Tuesday, 27 March 2012

6. Larry Ellison

Larry Ellison

Net Worth
$36 B As of March 2012
At a Glance
  • Age: 67
  • Source of Wealth: Oracle, self-made
  • Residence: Woodside, CA
  • Country of Citizenship: United States
  • Education: Drop Out, University of Chicago; Drop Out, University of Illinois at Urbana
  • Marital Status: Divorced
  • Children: 2
Forbes Lists
Oracle's stock has been oscillating for months. It's rebounded since its August low but is still off 15% year on year due to a slowdown in the software and hardware giant's sales, enough to knock $3.5 billion off Ellison's fortune. Seeking to profit from cloud computing, Oracle acquired Taleo in February for $1.9 billion and RightNow in October for $1.5 billion. Ellison has been tagged as one of the clutch of billionaires interested in buying the Los Angeles Dodgers baseball team. His big sport is yachting: he won the America's Cup in 2010 and is bringing the 34th edition of the America's Cup Finals to the San Francisco Bay in 2013. This will be the first time the event has been held in the United States in 18 years.

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