“Well, we already know what’s going to happen with Apple. We’ve done that experience in the past. I mean, it’s happened before. We’ve seen Apple with Steve Jobs (thumbs up). We’ve seen Apple without Steve Jobs (thumbs up).. above. We saw Apple again with Steve Jobs (again, well done). And now, we are going to see Apple without Steve Jobs. Apple is doomed. » This is how Larry Ellison sent his economic forecasts for Apple after Jobs’ retirement.
This is Larry Ellison, genius and figure. But if his predictions about Apple did not come true, on the contrary, in the workplace, he was always right, making risky decisions that positioned him as one of the most lucid business minds of our century. This is the story of the man who himself managed Steve Jobs from his position as CEO and who contradicted him so many times that he ended up leaving the Big Apple through the back door.
Who is Larry Ellison: from “little guy” to shark
Born in the Bronx, the working-class neighborhood of New York and not for the right reasons, raised by a single mother until, suffering from pneumonia that he contracted due to the conditions in which he lived, she left in the hands of his sister. So I ended up being adopted by a Russian Jewish family, living in one of the outlying neighborhoods of Chicago. Under the affection of his new mother, Lawrence Joseph Ellison studied until his first year of college in Illinois —be the student with the best grade in the entire faculty—. A year later, he enrolled again in computer science at the University of Chicago, but he did not go to class a single day: his adoptive mother had just died.
At the age of 20 and without an emotional connection to his dour father (he would never meet his biological father), he moved to Berkeley, California, and began his career as a computer programmer, until he ended up working for Ampex Corporation in a secret project: a database for the CIA that he calls OracleSeven years later, in 1977, he would found Software Development Laboratories (SDL) and this would be his platform from which to shape Oracle version 2. And he went through trials, but never gave in in an extremely competitive Silicon Valley: he took on Microsoft. , IBM and Apple, of which he became director of the company upon the return of Steve Jobs – until his resignation in 2002.
In the 1990s, Ellison considered taking out a mortgage up to his eyeballs, using his assets as collateral, to buy Apple and launch it back to the top. I had hundreds of business ideas and the right contacts. But Steve Jobs had another idea, to continue moving forward with NeXT, this genius that saves time and resources. Jobs envisioned the future of computing – as he would a decade later with the future of telephony – and Larry simply took the deal.
Today, Larry is a nearly 80-year-old tycoon who does not appear to have invested any real fortune – around 450 million – in projects and research aimed at slowing down aging. After four marriages and four divorces, owner of 1.5% of Tesla shares and 43% of Oracle Corporation shares, in the technology sector, Ellison is the fourth richest man in the world. A fortune that continues to grow from year to year.
2023 was the year of Larry Ellison
Additionally, Larry Ellison, co-founder of Oracle, was able to eclipse Jeff Bezos for a few months. Over the past summer, his company’s shares rose 5% against Oracle’s shares, and within weeks Larry’s assets reached a value of $152 billion, surpassing the psychological barrier of $150,000.
The reason? Artificial Intelligence, where Oracle is a leading provider. And with a suite of applications based on Generative Artificial Intelligence with natural language, Oracle closed the third quarter with an additional $1 billion in new contracts. But if all else fails, Ellison was also a daring real estate speculator, with hotels and chains totaling more than $1 billion. To get it, he even owns an island in Hawaii. And as for his position on Apple, Larry finally recognized the obvious: “Apple is the best example that the key is the integration of hardware and software.”
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