Larry Ellison

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Bodycam Footage Shows Larry Ellison Getting Pulled Over on Island He Owns

Oracle co-founder was cited on Lanai

(Newser) - Billionaire tech mogul Larry Ellison owns 98% of the Hawaiian island of Lanai, but even so, he is not above getting pulled over for a traffic infraction. In bodycam footage obtained and aired by Hawaii News Now , the Oracle co-founder is shown in his orange Corvette during a traffic stop...

Billionaire's New Estate Sets Florida Record

It's not far from a property Larry Ellison purchased for $80M last year

(Newser) - One of the world's richest people , billionaire Oracle founder Larry Ellison, has just dropped $173 million on new digs, setting a record for the largest residential sale in Florida history. And by a long shot. Previously, the state hadn't seen a home sell for more than $130 million,...

Tech Bigwig Was on Call on How to Contest Trump's Loss

Sean Hannity, Lindsey Graham also said to be on call with ex-Oracle CEO Larry Ellison

(Newser) - Larry Ellison recently popped up on Forbes' "10 Richest People in the World" list, but that's not why he's making headlines this week. The Washington Post is reporting on a "previously unknown dimension" of the efforts to contest former President Trump's loss in the 2020...

Meet the 10 Richest People in the World

You know many of them already, including Elon Musk at No. 1, per 'Forbes' annual billionaires ranking

(Newser) - If Forbes is trying to make us feel bad for the world's billionaires, it's not really working. The magazine notes that, collectively, this group is now worth $400 billion less than they were a year ago, thanks to the ongoing pandemic, tepid markets, and war—but 1,000...

Trump Still a Multi-Billionaire, but His Ranking Tumbles

He falls to No. 766 in newest ranking by 'Forbes'

(Newser) - President Trump probably won't be happy to see Forbes ' 2018 ranking of the world's richest people—he has fallen from No. 544 to No. 766. The list pegs Trump's fortune at $3.1 billion, $400 million less than in 2017. Forbes notes that New York City'...

97% of Hawaiian Island's Hotel Rooms Are Shut Down

Lanai lodgings getting a green overhaul

(Newser) - How's this for exclusive: In the second half of the year, a slim 11 hotel rooms—that's 3% of the normal volume—will be open for guests on the Hawaiian island of Lanai. That's thanks to Oracle billionaire Larry Ellison, who bought 98% of Lanai for $300...

Silicon Valley Milestone: Oracle CEO Larry Ellison Steps Down

But he'll stay with company he founded as chairman

(Newser) - Larry Ellison is stepping aside as CEO of Oracle, the business software maker he founded in 1977. But he's not going far: Ellison will reclaim the title of chairman and is also taking the role of chief technology officer. Oracle says Ellison wants to focus on product engineering, technology...

Oracle's Ellison: Apple Is Lost Without Steve Jobs

Outspoken tech leader thinks company is in trouble

(Newser) - One bigwig in the tech industry is making headlines this morning for dissing another. Oracle CEO didn't mention Apple's Tim Cook, but he made clear in an interview with CBS that he thinks Apple will flounder without Steve Jobs. Asked by Charlie Rose about the post-Jobs era, Ellison...

Top CEOs Scored 16% Pay Rise Last Year: Study
 Top CEOs Scored 16% 
 Pay Rise Last Year 

Top CEOs Scored 16% Pay Rise Last Year

Top salary of the year? $96.2M

(Newser) - So much for reining in CEO salaries. New research has found that the top 200 CEOs of public companies with at least $1 billion in revenue had an average pay package of $15.1 million last year—a pay-raise of approximately 16% from 2011, the New York Times reports. The...

Buffett Drops Out of Forbes Top 3 Billionaires

Carlos Slim still richest guy in the world

(Newser) - Forbes' annual list of billionaires is out—and for the first time since 2000, Warren Buffett didn't make the top three. The list has again expanded; now it contains 1,426 names who boast a total net worth of $5.4 trillion, compared to $4.6 trillion last year....

