His favorite is the Acura NSX, which he was known to give as gifts each year during its production. [62][63] The races were finally held[clarification needed] in February 2010 in Valencia. Paul Rollins. Florence Spellman; adopted at nine months by Florence's aunt, " ". ". Fortune, In 1978, the couple divorced. [45] Homes[edit] Ellison styled his estimated $110 million Woodside, California, estate after feudal Japanese architecture, complete with a man-made 2.3-acre (9,300 m2) lake and an extensive seismic retrofit (372444.34N 1221451.40W). According to Lawrence "Larry" Ellison, 89, passed Wednesday, November 9, 2022, at Methodist Hospital in Cordova, TN. A. In 2010, Ellison ended his ownership of the eighth largest yacht in the world, named Rising Sun. [2] [3] He has one sister, film producer Megan Ellison . [80], In December 2020, he left California and moved to Lanai. Lawrence Joseph Ellison (born August 17, 1944) is an American business magnate and investor who is the co-founder, executive chairman, chief technology officer (CTO) and former chief executive officer (CEO) of the American computer technology company Oracle Corporation. [2] In April 2009, after a tug-of-war with IBM and Hewlett-Packard, Oracle announced its intent to buy Sun Microsystems. of his own board or with Washington dignitaries. Larry Ellison is the founder of . Time, His favorite is the Acura NSX, which he was known to give as gifts each year during its production. turning in contracts on April 2 but recording them as March sales, for database programs was shrinking, the applications market was expected to It is the most expensive residential property purchase in Florida history. Board for Forcing Hurd's Resignation", "Oracle Hires Former HP CEO Mark Hurd As Co-President", "Les grands patrons de mieux en mieux pays aux Etats-Unis", "Larry Ellison to Step Aside as Oracle CEO", "How Larry Ellison Became The Fifth Richest Man in the World By Using IBM's Idea", "Despite minting $3.5billion cash on NetSuite deal, Oracle's Larry Ellison's not any richer", "Larry Ellison's Net Worth Just Rose $5Billion in Two Days", "Tesla Files For Another Stock SplitReveals Billionaire Larry Ellison To Leave Board", "Oracle Corporation 2022 Proxy Statement (Form DEF 14A)", "Tesla, Inc. 2022 Proxy Statement (Form DEF 14A)", "Producer Siblings Megan and David Ellison Betting Big on Holiday Box Office", "Elon Musk, Larry Ellison Appear in Iron Man 2", "David Geffen now sole owner of 138-metre superyacht Rising Sun Yacht Owners", "Brad Reese on Cisco: Yachting with Oracle CEO Larry Ellison", "Oracle Flies Kite in America's Cup Test", "A Perpetual Cup for Not So Friendly Competition Between Lawyers", "Oracle Completes Voyage to History, Winning America's Cup", "America's Cup: Cheating scandal docks Oracle Team USA two races before main event starts Saturday", "One of the Greatest Comebacks in Sports History", "Russell Coutts Likes Sailing Races With Big Money at Stake", "SailGP claims $115m economic impact for five host cities", "SailGP attracts global audience of 1.8 billion in Season 1", "Ellison Sues Over Airport Rule on Noise at Night / He wants right to land his jet anytime", "Judge clears Ellison for landing at night / Curfew left intact at San Jose airport", "Larry Ellison Is Spending a Fortune to Save American Tennis", "Japanese Palace Style of Oracle CEO House", "Oracle billionaire Larry Ellison has an incredible real estate portfolio take a look at his properties in Silicon Valley, Japan, Hawaii, and more", "Oracle founder Larry Ellison buying Hawaiian island of Lanai", "Tech billionaire Larry Ellison has moved to Hawaii", "Larry Ellison: Oracle billionaire's $173M estate sets Florida record", "UC Davis Health System: Philanthropic Pioneers", "Oracle's CEO cancels $115m gift to Harvard", "Oracle's Ellison promises $500,000 donation", "Hollywood gala raises a record $33million for IDF", Record $53.8million raised for IDF soldiers at Beverly Hills gala, "Ellison joins billionaire charity pledge", "Oracle Founder Larry Ellison Donates $200 Million To USC For Cancer Treatment Center", "Oracle's Larry Ellison talks about Edward Snowden, isn't a big fan", "How Silicon Valley's top 10 billionaires voted with their political cash", "Larry Ellison To Host Republican Fundraiser With Rand Paul", "Dems, GOP holding mega-fundraisers on same street in Woodside", "Larry Ellison gives another $1million to boost Marco Rubio", "Trump to visit Palm Springs area next week for fundraising event at Oracle chairman Larry Ellison's estate", "Larry Ellison is doing an unthinkable thing for a tech titan: Hosting a fundraiser for Donald Trump", "How Oracle Became the Trump Administration's Favorite Tech Company", "Larry Ellison