Larry Ellison: Oracle Co-founder who surpasses Musk to become the richest man in the world | US News

Larry Ellison, co-founder of software companies Oraclehave a wonderful year. His friends Donald Trump At the White House, his son David Ellison took over the legendary media company CBSon Wednesday he surpassed his friends Elon Musk Win the title of “the richest man in the world”.

Oracle’s stock went crazy about the news, boosting his wealth. Ellison’s net worth Up to $393.3 billionsurpassing Musk’s $38.4 billion – Although Ellison’s wealth rose throughout the day, Ellison’s wealth regressed on Musk’s net worth, According to Forbes.

Ellison is not as household name as Musk, but his influence on Silicon Valley has been largely politically. He is known for his luxurious lifestyle filled with large yachts, private jets, a long list of wives and a luxurious lifestyle that owns the entire island of Langai, Hawaii.

The 81-year-old big billionaire made a fortune in software development, dating back to the 1970s. According to the company, he co-founded Oracle after establishing a two-year contract for the U.S. government’s central intelligence agency. Achievement College. Oracle has become a technology giant, creating software for Fortune 500 companies around the world and recently in cloud computing. The advent of artificial intelligence is a boon for companies because it has been associated with Openaithe manufacturer of Chatgpt.

“AI is much bigger than the industrial revolution, electricity and everything that happened before,” Ellison said in an interview with the former British Prime Minister, touting the technology Tony Blair In February.

Ellison is CEO Oracle It’s been 37 years and then transitioned to CTO in 2014. He still leads the board and owns more than 40% of the company, which moved its headquarters from Silicon Valley to Austin, Texas in 2020.

Ellison, along with Oracle, sat on Tesla’s board from 2018 to 2022 and owns a stake in Musk’s electric vehicle company. According to Forbes, he also Almost 50% Paramount Skydance, a newly founded media conglomerate run by his son David. The company’s attributes include CBS, MTV, Paramount Pictures, etc. Younger Ellison said media companies won’t cater to political parties. Despite this, he is about to Bring Bari Weissthis Polarized Counterattack Champion He co-founded Free Press to help lead CBS News.

Ellison’s connection with Trump and Netanyahu

Ellison has a decade of history with the Republican Party, one Close relations with Trump Return to the first term of the president. Ellison frequents Trump’s dinner resort and meets him in the Oval Office. As Trump repeatedly delays complying with the Supreme Court’s January ruling, Oracle has been Appears as the chief buyer Popular social media apps.

“In Larry Ellison’s Larry, it goes far beyond the technology’s CEO,” Trump said during a period Press Conference The day after he took office. “He is an amazing person and an amazing businessman.”

Ellison also approached Israeli Prime Minister Benjamin Netanyahu and donated to the Israeli military through nonprofit friends of the IDF. In 2017, he gave it to the organization The largest donation ever At that time – $16.6 million. Oracle did not answer the Guardian’s question, asking Ellison if he had donated recently.

Ellison According to Bloomberg. He purchased 98% of the island in 2012, and has since created an exclusive four-season resort and founded a hydroponic farm for lettuce and other greens. Local Ranai residents told Bloomberg they have scrambled to stick to their land as they see their island transforming from a sleepy outpost to a Super rich destination.

Musk, a friend of Ellison and a rival to “the richest man in the world,” is a guest of Lanai and called him his mentor to the co-founder of Oracle. Earlier this year Podcast with Texas Senator Ted CruzMusk was asked who was the smartest person he had ever met.

“Larry Ellison is very smart,” Musk said. “I would say Larry Ellison is one of the smartest people.”