money for treatment, his biological mother sent him to live with his aunt and uncle, Lillian and Louis Ellison in Chicago.
Unlike other tech billionaires, Larry Ellison did not have an early exposure to computer technology, he learned about computers through books, and devoted himself entirely to math and science.
After finishing high school, Larry Ellison passed the entrance exam to the University of Illinois in 1962, and was named science student of the year. His sophomore year of college, his adoptive mother died, and Ellison decided to drop out of college, when he couldn't afford the tuition. After that, he enrolled at the University of Chicago, and it was there that he first had the opportunity to come into contact with computers, and aroused in him a strong passion. However, he was only allowed to study for one semester, because the poor family could not afford the next semester's expenses.
In 1966 the 22-year-old Ellison decided to go away to start a business with some savings, he left Chicago to move to Berkeley, California, near Silicon Valley, because he had a vision for the technology industry, will make great strides in the coming decades.
2. Larry Ellison's Career Journey with Oracle Corporation.
Berkeley, California - The neighborhood where Ellison lived at the time, bordered on what was becoming a hub for America's top tech brains, and it wasn't long before people knew what it was. name of Silicon Valley.
In about 8 years, Ellison went through a lot of work, and he himself learned and improved very quickly, in computer and programming skills. Later, Larry Ellison worked as a programmer at Amdahl, and he was first exposed to the IBM server system.
In 1977, after leaving Amdahl Corporation, Larry Ellison established SDL software development laboratory with 2 partners. In 1979, SDL was renamed Relative Software Inc.
Until 1983, the flagship product Oracle database was born, Relative Software Inc., officially changed its name to Oracle Corporation.
However, by 1990, Oracle's market capitalization had dropped by about 80%, due to misdirection on the part of management, bringing the company to the brink of bankruptcy, and they had to lay off 10% of its employees. It was close to 400 people then. Less than a decade after its dream start, Oracle is in danger of becoming a lucrative piece of meat, as competitors jostle for market share.
After that, Larry Ellison tried everything, let the company recover, and then a strong and comprehensive "blood change" for Oracle, replacing most of the original senior employees, with seasoned managers. more experienced. For the first time he left business management to professionals, and shifted the focus to product development. A new version of the Oracle 7 database, released in 1992, swept the management software market, and after only two years, the company's stock had stabilized.
Although the competition between Oracle, IBM, and Microsoft, is still extremely fierce, but Larry Ellison always knows how to maintain Oracle's position in the world technology industry for many years.
Since 2010, billionaire Larry Ellison began to want to withdraw from the playing field, of the technology world, he completely left the management power to other leaders.
In 2014, Ellison officially stepped down as CEO of Oracle, and ceded power to Hurd and Katz. At that time, Larry Ellison was in 5th place, in the list of the richest people in the world.
Oracle as of 2023, is the second largest software company in the world, after Microsoft of Bill Gates.
Billionaire Larry Ellison is famous for his extravagant, strong temperament, but still keeping his "cold" head, he is ready to insult without words, or even sue his opponents.
3, Larry Ellison's private life, 4 times married and also divorced 4 times.
Up to the present time, Larry Ellison has been married and divorced 4 times.
Larry Ellison did not succeed early, but he has always strived and strived to reach the success that he is today. At the present time, he owns $ 142 billion, and is the 4th richest billionaire in the world!
Video copyright: O.C The Media
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