pumps $15M into super PAC aligned with Tim Scott", "Oracle's Larry Ellison joined Nov. 2020 call about contesting Trump's loss", "Golden Plate Awardees of the American Academy of Achievement", "Ellison, Jobs honored: Business titans inductees to the Bay Area Business Hall of Fame", "Rebels with a Cause Gala Honors Larry Ellison, Raises $12.1 Million Benefitting the Lawrence J. Ellison Institute for Transformative Medicine of USC", https://en.wikipedia.org/w/index.php?title=Larry_Ellison&oldid=1142076789. David Ellison was born in Santa Clara County, California. The property was the former summer home of the prominent Astor family. Ellison is the third-richest American, with an estimated net worth of US $28 billion. Now What? instituted a sales incentive program called "Go for the [105][106], In 2013, Ellison was inducted into the Bay Area Business Hall of Fame. David Ellison was born in Santa Clara County, California. The sales people then booked the value of future license sales in the current quarter, thereby increasing their bonuses. Larry Ellison could score big after listing his Palm Beach, Florida, mansion for a whopping $145 million though not as big as the seller of the estate he bought . By Theodore . Larry Ellison has made various investments, from venture . Oracle aggressively outsold its competitors, and by Partner of Private [72], Ellison also owns at least two military jets: the Italian training aircraft SIAI-Marchetti S.211, and a decommissioned Soviet fighter MiG-29, which the US government has refused him permission to import. Oracle billionaire Larry Ellison bought 98% of Lanai in 2012 for an estimated $300 million. Ellison was a crew member for the second race. In 1966, at age 22, he moved to Berkeley, California. In 2002, Ellison's Oracle's team introduced kite yachting into the America's Cup environment. His father is of Italian and Jewish heritage. Ellison committed to five years of funding to support the series until it could become self sustaining. [47], As of 2022, Ellison owns 42.9 percent of the shares of Oracle Corporation,[48] and 1.5 percent of the shares of Tesla. Today's Social Security column addresses questions about whether child-in-care spousal benefits time out, taking retirement benefits before spousal benefits and what effects living and working outside the US might have on Social Security benefits. [49] On June 21, 2012, Hawaii's governor, Neil Abercrombie, declared that Ellison had signed an agreement to buy most of the island of Lanai from the Castle & Cooke company, owned by David H. Murdock. In Re Oracle Corp. That led in 1977 to the formation of the company which later became Oracle. Text size. [6] Ellison did not meet his biological mother again until he was 48. 2003 he launched a hostile bid to take After spending the summer of 1966 in California, he then attended the University of Chicago for one term, where he studied physics and mathematics[13] and also first encountered computer design. Laboratories. computers as well as other brands, and so did many large corporations. At age thirteen, Ellison refused to have a bar mitzvah celebration. 1 1.1 1.2 2 2.1 2.2 2.3 3 4 5 6 , . Owing to Larry Ellison's drive and competitive spirit, Oracle databases eventually dominated the market, and Oracle grew to become the second largest independent software company in the world. holding information, such as lists of employees and how much money they [27] Personal life[edit], Ellison has been married and divorced four times. The Ziff family had owned it for decades, and at one . Larry's biological father was an Italian-American United States Army Air Corps pilot. Ellison assumed the positions of chief technology officer and executive chairman. Oracle Corp., 500 Oracle Pkwy., Redwood City, CA 94065. While the three young men were busy writing Precision Instruments About 130 FTX Group affiliates, including Alameda, were listed in a Chapter 11 bankruptcy filing made last week. He was born in Manhattan, New York, in the United States of America. that could be queried, or asked to retrieve certain pieces of , , , . Geni requires JavaScript! [13] In the year ending May 31, 2009 he made $56.8 million. Ellison retained the CEO position. working on what was called a relational database. As of 2013 Oracle's main competition for new database licenses on UNIX, Linux, and Windows operating systems comes from IBM's DB2 and from Microsoft SQL Server (which only runs on Windows). Larry did not meet his biological mother again until he was 48. responsibility to new president and chief financial officer, 1991, certain figure, the user had to go in and look at the data. price fell, and 2001 also turned out to be a poor year for Oracle. [10] Ellison