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He Earned ₹8.83 Lakh Crore in One Day: Who Is He?

He Earned ₹8.83 Lakh Crore in One Day: Who Is He?

Larry Ellison: Lawrence Joseph Ellison, who is also known as Larry Ellison, was born on August 17, 1944, in New York City. According to the reports, he was adopted by his aunt and uncle and never met his biological parents. He was adopted at the age of just nine years old. Growing up in a modest household, Ellison faced financial struggles and had a complicated relationship with his adoptive father. Although he was intelligent, Ellison dropped out of both the University of Illinois and the University of Chicago, choosing to seek opportunities beyond formal education. That decision changed his life forever.


Who is Larry Ellison?

He co-founded Software Development Laboratories (SDL) while he was working as a programmer in the 1970s. He co-founded this company with Bob Miner and Ed Oates. Later, they changed the company name to Oracle Corporation. This was inspired by a U.S. government paper on relational databases. Oracle’s big breakthrough came when it supplied database systems to the CIA, pushing it ahead as a global database leader by the 1980s. Under the bold and ruthless leadership of Ellison, Oracle has grown very fast. Their growth has left competitors like IBM and other companies way behind. The company expanded beyond databases into cloud, enterprise software, and AI, transforming into one of the largest software firms in the world.


Also Read: US Proposes Outsourcing Tax, Should India’s IT Sector Worry?

Today, Oracle is one of the most reputable IT companies in the world. As per the reports, the market capitalization of this company is around $896 billion (₹79.15 lakh crore). Recently, Ellison has created a history of becoming the richest person in the world by surpassing Elon Musk with a staggering net worth of $393 billion (₹34.71 lakh crore). From a difficult childhood to the pinnacle of global wealth, Larry Ellison’s journey is nothing short of extraordinary.

 

 

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