lawrence@gmail.com
Net Worth: 393B
Oracle Corporation
Ellison was born on August 17, 1944, in New York City to a Jewish mother, Florence Spellman. His biological father was an Italian-American United States Army Air Corps pilot. After Ellison contracted pneumonia at the age of nine months, his mother gave him to her aunt and uncle for adoption. He did not meet Spellman again until he was 48.
Ellison moved with his adoptive parents to Chicago's South Shore, then a primarily Jewish middle-class neighborhood. He remembers his adoptive mother, Lillian Spellman Ellison, as warm and loving. He found his adoptive father, Louis Ellison, to be austere, unsupportive, and often distant. A government employee who had made a small fortune in Chicago real estate, only to lose it during the Great Depression, Louis had chosen his last name to honor Ellis Island, his point of entry into the United States.
Larry Ellison’s apparent show of support for his son comes amid a bidding war for the company, known as WBD, which controls the top-ranked studio, No. 3 streaming service, as well as major cable properties.
David Zaslav, WBD’s chief executive, has been shopping his baby to major media and tech outfits including Netflix and Amazon after receiving the bid from the Ellisons’ Paramount Skydance.
David Ellison last bid $23.50 a share, or around $56 billion, but Zaslav is looking for as much as $30 a share, or above $70 billion. He aims to complete a sale of some or all of the company by Christmas. If there’s no deal, Zaslav says he will break WBD into two separate units next year.
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