Lawrence Joseph "Larry" Ellison (born August 17, 1944) is an American business magnate, co-founder and chief executive officer of Oracle Corporation, a major enterprise software company. As of 2011, he is the fifth[3] richest person in the world, with a personal wealth of $39.5 billion.
Early life
Larry Ellison was born in New York City to Florence Spellman, an unwed 19-year-old.[5][6] Ellison's biological father was an Italian-American U. S. Air Force pilot, who was stationed abroad before Spellman realized that she had become pregnant by him.[6] After Larry Ellison contracted pneumonia at the age of nine months, his mother determined that she was unable to care for him adequately, and arranged for him to be adopted by her aunt and uncle in Chicago.[6] Lillian Spellman Ellison and Louis Ellison adopted him when he was nine months old. Lillian was the second wife of Louis Ellison, an immigrant who had arrived in the United States in 1905 from Russia.[6] Larry Ellison did not meet his biological mother until he was 48.[7]
Ellison graduated from Eugene Field Elementary School on Chicago's north side in January, 1958 and attended Sullivan High School at least through the fall of 1959 before moving to South Shore.
Ellison was raised in a Reform Jewish family.[8] He grew up in a two-bedroom apartment in Chicago's South Shore middle-class Jewish neighborhood. Ellison remembers his adoptive mother as warm and loving, in contrast to his austere, unsupportive, and often distant adoptive father, who adopted the name Ellison to honor his point of entry into the USA, Ellis Island.[6] Louis, his adoptive father, was a modest government employee who had made a small fortune in Chicago real estate, only to lose it during the Great Depression.[6]
Ellison was a bright but inattentive student. He left the University of Illinois at Urbana-Champaign at the end of his second year, after not taking his final exams because his adoptive mother had just died. After spending a...