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INSPIRATION: Wealth isn’t the same thing as intelligence
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Wealth isn’t the same thing as intelligence
By Kathy Miller

BT 201904 INSPIRATIOMN 01智商并不等同于财富



BT 201904 INSPIRATIOMN 02Unshared success is failure
Being among the richest people on the planet, the CEO of an American multinational computer technology corporation purchased many properties, which are usually described as trophies. He has bought many houses, and each and one of them designed as a museum. His Woodside, California home, was modelled after the 16th century Japanese emperor’s palace. In 2012, he purchased 98% of the Hawaiian island of Lanai. He bought a sailing team and the Indian Wells tennis event, as well. All of these purchases show how wealthy this man is.

In the beginning, it was all black and white
The beginning of his life wasn’t quite good. His nineteen-year-old mother gave him up for adoption, so his aunt and uncle decided to adopt him. He grew up in a Jewish family, but stayed sceptic about religion. In one of his interviews, he said that Judaism dogmas didn’t interest him and that he didn’t believe in them. He also refused to have a bar mitzvah celebration. He was born in Bronx, New York, but grew up in Chicago. Later on, he moved to California, where he began his path to success. Being one of the richest and most successful people in the world, people would assume that he has a college degree. But, that is not the case with him. He had dropped out of college twice! Even though he did that, he still managed to find his way to the top. Nowadays, many people assume that college degree is a necessity for achieving what you want, but it seems that is not the truth. Steve Jobs, Bill Gates, Mark Zuckerberg – are examples of people without college degree, but with a creative mind and innovative ideas!

BT 201904 INSPIRATIOMN 03A road to success
How did he become a co-founder of the world’s second largest software company?

He was interested in computer programming, so, over the years, before co-founding his own company, he had worked for different companies, such as Ampex, Amdahl Corporation, Fireman’s Fund and Wells Fargo & Company. While working for these companies, he had gained the experience that helped him become what he is today.

In 1977, he and his associates, Robert Miner and Ed Oates, were inspired by a research paper of the British computer scientist, Edgar F. Codd. The research paper was about relational database - which helps us understand how the computer system stores and accesses information.

BT 201904 INSPIRATIOMN 04Oracle
In 1979, he, R. Miner and E. Oates co-founded a company called Relational Software Inc., but it changed in 1982 to Oracle Systems Corporation after its flagship product, the Oracle Database. He heard about the IBM System R database, which was also based on Codd’s theories, and wanted Oracle to achieve compatibility with it. However, IBM made this impossible by refusing to share System R’s code. In 1990, his company had to lay off 400 people and it almost resulted in the company’s bankruptcy.

The Wall Street Journal called the CEO of Oracle the world’s highest-paid executive. Soon, the billionaire expanded his company by buying businesses that included Retek, PeopleSoft, Hyperion Solutions, Siebel Systems and Sun Microsystems. Oracle Corporation had grown rapidly, hiring 130,000 people and boasted annual gross profits of around $30 billion.

The ninth richest man in the world became a part of Apple Computer Company. He was hired by Steve Jobs. Unfortunately, in 2002 he resigned saying that his schedule didn’t allow him to attend enough of the formal board meetings to warrant a role as a director.

High stakes
In 2018, he entered the board of directors of Tesla. He had acquired a $1-billion stake in Tesla Inc., which made him the carmaker’s second biggest individual investor after his close friend, Elon Musk. According to Bloomberg, 1.75% stake makes him the second largest disclosed individual shareholder.

BT 201904 INSPIRATIOMN 05Life story
An American businessman, entrepreneur and a philanthropist once said that the greatest achievers were driven, not so much by pursuit of success, but by the fear of failure.

According to Forbes, he is the fifth richest man in California, and the ninth richest man in the world! He is the founder and the largest shareholder of Oracle, the database company that had revenue of $40 billion in 2018. Even though he is not the CEO anymore, he still owns 30% of the company. If you haven’t guessed who this billionaire is, this is the life story of Larry Ellison.

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