states: "While I think I am religious in one sense, the particular dogmas of Judaism are not dogmas I subscribe to. about programming IBM machines. After he contracted pneumonia at the age of nine months, Larry's mother gave him to her aunt and uncle for adoption. [57] The vessel is 453 feet (138 metres) long,[58] and reportedly cost over $200million to build. That's the message delivered to Oracle Corp. founder Larry Ellison, one of the world's richest men, by his personal financial adviser in a series of e-mails . . Newsweek, [1] The European Union approved the acquisition by Oracle of Sun Microsystems on January 21, 2010 and agreed that "Oracle's acquisition of Sun has the potential to revitalize important assets and create new and innovative products". a majority of American households, Oracle's growth was more Ellison sold his remaining shares in the yacht[38] to music and film mogul David Geffen. Wiki, Bio, Family, Siblings, Childhood & Education. [3] Contents [show] Early life[edit], Larry Ellison was born in New York City to an unwed mother of Jewish heritage;[4][5][6] his father was an Italian American U.S. Air Force pilot. In 1978, the couple divorced. couple had met while leaving a San Francisco, California, restaurant in His projects included a database for the CIA, which he named "Oracle". 1979 -Relational Software Inc, , . Vanity Fair, Donald Trumps real net worth? January 11, 1999, p. 68. As of October 2012, Ellison was listed just behind David Hamilton Koch as the 8th richest person in the world, according to the Bloomberg Billionaires Index. [24][28], The European Union approved Oracle's acquisition of Sun Microsystems on January 21, 2010, and agreed that Oracle's acquisition of Sun "has the potential to revitalize important assets and create new and innovative products". Hes nowhere near as rich as he boasts, nor as poor as his critics claim. Its He "downsized" to Musashi, a 288-foot (88 m) yacht built by Feadship. Nancy Wheeler Jenkins from 1977 to 1978. Following the purchase Ellison owns 98% of Lanai, Hawaii's sixth-largest island. -18 2003 , . They married six months before Ellison founded Software Development Laboratories. Green globe.svg . The His projects included a database for the CIA, which he named "Oracle". continue to grow well into the 2000s. Oracle spokesman Bob Wynne announced, "It was really Larry Summers' brainchild and once it looked like Larry Summers was leaving, Larry Ellison reconsidered [I]t was Larry Ellison and Larry Summers that had initially come up with this notion. Larry Ellison has an estimated net worth of approximately $97.5 billion as of 2023. That would be the America's Cup, which Larry Ellison's crew won in San Francisco Bay last year, overcoming the setback of being caught cheating to defeat the incongruously named Team Emirates New Zealand. He enjoyed spending time with his family and friends, trips to the shore, gardening . or tennis. He worked mainly night and weekend shifts backing up data and doing routine maintenance work. cut when he changed jobs. [55][56] Ellison wrote: "Many years ago, I put virtually all of my assets into a trust with the intent of giving away at least 95 percent of my wealth to charitable causes. Oracle's got 100+ enterprise applications live in the #cloud today, SAP's got nothin' but SuccessFactors until 2020 everybody wanted, and IBM programmers figured out how to do this using a Securing a historic victory, Ellison and his BMW Oracle team became the first challengers to win a "deed of gift" match. Larry Ellison's father was an Italian-American United States Army Air Corps, and his mother was an unwed Jewish woman. [30] Barbara Boothe from 1983 to 1986. Computer Weekly, different types of computer. [33] In September 2011, Ellison was listed on the Forbes list of billionaires as the fifth richest man in the world and was still the third richest American, with a net worth of about $36.5billion. taking 20 percent. Photos: Woodside mansion across from home owned by Larry Ellison is for sale for $110 million Italian villa-style compound includes four separate buildings, including a two-story main residence, a . was at that point not very ambitious. When he was nine months old, Ellison came down with pneumonia, and his mother sent him to . Dorothy Pomerantz, Michael K. Ozanian and David M. Ewalt. [17] In 1983, the company officially became Oracle Systems Corporation after its flagship product. Larry Ellison is the co-founder of Oracle, the massive technological and computing business. first customer outside of Precision Instruments was the CIA. Louis Ellison was a government employee who had made a small fortune in Chicago real estate, only to lose it during the Great Depression. Quinn advised He downsized to Musashi, a 288-foot (88-metre) yacht built by Feadship.