Larry Ellison has been a Silicon Valley titan for nearly half a century. Now 81, he is redefining himself, with the help of his son David, as a 21st-century version of the 20th-century press baron, at the head of an empire straddling tech, media and politics.
‘Back to the top of the tech heap’ Ellison co-founded Software Development Laboratories in 1977 with an initial investment of just $2,000. The software and database company, which would later become Oracle Corporation, is now valued at more than $800 billion, and Ellison still owns 40%. He stepped down as CEO in 2014 but, far from calling it a day, he has since “clawed his way back to the top of the tech heap”, said the Financial Times.
Ellison is “forging new personal alliances” as he attempts to position himself in the “vanguard of the AI revolution”. His net worth has doubled in the past year, largely due to the key role Oracle is playing in building AI infrastructure, entering lucrative deals with the likes of OpenAI and governments around the world. His big bet on AI saw him briefly become the world’s richest person in September.
‘CEO of everything’ Ellison’s extracurricular interests have “tended to skew towards yachting, tennis, anti-ageing research and buying an island in Hawaii”, said the BBC, and a late-in-life transformation into media mogul is “an unlikely path”. Yet the father-and-son duo are pursuing deals “that would give them control over some of the biggest media companies on the planet”.
David Ellison’s Skydance Media, the Hollywood production company behind hit films like “Top Gun: Maverick”, has secured an $8 billion deal to purchase Paramount and its subsidiaries. The company is also in talks to take over Warner Bros Discovery, and Oracle will be part of a consortium to take over a minority stake in TikTok’s US operations, giving it a greater role in retraining the platform’s algorithm.
These deals would not have been possible without the explicit support of Donald Trump. The US president has called Ellison a “sort of CEO of everything”. And indeed, “taken together”, said The Telegraph, “these investments put Ellison at the heart of some of the world’s most powerful outlets in both traditional and new media”.
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