Oracle’s Larry Ellison Overtakes Bezos & Zuckerberg, Becomes World’s 2nd Richest Person
In a stunning turn of events, Oracle Chairman and CTO Larry Ellison has surpassed billionaires Jeff Bezos and Mark Zuckerberg to become the world’s second richest person behind Tesla CEO Elon Musk, according to Forbes’ real-time billionaires list. At the age of 80, Ellison’s current net worth is estimated to be a staggering $258.8 billion, marking a significant increase in his fortune over the past week.
Ellison’s remarkable rise to the top two spot on the richest people list is largely attributed to the surge in Oracle’s stocks. The company’s shares have rallied significantly over the past week, leading to a substantial increase in Ellison’s net worth. This development has sent shockwaves throughout the business and financial communities, with many experts and analysts taking notice of the sudden change in the billionaire’s ranking.
Forbes’ real-time billionaires list is widely regarded as the most authoritative and reliable source for tracking the net worth of the world’s wealthiest individuals. The list is updated in real-time, providing an accurate and up-to-date reflection of the billionaires’ net worth.
Ellison’s ascent to the second spot on the list has relegated Bezos, the founder of Amazon, to the third spot. Bezos’ net worth currently stands at $252.2 billion, a significant decrease from his previous net worth. Zuckerberg, the CEO of Facebook, has also fallen behind Ellison, with his net worth currently estimated to be $242.4 billion.
The sudden shift in the billionaires’ ranking is a testament to the ever-changing dynamics of the business and financial world. Ellison’s rise to the second spot is largely attributed to the success of Oracle, which has been a major player in the technology industry for decades. The company’s cloud computing services, in particular, have been a driving force behind its growth, with many major corporations and organizations relying on Oracle’s services.
Ellison’s net worth has been steadily increasing over the past few years, thanks to the company’s continued success and the growth of the technology industry as a whole. His net worth has more than doubled since 2020, with the majority of his wealth coming from his stake in Oracle.
In addition to his net worth, Ellison’s ranking on the list of richest people is also a testament to his business acumen and entrepreneurial spirit. He co-founded Oracle in 1977 with Bob Miner and Ed Oates, and has since been instrumental in the company’s growth and success.
Ellison’s rise to the second spot on the list has sent a message to investors and entrepreneurs alike, highlighting the importance of long-term thinking and strategic planning. His success is a testament to the power of innovation and the importance of staying ahead of the curve in an ever-changing business landscape.
In conclusion, Oracle’s Larry Ellison has made a significant impact on the business and financial world with his rise to the second spot on the list of richest people. His net worth of $258.8 billion is a testament to his business acumen and entrepreneurial spirit, and serves as a reminder of the importance of innovation and long-term thinking.