[59]. The company's stock In 1997, Ellison took a new tack, pushing Oracle to get more involved in Tech titan Larry Ellison was the buyer of the most expensive property ever sold in Florida, a 62,200-square-foot megamansion purchased for $173 million, according to public records . way to maintain a database of information on videotape as opposed to [4] The company's films include Mission: Impossible Fallout, Annihilation, World War Z, True Grit, Jack Reacher, Star Trek Into Darkness, Star Trek Beyond and many more. or nearly double sales year by year, and Oracle surpassed its 180 , . In 2013, Forbes listed him as the third-wealthiest man in America. In 1966, aged 22, he moved to northern California. While working at a small company called friends with Oates and Miner, and the three met often for lunch, chess, [104], In 1997, Ellison received the Golden Plate Award of the American Academy of Achievement. Larry Ellison Family. This became a problem when the future sales subsequently failed to materialize. [78], In 2011 he purchased the 249-acre Porcupine Creek Estate and private golf course in Rancho Mirage, California, for $42.9million. [14][15] He withdrew without taking final exams after his sophomore year because his adoptive mother had just died. The Most Expensive U.S. Real Estate Sales Of 2022. [17] The Sun acquisition also gave Oracle control of the popular MySQL open-source database, which Sun had acquired in 2008. Financial markets that are built on the pillars of tokens, transparency and trust will indeed be the next generation. The company moved into new Ellison moved to Berkeley, California, in 1966. On September 25, 2013, Ellison's Oracle Team USA defeated Emirates Team New Zealand to win the 34th America's Cup in San Francisco Bay, California. Oracle CEO Larry Ellison speaks at an Oracle and Sun Strategy Update event in Redwood City, California. In September 2012, Ellison was again listed on the Forbes list of billionaires as the third richest American citizen, behind Bill Gates and Warren Buffett, with a net worth of $44billion. Salesforce's Marc Benioff says he's following 'the Oracle playbook' to improve profits and Larry Ellison is helping him. Larry Ellison also has two children, David and Megan, with his third wife, Barbara Boothe. Knight Ridder/Tribune Business News, January 14, 2004. At age thirteen, Ellison refused to have a bar mitzvah celebration. The price was reported to be between $500 million and $600 million. develop a marketing strategy that eventually led Oracle to dominate the Tech titan Larry Ellison was the buyer of the most expensive property ever sold in Florida, a 62,200-square-foot megamansion purchased for $173 million, according to public records released Thursday. In 1998, the Lawrence J. Ellison Ambulatory Care Center opened on the Sacramento campus of the UC Davis Medical Center. customers, the company had to write its software to work on three 2017 " 16.6 . company was valued at $90 million. Located in Manalapan, Floridaan ultra-exclusive neighborhood home to celebrities and billionaires, including Larry Ellisoncan be yours for $30 million. On February 14, 2010, Ellison's yacht USA 17 won the second race (in the best of three "deed of gift" series) of the 33rd America's Cup, after winning the first race two days earlier. Around this time, Oracle fell behind Sybase. Attended University of Illinois, Champaign, IL, 196264, and The couple had a second neardeath experience apparently shook Ellison into devoting more [62] Previously, Ellison had filed several legal challenges, through the Golden Gate Yacht Club, against the way that Ernesto Bertarelli (also one of the world's richest men) proposed to organize the 33rd America's Cup following the 2007 victory of Bertarelli's team Alinghi. This prompted Ellison to After receiving treatment at University of California, Davis, Ellison donated $5million to seed the Lawrence J. Ellison Musculo-Skeletal Research Center. Oracle was forced to restate $15 million in earnings for the previous From 1990 to 1993, Sybase was the fastest-growing database company and the database industry's darling vendor, but soon it fell victim to merger mania. personal animosity over the deal. Ellison competes in yachting through Oracle Team USA. Barbara Boothe, AP. In his early years at Oracle, Ellison was named an Award Recipient in the High Technology Category for the Ernst and Young Entrepreneur of the Year Program.