Meet Larry Ellison, the 81-year-old tech billionaire turned media mogul

However, the Ellison name now has a new venture: media. Larry Ellison, 81, is a tech billionaire best known for co-founding Oracle and now moving aggressively into the media business alongside his son, David. The Ellison family’s influence over Paramount and CBS increased after David Ellison’s acquisition of Skydance. Paramount Global It puts him at the helm of the company that owns CBS.

CNN can only join the fold if the family achieves its potential Warner Bros. Discovery TikTok’s involvement is linked to a US consortium in which Oracle/Ellison has a stake.

Ellison has been a consistent ally of the president Millions For his campaign and He advised him During the COVID-19 pandemic. Now, he is ready to play a decisive role in… President Donald Trump Executive order for TikTok’s US operations. TikTok’s US subsidiary is valued at about $14 billion. Oracle, along with private equity group Silver Lake and MGX in Abu Dhabi, will survive 45%.

Meanwhile, with the help of his father’s money, David, 42, the founder and CEO of… Skydance Media– The company behind successful films such as Top Gun: Maverick and Mission Impossible — got A deal worth $8 billion To purchase Paramount and its subsidiaries including CBS, MTV, and Comedy Center. David too It is said Looking forward to trying to Warner Bros. Discoverythe parent media conglomerate behind brands such as HBOCNN and TBS.

Overall, the Ellison family name is shaping up to be the future of movies, streaming, TV shows, and more.

Larry Ellison’s path to wealth as a college dropout twice

Before the Oracle founder spent his free time Sailboat racing And he flies planes. The self-made billionaire was raised by his aunt and uncle in Chicago. He first attended the University of Illinois but dropped out after his adoptive mother died. Later in 1966, he enrolled at the University of Chicago, where he took computer science classes for about a semester before dropping out again.

Then he quickly moved to California and acquired programming skills. From there, he moved between different jobs Wells Fargo To the technology company Amdahl, where he adapted further programming skills before becoming his own boss at just 33 years old.

With an initial investment of just $2,000, Ellison co-founded Software Development Laboratories in 1977, the database company that later became Oracle Corporation. It has become the backbone of some of the world’s most popular enterprise software offerings, and even remained a prominent figure in the dot-com boom when it provided databases for startups.

With a market capitalization of over $811 billion, Ellison still owns about $811 billion 40% Tech giant – And its tech giant has become so influential that it provides data services to it Governments.

Today, the billionaire pledged just that He donates 95% of his wealth Through the Ellison Institute of Technology, which aims to address global issues such as healthcare, food insecurity, climate change, and artificial intelligence developments, with the opening of a major new campus in Oxford worth approximately $1.3 billion. He has already donated millions to cancer research and treatment centers.

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