Oracle’s Larry Ellison Overtakes Bezos & Zuckerberg, Becomes World’s 2nd Richest Person
In a shocking 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, according to Forbes’ real-time billionaires list. The 80-year-old’s current net worth is estimated to be $258.8 billion, it stated. His fortune reportedly rose after Oracle’s stocks rallied over the past week.
Ellison’s incredible rise to the second spot on the global rich list came as a surprise to many, considering the dominance of tech giants like Amazon and Facebook in the past decade. However, Oracle’s strong stock performance has propelled Ellison’s net worth to unprecedented heights, leaving Bezos and Zuckerberg in his wake.
Forbes’ real-time billionaires list tracks the net worth of the world’s wealthiest individuals in real-time, providing a glimpse into the ever-changing landscape of global wealth. The list is calculated based on the stock prices of publicly traded companies, as well as other assets such as property and investments.
Bezos, the founder of Amazon, has been the richest person in the world for several years, with a net worth estimated to be over $300 billion. Zuckerberg, the co-founder and CEO of Facebook, has also been a regular fixture in the top 5 of the global rich list.
Oracle’s stock rally has been attributed to a combination of factors, including the company’s strong quarterly earnings report and its growing presence in the cloud computing market. The software giant has been investing heavily in its cloud infrastructure, which has helped to drive growth and increase its competitiveness in the market.
Ellison’s rise to the second spot on the global rich list is a testament to his astute business acumen and his ability to navigate the ever-changing tech landscape. As the co-founder and CTO of Oracle, Ellison has played a key role in the company’s evolution into a leading provider of cloud-based solutions.
The news of Ellison’s rise to the second spot on the global rich list has sent shockwaves through the tech industry, with many analysts and investors taking note of the significant shift in power dynamics. While Bezos and Zuckerberg have dominated the global rich list in recent years, Ellison’s sudden surge to the second spot is a clear indication that the tech landscape is undergoing a significant transformation.
In conclusion, Oracle’s Larry Ellison has made a remarkable comeback to the global rich list, surpassing Bezos and Zuckerberg to become the world’s second richest person. His net worth is estimated to be $258.8 billion, a testament to his business acumen and Oracle’s strong stock performance. As the tech landscape continues to evolve, it will be fascinating to see how Ellison and Oracle navigate the challenges and opportunities that lie ahead.