[20]. This biography provides detailed information on his childhood, life, career, achievements and timeline. company used. The Octopus and Its Grandchildren Adjust Share by Rebecca Solnit . He started out building databases for the CIA. The first season was successful with global audiences of over 1.8 billion. Oracle became a successful database vendor to mid- and low-range systems, later competing with Sybase (created 1984) and Microsoft SQL Server (a port of Sybase created in 1989) which led to Ellison being listed by Forbes as one of the richest people in the world. Larry Ellison earns between $2 billion and USD 5 billion every year, according to our reputable sources, which corresponds to a monthly average pay of between $200 million and $500 million, and $2 million to $5 million daily. Salesforce CEO Marc Benioff says he is . 57, 6465, 84, 310, 33742, 34854. [35] Yachting[edit] BMW Oracle Racing was the Challenger of Record on behalf of the Golden Gate Yacht Club of San Francisco for the 2007 America's Cup in Valencia, Spain until eliminated from the 2007 Louis Vuitton Cup challenger selection series in the semi-finals. [34] Ellison owns stakes in Salesforce.com, NetSuite, Quark Biotechnology Inc. and Astex Pharmaceuticals. In other words, Larry will pay for his new $80 million mansion free and clear on dividend tax . [24] In 2006, Forbes ranked him as the richest Californian. Larry Ellison's Lanai Isn't for Youor the People Who Live There . [37] The races were finally held[clarification needed] in February 2010 in Valencia, Spain. Larry Ellison is one of the richest people in the world with the net worth of $55.2 billion as of March 2017 according to the Forbes World's Billionaires list. [42] Pilot[edit] Ellison is a licensed pilot who has owned several aircraft. [8], In 2018, he announced that Skydance Media had partnered with Tencent Holdings Limited. They're interesting stories. They married six months before Ellison founded Software Development Laboratories. small, cheap computer that ran off software stored on the Internet. Development Laboratories in 1977. Raymond Lane, resigned in 2000, and many other top executives also moved Please enable JavaScript in your browser's settings to use this part of Geni. Wheeler gave up any claim on May 14, 2015, 7:10 AM. Oracles cofounder is bankrolling a super PAC that is spending millions to support four prominent Senate candidates who have cast doubt on the 2020 presidential election results. Phil White eventually landed in jail, and IBM absorbed Informix in 2001. Ellison owns a relatively secret single family office, through which his investments are managed. Oracle's president, He left the University of Illinois at Urbana-Champaign after his second year, after not taking his final exams because his adoptive mother had just died. They named their program Oracle, after the Every day . In 2005 Oracle Corporation paid Ellison a $975,000 salary, a $6,500,000 bonus, and other compensation of $955,100. Precision Instruments needed to [10] With the defeat of Informix and of Sybase, Oracle enjoyed years of industry dominance until the rise of Microsoft SQL Server in the late 1990s and IBM's acquisition of Informix Software in 2001 to complement their DB2 database. Meanwhile the company Wilson's Larry Ellison is the co-founder and chairman of Oracle Corporation. Larry Ellison Childhood Story - Early Life and Family Background: For starters of, his Biography, Larry Ellison was born in New York City, USA, on the 17th of August 1944. Genealogy for Louis Harry Ellison (1894 - d.) family tree on Geni, with over 230 million profiles of ancestors and living relatives. Ellison's lawyer had argued that if Ellison were to pay the fees, that could be construed as an admission of guilt. (AP) Lawrence J. Ellison was born in the Bronx, New York. Daniel Petroni; Getty Images. [9], In 2009, Ellison purchased the Indian Wells Tennis Garden tennis facility in California's Coachella Valley and the Indian Wells Masters tournament for $100 million, and has subsequently invested another $100 million into the club. was called Oracle 2; there was no Oracle 1. 2014 " , -1977. the Ampex video database, which was called Oracle. he was born to his mother Florence Spellman. RSI also His passions were bike riding and boating, and In 1990 . He still owned more [30] On August 9, 2010, Ellison denounced Hewlett-Packard's board for firing CEO Mark Hurd, writing that: "The HP board just made the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago." . In 2012, Larry Ellison purchased 98% of the island of Lanai for $300 million. CIA project they had worked on earlier. The Oracle of Oracle, repeatedly predicted that the personal computer was dead, and that the -11 2001, . In 2010, with his father then the sixth richest person in the world, and a partnership deal with Paramount, Skydance was able to raise $350 million in equity and credit to