Comment by georgeecollins
2 hours ago
He also really doesn't do much (almost any?) charity so far in his life. And he never had to split assets in a divorce. So he's like a dung beetle of money.
2 hours ago
He also really doesn't do much (almost any?) charity so far in his life. And he never had to split assets in a divorce. So he's like a dung beetle of money.
This is completely misleading.
Even a cursory google search will give a rather long list:
- Giving Pledge: Ellison signed the Giving Pledge, committing to donate the majority of his wealth to philanthropy. Recently, he announced plans to donate 95% of his $373 billion fortune, focusing on science, healthcare, climate change, and AI research.
- Ellison Medical Foundation: Invested nearly $1 billion in biomedical research on aging and disease prevention before closing in 2013
- Lawrence Ellison Foundation: Supports research on aging, health, education, sustainable agriculture, and wildlife conservation.
- Ellison Institute for Transformative Medicine (USC): Established with a $200 million donation to advance cancer research and personalized therapies
- Ellison Institute of Technology (Oxford): A for-profit philanthropic initiative tackling global challenges like healthcare, food insecurity, climate change, and AI. A new campus worth $1.3 billion is planned for 2027
- Significant funding for Oxford University through EIT partnerships, including scholarships and research programs.
- Lion Country Safari Acquisition: Purchased the 254-acre wildlife sanctuary in Florida for $30 million through his foundation, ensuring continued conservation efforts.
- Larry Ellison Conservation Center: Opened in California to rehabilitate and breed endangered species
I'm not a huge fan of his or how Oracle has conducted business, but his giving represents billions to charity, not exactly fitting for the "dung beetle" label people are so quick to apply to him.
So he has pledged to give away 95%. But so far it seems like he has given very little, maybe 1%?
Yeah I don't know why people shame dung beetles with association to him
"Larry Ellison has been involved with two philanthropic organizations. First he made a $300M donation to Stanford, in exchange for not admitting wrongdoing in an options backdating scandal. All other philanthropic work is to the Larry Ellison institute for prolonging of life--namely his." -- Bryan Cantrill
https://www.youtube.com/watch?v=-zRN7XLCRhc
It's amusing but it's not true. From Wikipedia:
> In 1992, Ellison shattered his elbow in a high-speed bicycle crash. After receiving treatment at University of California, Davis, Ellison donated $5 million to seed the Lawrence J. Ellison Musculo-Skeletal Research Center.
> In 1998, the Lawrence J. Ellison Ambulatory Care Center opened on the Sacramento campus of the UC Davis Medical Center
> In 2007, Ellison pledged $500,000 to fortify a community centre in Sderot, Israel, against rocket attacks
> In 2014, he donated $10 million to the Friends of the Israel Defense Forces.
> In 2017, he donated $16.6 million donation to support the construction of well-being facilities on a new campus for co-ed conscripts
> In May 2016, Ellison donated $200 million to the University of Southern California to establish a cancer research center: the Lawrence J. Ellison Institute for Transformative Medicine of USC
> Between 2021 and 2023, Ellison invested $130 million in the Tony Blair Institute for Global Change and has pledged a further $218 million since then
Funny death is the equalizer for now till you get the foundation situation
Sounds like he is a refreshingly honest person
> in exchange for not admitting wrongdoing in an options backdating scandal
>> Refreshing honest
?
Honest doesn't make good.
Sounds like he’s a twat.
5 replies →
He's been divorced five times: https://en.wikipedia.org/wiki/Larry_Ellison#Marriages
But I guess with the first one having ended pre-Oracle, he's had a pretty solid pre-nup ever since.
He did buy an entire island in Hawaii and makes it a decent place for the natives (from what I hear) but otherwise...
Billionaire Drools That “Citizens Will Be on Their Best Behavior” Under Constant AI Surveillance
https://futurism.com/the-byte/billionaire-constant-ai-survei...
Is the kind of mindset behind this guy.
dung beetle of *wealth
Which is kinda irrelevant. Him selling Oracle shares does not fundamentally change the world in any way. Sure you can say "he should sell shares and do charity", but you could make the same argument that whoever would be buying those shares could be doing charity instead.