The 81-Year-Old billionaire Challenging Elon Musk
No degree, two children in Hollywood, and a passion for piloting combat jets: this is the portrait of the man competing with Elon Musk to be the richest person in the world at the age of 81.
The parable of Ellison,who in 2014 left the role of CEO to remain president and Chief Technology Officer of Oracle,shows how a dinosaur of Silicon Valley can reinvent itself and become a leader,Starting from the databases to the bet on cloud computing,neuralgic infrastructure for the advancement of AI.
Never graduated – he left the university twice – in an interview with the “Corriere” sul suo mega yacht «Rising sun» (Green east), moored in Rada in Valencia, because too long for the Navy, in July 2005 he explained to us why he had abandoned his studies. «Our educational system rewards conformism e does not encourage to think with his own head. I don’t think it’s very useful to manage a company. it is indeed not surprising that many prosperous entrepreneurs have abandoned the university to found their business, “he said.
Also The founder of Microsoft Bill Gates and the patron of Virgin, Richard Branson, are basically “dropout”, have never finished their studies. According to Ellison, innovation was missing in universities. “In academic structures there has always been a lot of hostility against innovation, let’s think of Galileo.But the most crucial thing for an entrepreneur is the ability to shatter the conventional wisdom, to think that everyone is wrong and therefore finding a new way to do something. To guide a group of people then it is also necessary to know how to communicate: to persuade, explain, convince others ».
Larry Ellison, from Oracle to Trump’s AI Project: A Life Between Power and Longevity
Larry Ellison, the co-founder of Oracle, isn’t chasing space like Elon Musk; his passion lies in real estate. His American portfolio boasts legendary properties,from Villa Astor in Newport to a staggering 98% ownership of the island of Lanai,Hawaii.purchased for $300 million in 2012 with Dr. David Agus – a friend of Steve Jobs – Ellison founded Sensei, a chain of luxury wellness and longevity resorts, transforming the island into an exclusive destination for high-profile guests like Elon Musk, Tom Cruise, and Benjamin Netanyahu.
Over the years, Ellison has cultivated a strong relationship with Donald Trump, acting as a Republican supporter and financier. Trump’s potential return to the white House has translated into business advantages for Oracle, with the president repeatedly favoring the company, assigning it a central role in the $500 billion “Stargate” project – a massive plan for artificial intelligence infrastructure launched in January. furthermore, Trump has publicly endorsed the possibility of Oracle acquiring a stake in TikTok’s American branch, perhaps granting access to a globally popular consumer product. This operation, backed by other investors, awaits approval from Beijing.
“The most critically important thing is my family, then my company, then my hobbies,” Ellison once stated, though his lifestyle suggests a different order of priorities. Today, with oracle revitalized by lucrative contracts with OpenAI, Nvidia, and Xai, Ellison is experiencing a resurgence, defying age and continuing to strive for global leadership, aiming to shape the future.
Intesa Sanpaolo: profitto in crescita nel 2023, ma attenzione ai rischi
Intesa Sanpaolo ha registrato un significativo aumento dei profitti nel 2023, raggiungendo i 7,7 miliardi di euro, in crescita rispetto ai 6,5 miliardi del 2022. Questo risultato positivo è stato trainato dalla crescita dei ricavi netti, che hanno superato i 12 miliardi di euro, e dalla gestione efficiente dei costi.
La banca ha beneficiato di un contesto macroeconomico favorevole, con tassi di interesse in aumento che hanno migliorato i margini di interesse. Tuttavia,la banca ha anche sottolineato l’importanza di monitorare attentamente i rischi emergenti,tra cui l’inflazione persistente,le tensioni geopolitiche e il rallentamento della crescita economica globale.
Carlo Messina, amministratore delegato di Intesa Sanpaolo, ha evidenziato l’impegno della banca verso la sostenibilità e l’inclusione sociale, sottolineando come questi fattori siano sempre più importanti per attrarre investitori e talenti. La banca ha infatti stanziato oltre 6 miliardi di euro per il sostegno all’economia reale, con un focus particolare sulle piccole e medie imprese.
Nonostante i risultati positivi, gli analisti invitano alla cautela, sottolineando come l’aumento dei tassi di interesse possa anche comportare un aumento del rischio di credito. Inoltre, la banca dovrà affrontare nuove sfide normative, tra cui l’implementazione di Basilea 4, che richiederà un aumento del capitale.
Intesa Sanpaolo ha confermato di prevedere un ulteriore aumento dei profitti nel 2024, ma ha anche avvertito che la crescita potrebbe essere più moderata rispetto al 2023. La banca si concentrerà sulla diversificazione dei ricavi, sulla digitalizzazione dei processi e sul rafforzamento della sua posizione di leadership nel mercato italiano.
Per maggiori informazioni, si rimanda al sito ufficiale di Intesa Sanpaolo e alle analisi di Reuters.