in Business Startups by Greg Mikesell

Larry Ellison of OracleOracle Corporation is a computer technology powerhouse co-founded by Larry Ellison.

Based in the United States in Silicon Valley, it has impacted the world ever since its first database product entered the market back in it’s startup days in the late 1970’s.

Now, Oracle’s solutions touch back-office aspects of many businesses that most consumers may not even know about, yet almost everything is powered by Oracle.

Some reports have gone as far as to declare that about 98% of all Fortune 500 companies use software or components from Oracle Corporation.

At the forefront of Oracle is its co-founder Larry Ellison. Quite the personality, much has been said and published about his many achievements and colorful personal life. And here are three interesting tidbits about him:

1. To-date he’s donated upwards of 1% of his 54 billion fortune.

Apart from signing The Giving Pledge together with 40 other billionaires including Warren Buffet and Bill Gates, Larry Ellison has steadily given to his charitable causes of choice throughout the years. He has given a significant amount for education and medical research. And he has made some controversial donations to The Friends of Israel Defense Forces and the United States government. Many of his other philanthropic donations have been private.

2. He dropped out of college.

Not unlike a number of successful tech personalities, such as Mark Zuckerberg and Steve Jobs, Larry Ellison opted to forego completing his university degree. He dropped out of the University of Illinois before he could take his second year final exams. The decision was made around the time his adoptive mother had passed away.

3. Oracle was inspired by a paper made by Edward F. Codd.

Edward F. Codd is an English computer scientist best known for developing the general theory of data management. He is also credited for inventing the relational model for database management during his employment at IBM. His paper entitled “A Relational Model of Data for Large Shared Data Banks”.

Edward was Larry Ellison’s main inspiration for bringing Oracle to life and it’s software development.

 

About Greg Mikesell

Greg Mikesell is the Chief Operating Officer at Principle Health Group, an ancillary laboratory services provider in Austin, Texas.

Greg brings years of experience in finance and business management to his healthcare background with an emphasis in physician relations, market research, data analysis and business planning.

Greg graduated cum laude from the University of Texas with a BBA in Accounting where he completed an independent study on the purchase of LASIK equipment for private practice that utilized discounted cash flow models and selective market research and data analysis. He also completed a year of Nursing Education at the University of Arkansas at Fayetteville.

Greg's passion is helping physicians succeed in their practices through access to the best laboratory services possible for their patients.

One thought on “Three Interesting Facts about Billionaire Larry Ellison
  1. woods.brandon80@gmail.com'
    Brandon says:

    Interesting. Especially knowing that he’s another pioneer in the technology field that didn’t finish college……had enough guts (or luck) to pursue it and became successful anyways. And it’s good to see he’s made some good donations, whereas there are some who do not contribute anything at all.

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