Oracle’s Ellison is moving from California to Hawaii

Oracle Co-founder Larry Ellison Moved from Silicon Valley, California to a Hawaiian island where he owns almost all the land

The Millionaire Announced his transfer Of software companies Employees wrote Monday in a company-wide email that they would not follow the company’s headquarters from Redwood City, California to Austin, Texas.

Oracle Exit California for Texas. Should the last one in Silicon Valley turn off the lights?

The 76-year-old said he would “use force” Zoom in‚ÄúCommunicating with staff, leaving “Mahalo, Larry.”

Ellison, of the world 11th richest About $ 75 billion in net worth, 98% owned by Lana, According to Hawaii News Now.

Oracle CEO Larry Ellison unveiled the Oracle Database in-memory on June 10, 2014 at the company’s headquarters in Redwood Shores, California. REUTERS / Noah Berger

Chairman Paid hundreds of millions of dollars To the sixth largest island in Hawaii in 2012, two years before him The CEO of the company resigned.

Ellison, the principal owner of Lana’s 3,000 residents, owns the resorts, hotels, main grocery store, housing stock and newspaper. According to Bloomberg.

Oracle did not immediately respond to a request for comment. 43-year-old company Part of the S&P100, With 138,000 employees.

Ellison and Oracle are not the only Silicon Fence power players leaving California this year.

Initial start-up investor Keith Rabois announced his move To Miami in September, and the Bay Area has seen a recent departure Peter Thiel of Paypal And Alex Corp of Fruit And Joe Lonestale.

See also  Brussels postpones tax on technology companies

Click here to read more about Fox Business

Tesla And SpaceX Founder Elon Musk Last week he announced that he was leaving Golden State for Austin.

Musk cited higher taxes and health restrictions related to the corona virus as reasons for his departure.

Leave a Reply

Your email address will not be published. Required fields are marked *