Lawrence Ellison

Name: Lawrence Ellison

Date if Birth:August 17,1944

Occupation: Co-founder and CEO, Oracle

Country of Citizenship: Unites States

Education: University of Illinois , Dropout

Larry Ellison was born in The Bronx, New York City , in New York State to Florence Spellman At his mother's request, he was given to his mother's aunt and uncle in Chicago to raise. Lillian Spellman Ellison and Louis Ellison adopted him when he was nine months old. A paper written by Edgar F. Codd on relational database systems called "A Relational Model of Data for Large Shared Data Banks."inspired Elllison. He founded Oracle in 1977, putting up a mere $2000 of his own money, under the name Software Development Laboratories (SDL). In 1979, the company was renamed Relational Software Inc., later renamed Oracle after the flagship product Oracle database. The initial release of Oracle was Oracle 2; there was no Oracle 1. The release number was intended to imply that all of the bugs had been worked out of an earlier version. IBM gave Oracle the toughest competition. IBM dominated the mainframe relational database market with its DB2 and SQL/DS database products, it delayed entering the market for a relational database on UNIX and Windows this gave oracle and other competitor a chance to dominate mid-range and microcomputers.

Forbes list Lawrence elllison as 14th most richest person on the list of richest person with a net worth of $25 billion source (FORBES).Oracle is reshaping the software industry via acquisitions . Oracle under his leadership has purchased 21 firms for more than $19 billion since the beginning of 2006. Oracle has also made its entry into retail, business intelligence software . His creative leadership is taking Oracle on the path of success .

For more information source check ( Time).