Saturday, March 14, 2009

Lawrence Ellison

I was reading "The World's billionaires" list inside forbes and I discovered that Bill Gates becomes #1 in the list again, and I've been surprised when I saw Lawrence Ellison becomes #4 in the list. In some words that means IT giants are still standing and they are still making money.

I quote the following from forbes

Net Worth:$22.5 bil
Fortune:self made
Country Of Citizenship:United States
Residence:Redwood City, California
Education:University of Illinois, Drop Out,
Marital Status:married, 2 children

Database titan continues to engulf the competition; Oracle has racked up 49 acquisitions in the past 4 years. Bought BEA Systems for $8.5 billion last year. Still sitting on $7 billion in cash. Revenues up 11% to $10.9 billion in the six months ended November 30; profits also up 11% to $2.4 billion. Stock down 25% in past 12 months. Invested $125 million in Web software outfit Netsuite; took public in 2007, stock has fallen 80% since. His shares still worth $300 million. Chicago native studied physics at U. of Chicago, didn't graduate. Started Oracle in 1977. Public 1986, a day before Microsoft. Owns 453-foot Rising Sun; built a smaller leisure boat because superyacht is hard to park. Squabbling in court with Swiss boating billionaire Ernesto Bertarelli over terms of next America's Cup. Recently unveiled hulking 90-foot trimaran he intends to use to win it.

1 comment:

Mohamed Ismail said...

How are you Hisham,I'm Mohamed Ismail if you remember me from Kuwait I Work with you at SMARTIT
where are you now, where are you working, I'm still in Kuwait working now for Global ClearingHouse Systems