Oracle co-founder Larry Ellison has surpassed Amazon’s Jeff Bezos to become the world’s second-richest person, following a historic $26 billion single-day gain. Ellison’s net worth now stands at $243 billion, placing him ahead of Bezos ($228 billion) and Meta CEO Mark Zuckerberg ($239 billion).
What Led to Ellison’s Wealth Surge?
- Oracle’s Stock Rally: The company’s quarterly earnings exceeded Wall Street expectations, driving its stock price to a record high of $200 per share.
- AI & Cloud Expansion: Investor confidence in Oracle’s AI-driven cloud computing strategy fueled the surge.
- Market Momentum: Ellison’s fortune now exceeds the GDP of several countries, highlighting his dominance in the tech sector.
Billionaire Rankings After Ellison’s Rise
1️⃣ Elon Musk – $407 billion
2️⃣ Larry Ellison – $243 billion
3️⃣ Mark Zuckerberg – $239 billion
4️⃣ Jeff Bezos – $228 billion
5️⃣ Warren Buffett – $152 billion
Future Outlook
Ellison’s ascent underscores Oracle’s growing influence in AI and cloud computing, positioning him as a key player in the global tech economy.
