Friday, November 21, 2008, 9:39PM ET - U.S. Markets Closed.
Richest Americans - #4
Lawrence Ellison
Net Worth: $26 billion
Source: Oracle
Residence: Redwood City, Calif.
Age: 63
Marital Status: Thrice divorced, remarried; 2 children
- Oracle titan reshaping the software industry via acquisition; has purchased 19 firms for $12 billion since the beginning of last year.
- Forging into retail, business intelligence software; determined to squeeze out German rival SAP.
- Biggest challenge: making the myriad applications work together for the release of Oracle Fusion in 2008.
- Company's sales rose 25% to $18 billion last year; profit up 26% to $4.3 billion.
- Chicago native studied physics at U. of Chicago; didn't graduate.
- Started Oracle in 1977. Took public in 1986, a day before Microsoft. Companies have been fiercely competitive since.
- Side bet: invested $125 million in Web software outfit NetSuite; public offering imminent.
- Has yet to find a home for $100 million he is required to donate as part of an insider trading suit settlement.
- Still yearning to win yachting's most prestigious trophy, the America's Cup. Lost this year to Luna Rossi; rumored to be reviewing new boat designs for 2008. Also owns 453-foot Rising Sun; building a smaller leisure boat because megayacht is hard to park.
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Loan Type Today Last Week 30 Year Fixed 6.00% 6.06% 15 Year Fixed 5.64% 5.76% 1 Year ARM 5.57% 5.67% 30 Year Fixed Jumbo 7.54% 7.52% 5/1 ARM 5.85% 5.96% 3/1 ARM 5.73% 5.72% Source: Bankrate -
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