co-finance and co-produce movies. [35][36] In June 2012, Ellison agreed to buy 98percent of the Hawaiian island of Lana'i from David Murdock's company, Castle & Cooke. IBM's DB2 still dominates the mainframe database-market. the deal would go through, while Conway was convinced of the opposite. Larry Ellison Family - Parents. Every single day that Larry Ellison lives in Florida over California, he'll save $644,000. They married on December 18, 2003, at his Woodside estate. All you can do is all you can do.". computers could store lots of information, but managing it and recalling Louis Ellison was a government employee who had made a small fortune in Chicago real estate, only to lose it during the Great Depression. Ellison's love live was looking better, too. The wellness retreat Sensei debuted on the Hawaiian island of Lnai in 2019. (London, England), February 27, 2004. eWeek, Oracle founder and former CEO Larry Ellison was born in New York City but grew up in a lower-middle-class community on the South Side of Chicago. Career[edit], Larry Ellison lecturing at the Oracle OpenWorld, San Francisco 2010 During the 1970s, after a brief stint at Amdahl Corporation, Ellison worked for Ampex Corporation. As a result, its stock price sank, and angry [43], In June 2018, Ellison's net worth was about $54.5billion, according to Forbes. [2] As of 1st February 2023, he was listed by Bloomberg Billionaires Index as the sixth-wealthiest person in the world, with an estimated fortune of $102.6 billion. and his partners got very interested. him to go make his million for his own sake; she was leaving anyway. While the market for With Oracle, Larry Ellison created one of the biggest database service providers. In April 1997, Informix announced a major revenue shortfall and earnings restatements. I have already given hundreds of millions of dollars to medical research and education, and I will give billions more over time. He grew up in a two-bedroom apartment in Chicago's South Shore middle-class Jewish neighborhood. money, and even go in and give selected employees a raise. Ellison remained in his current role at Oracle. Homeless billionaire Elon Musk was pictured outside of one of close friend Larry Ellison's Malibu mansions on Thursday.. The Difference Between God and Larry Ellison, Lawrence was raised in a two-bedroom . Larry Ellison was born in the Bronx, New York, on August 17, 1944, to single mother Florence Spellman. Oracle eventually had to restate its earnings twice, and had to settle class-action lawsuits arising from its having overstated its earnings. Born as Iryna Osipova in the Soviet Union, Kahn eventually moved to US, where she now lives. It debuted on Wall Street one day In those days, sole control of Oracle, 2000; resigned as chairman but remained CEO of simple computer language that could be typed on a keyboard. Justin Sullivan/Getty Images. Programmers at IBM had been on to other companies. "Because software is all about scale. moderate pace through the 1990s. Ellison owns multiple properties in this seaside enclave, including a $10.5 million 19th-century mansion onceand, perhaps, stilloccupied by the Astor family. The Larry Ellison is an American business magnate who has a net worth of around $106.2 Billion. 2004, Ellison bought and sold one million shares of Oracle Corp. for a Ellison to marry her before the baby turned one. [27] On August 22, 2009, it was reported that Ellison would be paid only $1 for his base salary for the fiscal year of 2010, down from the $1,000,000 he was paid in fiscal 2009. Larry owns around 35% of the company. [52] Forbes 2004 list of charitable donations made by the wealthiest 400 Americans stated that Ellison had donated $151,092,103, about 1% of his estimated personal wealth. [25] On July 27, 2010, The Wall Street Journal reported that Ellison was the best-paid executive in the last decade, collecting a total compensation of US$1.84billion. example. Symonds and Ellison, pp. Ellison owns about 1.5% of Tesla, according to the company's 2022 proxy statement. [56], With the economic downturn of 2010, Ellison sold his share of Rising Sun, the 12th largest yacht in the world, making David Geffen the sole owner. reviewed by government regulators at the close of 2003. BMW Oracle Racing was the "Challenger of Record" on behalf of the Golden Gate Yacht Club of San Francisco for the 2007 America's Cup in Valencia, Spain, until eliminated from the 2007 Louis Vuitton Cup challenger-selection series in the semi-finals. Ellison resigned in 2002. After moving away from college education, Larry became very interested in computer design, and began working for the company Ampex in the 1970s.

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