Larry Ellison founded the cloud computing company, Oracle, in 1977, where he still serves as the chief technology officer. Larry Ellison, the 80-year-old founder and chief technology officer of software giant Oracle, is now the world's second-wealthiest person. Ellison, who founded Oracle in 1977 and served as CEO until 2014, has seen that growth reflected in his net worth. Oracle founder Larry Ellison. The company's quarterly revenues were up 11% year-over-year to reach $15.9 billion, driven by a 14% increase in cloud services revenue.