Donald Trump / Golf / Market / 2020 election / Bloomberg / campaign fundraising / Larry Ellison / Silicon Valley

Oracle's Larry Ellison makes friends with his enemy's enemy, hosting a fundraiser for President Trump

Posted On: Feb 14, 2020   |   Posted By: Fortune

Larry Ellison, the co-founder and executive chairman of Oracle Corp. is a fierce competitor, to put it mildly. This is a man who helped build a $177 billion company, and who likes to unwind by funding ludicrous hydrofoiling racing catamarans.
Increasingly, Ellison's company is competing with the cloud computing wing of Amazon .com Inc., and he does it with zeal. Oracle funded an anti-Amazon group called the “Free and Fair Markets Initiative” to attack Amazon. Oracle also worked desperately to derail Amazon's bid for JEDI, a lucrative Defense Department cloud contract, going for far as to sue the federal government for illegally favoring Amazon.
Now, Ellison is making friends with his enemy's enemy, who happens to be the President of the United States. On Wednesday, Ellison will host a fundraiser for President Donald Trump at his home in Rancho Mirage, California. Top contributors are expected to shell out $250,000 for a photo, a golf outing and a round-table discussion.
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