The bulk of Ellison's fortune comes from his 23.5 percent stake in Oracle, the world's largest database company. He also owns a 49 percent stake in NetSuite, as well as an interest in educational software maker LeapFrog Enterprises. He has an estimated $4 billion in cash and other assets, including numerous real estate properties.
The catamarans used in the next America’s Cup will shrink about 16 percent and incorporate new safety and cost controls after last year’s regatta claimed the life of a sailor and cost about $100 million a team.
Oracle Corp. Chief Executive Officer Larry Ellison plans to build one to power the Hawaiian island he bought last year. EBay Inc. has one to run a data center. The University of California at San Diego and the federal government have invested tens of millions of dollars in the technology.
Oracle Corp. can’t for now rely on an insurer to pay $20 million to help settle shareholder claims over the software maker’s acquisition of a company controlled by Oracle founder Larry Ellison, a judge concluded.
The doors of Larry Ellison’s waterfront hangar on San Francisco Bay slide open and more than a dozen men in hard hats roll out the billionaire’s latest technological marvel. Built to defend the America’s Cup starting here on Sept. 7, Oracle Team USA 17 is a catamaran named after the company that made Ellison the eighth-richest person on the planet.