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.
Larry Ellison News
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The owner of the Italian sailing team Luna Rossa said safety needs to be improved at the America’s Cup races following the training death of Olympic yachtsman Andrew Simpson.
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The committee reviewing the death of Olympic yachtsman Andrew Simpson during America’s Cup training recommended that teams suspend sailing until the middle of next week.
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The America’s Cup yachting races will proceed as scheduled while officials await findings from a committee reviewing last week’s death of British sailor Andrew Simpson during Swedish team training on San Francisco Bay.
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Organizers of the America’s Cup will work with the U.S. Coast Guard to investigate the accident that killed two-time Olympic sailing medalist Andrew Simpson during the Swedish team Artemis Racing’s practice on San Francisco Bay.
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Five of the ten best-paid finance chiefs last year work in the technology industry, as executives at companies from Apple Inc. to Google Inc. were rewarded for increasing profit, amassing cash and minimizing taxes.
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The chief executive officers of software developer Oracle Corp. and watchmaker Fossil Inc. both work for a salary of a dollar or less a year. The only difference: $96.2 million.
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Robert Kotick, president and chief executive officer of Activision Blizzard Inc., increased his compensation almost eightfold to $64.9 million last year, becoming one of the highest-paid CEOs in the U.S.
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Oracle Corp.’s Larry Ellison was the highest-paid chief executive officer in the U.S. last year as total compensation gained 3 percent from 2011, the New York Times reported.
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Oracle Corp. Chief Executive Officer Larry Ellison has acquired Island Air, gaining a regional carrier in Hawaii where he owns most of the island of Lanai.
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President Xi Jinping’s austerity drive is not dissuading Chinese private jet buyers.
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