Saturday, March 21, 2009

# 4 World's Richest Person In 2009

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Lawrence Ellison
Net Worth: $22.5 billion
Source: Oracle/U.S.
Age: 64
Marital Status: Thrice divorced, remarried; two children

Database titan continues to engulf the competition; Oracle has racked up 49 acquisitions in the past four years.

Bought BEA Systems for $8.5 billion last year. Company still sitting on $7 billion in cash.

Revenues up 11% to $10.9 billion in the six months ended Nov. 30, 2007; 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 down 80% since. His shares are still worth $300 million.

Chicago native studied physics at University of Chicago, didn't graduate.

Started Oracle in 1977. Public in 1986, a day before Microsoft.

Owns 453-foot Rising Sun; built a smaller leisure boat because the long yacht 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.

by Luisa Kroll, Matthew Miller, and Tatiana Serafin

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