Safra Catz, co-CEO of Oracle, debuts on Forbes’ World’s Billionaires List with a net worth of $1 billion.
Safra Catz, co-CEO of Oracle, is now one of only 61 self-made female billionaires in the world. Photographer: David Paul Morris/Bloomberg, the media-averse and once reluctant co-CEO of software behemoth Oracle, debuts on’ definitive ranking of the wealthiest people on earth with a net worth of $1 billion. Though she owns less than 1% of the company, her option grants—which form the majority of her fortune—have pushed her to the top 1% of the world.
The Israeli-born Catz graduated from the Wharton School at University of Pennsylvania in 1983, and went on to get a law degree at the same institution in 1986. She worked in finance for 14 years, covering the software industry and becoming managing director at investment banking group Donaldson, Lufkin & Jenrette in her last three years on Wall Street before jumping ship to Oracle in 1999 as a senior vice president. She was personally recruited by Ellison.
Three years later in April 2008, Oracle acquired BEA Systems for $8.5 billion to the delight of billionaire activist investor Carl Icahn who had been pressuring the company to sell itself for months. Catz, in a May 2018 commencement speech at Wharton, revealed she personally dealt with the billionaire investor but kept mum on the details. “I can’t really speak about [it] in open session,” she said to the graduating class of M.B.A. students. “It would be unladylike.
The first is, perhaps, an unsurprising one: “The press is not your friend,” Catz said. “The number of executives who actually believe they have friends in the press always amazes me.”
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