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How Larry Ellison grew up in a poor Chicago

neighborhood before co-founding Oracle

Some of the richest people in the world were born into their wealth.

But many of them started with nothing, and through hard work, talent,

grit, and a bit of luck, managed to rise to the very top.

Larry Ellison was born on the Lower East Side of New York City. After he

contracted pneumonia as a baby, his mother was unable to care for him,

and instead sent him to live with her aunt and uncle on the South Side of

Chicago. He has never met his birth father, and didn’t even know he was

adopted until much later in life.

In 1977, he co-founded a database management company called Software

Development Laboratories. They changed the name to Relational

Software in 1979, and in 1982, it became Oracle. Today, Oracle has

annual revenues of around $38 billion, and Ellison has an estimated net

worth of $46.2 billion. He’s amassed all of the toys you’d expect from a

billionaire — planes, yachts, multiple mansions, and even an entire

Hawaiian island.


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