Larry Ellison
Larry Alison, the founder of Oracle and the second richest person in the world, is now preparing to donate a large part of his wealth for the good of the society. Alison’s total assets are currently estimated at around $ 373 billion (about 31 lakh crore rupees). After this decision, Ellison remains in the discussion.
Ai increased wealth due to AI
In the last few months, Oracle Company has also benefited from Artificial Intelligence (AI) sector. This led to a huge bounce in Oracle’s shares and Larry Alison’s wealth has increased record breaking. Apart from this, investment made in companies like Tesla also contributes to his assets.
Resolution was taken under the Giving Play
In 2010, Alison, while joining the initiative called “Giving Plays”, promised that he would donate 95% of his total assets. However, he also clearly stated that he will not follow traditional charity institutions, but will serve the society on his own terms and in his own way.
Alison Institute: 1.3 billion dollars
The main part of Ellison’s philanthropic schemes is an institute called Ellison Institute of Technology (EIT), located at the University of Oxford, UK. The institute is doing research on issues like healthcare, food security, climate change and artificial intelligence. By the year 2027, a new campus of EIT is being prepared, the estimated cost of which is about $ 1.3 billion.
Have made big donations before
This is not the first time Larry Ellison has taken an initiative related to any social service. He earlier also donated $ 200 million (about Rs 1600 crore) to the Cancer Research Center to the University of Southern California. Ellison gave around $ 1 billion to the medical foundation, which worked on the health and disease prevention of the elderly.
Although he has been criticized many times that he did not directly donate as much as he had promised, but the institutions made by him and long -term plans are delivering billions of dollars to the society.
Changes in leadership, but work continues
EIT faced some internal challenges last year. In 2024, scientist John Bell was appointed as its chief, but in a short time he decided to withdraw from this responsibility. Despite this, Alison’s team is advancing the mission of the institute and they themselves are watching this project very closely.