Net Worth of 400 Richest Americans Jumped 13%
Net Worth of 400 Richest Americans Jumped 13% 

Net Worth of 400 Richest Americans Jumped 13%

And those 400 now make up 1/8 of the US economy

(Newser) - It was a good year for America's 400 richest people, who saw their net worth jump 13% to $1.7 trillion, according to Forbes' latest " Forbes 400 " list. For a little context, Reuters notes that that means their combined net worth represents roughly one-eighth of the entire...

Tech Billionaire Buys Most of Hawaiian Island

Larry Ellison buys sixth-largest island for undisclosed sum

(Newser) - Oracle CEO Larry Ellison has picked up a sweet vacation spot: 98% of the Hawaiian island of Lanai. It's not clear what he paid for the 141-square-mile isle, but it was offered for sale for up to $600 million by Castle & Cooke, a company owned by billionaire David...

Carlos Slim Tops Billionaires List

Mexican tycoon world's richest man with $74 billion

(Newser) - Mexican telecoms tycoon Carlos Slim is the richest person in the world for the second year running, according to Forbes' latest list of billionaires . The 71-year-old Slim, now worth an estimated $74 billion, widened the gap with No. 2 Bill Gates thanks to some canny business moves last year, including...

Mark Hurd: He's Back, Definitely
Mark Hurd:
He's Back, Definitely

Mark Hurd: He's Back, Definitely

Ex-HP CEO signs on with Oracle

(Newser) - The rumors are true —former Hewlett-Packard CEO Mark Hurd is joining Oracle as co-president, replacing Charles Phillips. Oracle CEO Larry Ellison expressed his pleasure, saying, “Mark did a brilliant job at HP and I expect he’ll do even better at Oracle,” And, of course, analysts are...

Mark Hurd: He's Back, Maybe
Mark Hurd:
He's Back, Maybe

Mark Hurd: He's Back, Maybe

Disgraced HP chief eyes new gig at Oracle

(Newser) - You would think that ex-Hewlett-Packard CEO Mark Hurd would quietly lick his wounds and live comfortably off of his $28 million severance. But no: Hurd is rumored to be in talks with friend, admirer, and Oracle CEO Larry Ellison about taking a senior position there, reports the New York Times...

34 US Billionaires Pledge Half Their Money to Charity

Michael Bloomberg, Barry Diller, Larry Ellison among them

(Newser) - Bill Gates and Warren Buffett have convinced 34 more billionaires to sign onto their “Giving Pledge” initiative , promising to give away at least half their money to charity. The list includes the likes of Michael Bloomberg, Ted Turner, Barry Diller, Larry Ellison, and T. Boone Pickens, Reuters reports. “...

Meet the Best Paid Execs of the Decade

Only some of them actually made money for shareholders

(Newser) - Maybe those giant executive pay packages weren’t such great ideas after all. Of the eleven highest paid executives of the last decade, five presided over companies that lost their shareholders money, the Wall Street Journal reveals today, breaking down the numbers to reveal who the decade was most generous...

Average CEO Pay Sinks to $9.5M
Average CEO Pay Sinks
to $9.5M

Average CEO Pay Sinks to $9.5M

Larry Ellison collect s cool $84M

(Newser) - Pity the poor CEO in this recession: average compensation for the honchos in the largest publicly traded companies in the US has sunk to a mere $9.53 million. That's down 15% over the previous year. Some CEOs have fared decidedly better than others. Oracle CEO Larry Ellsion topped this...

US Wins Back America's Cup
 US Wins Back 
 America's Cup 

US Wins Back America's Cup

After 15-year drought, Eliison's BWM Oracle trimaran defeats Swiss Alonghi

(Newser) - Larry Ellison's space-age trimaran BMW Oracle won back the America's Cup for the United States by speeding across the Mediterranean and routing two-time defending champ Alinghi of Switzerland in a two-race sweep. The 65-year-old software tycoon was onboard his incredibly fast craft today, after sitting out Race 1 due to...

America's Greediest People
 America's Greediest People 
Year in Review

America's Greediest People

Larry Ellison heads up a list full of no-good rich folks

(Newser) - These days, it’s easy to fill up a “greediest Americans” list. Just ask , a site devoted entirely to “excess and inequality.” “We could fill an entire top 10 just with bankers from Goldman Sachs,” it boasts. The list:
  1. Larry Ellison: The really

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