Oracle’s Larry Ellison Overtakes Bezos & Zuckerberg, Becomes World’s 2nd Richest Person
In a remarkable 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. The 80-year-old’s current net worth is estimated to be a staggering $258.8 billion, a figure that has risen significantly over the past week.
Ellison’s meteoric rise to the top of the billionaires’ list can be attributed to the impressive rally of Oracle’s stocks over the past week. The company’s shares have surged, resulting in a substantial increase in Ellison’s net worth. This remarkable feat has earned him the distinction of becoming the second-richest person in the world, surpassing two of the most prominent names in the tech industry, Jeff Bezos and Mark Zuckerberg.
Bezos, the founder of Amazon, has held the top spot in the billionaires’ list for several years, with a net worth of over $300 billion. However, Ellison’s recent surge has seen him leapfrog Bezos and Zuckerberg, who have both seen their net worth decline in recent times. Zuckerberg, the co-founder and CEO of Facebook, has also seen his net worth decline due to the ongoing controversy surrounding his company.
Musk, the CEO of Tesla and SpaceX, continues to hold the top spot on the billionaires’ list, with a net worth of over $300 billion. However, Ellison’s recent rise has seen him narrow the gap between himself and Musk, and it is likely that he will continue to rise up the ranks in the coming weeks and months.
Ellison’s impressive net worth is a testament to his successful career in the tech industry. He co-founded Oracle in 1977 and has since grown the company into one of the largest and most successful technology companies in the world. Under his leadership, Oracle has diversified its portfolio and expanded into new markets, resulting in significant growth and profits.
In addition to his work at Oracle, Ellison is also known for his philanthropic efforts. He has donated millions of dollars to various charitable causes over the years, including the Ellison Medical Foundation, which focuses on medical research and education. He has also supported various environmental causes, including the fight against climate change.
Ellison’s rise to the top of the billionaires’ list is a remarkable achievement, and it is likely that he will continue to be a major player in the tech industry for years to come. His success is a testament to his hard work and dedication, and it is likely that he will continue to inspire and motivate others in the tech industry.
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