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, according to Forbes’ real-time billionaires list. The 80-year-old’s current net worth is estimated to be a whopping $258.8 billion, trailing only Tesla CEO Elon Musk, who remains the richest person in the world.
Ellison’s fortune reportedly rose after Oracle’s stocks rallied over the past week, propelling him to the second spot on the list. This marks a significant milestone for the tech mogul, who has been steadily building his wealth over the years through his successful tenure at Oracle.
Oracle’s stock price has been on a tear recently, with the company’s shares surging by over 10% in the past week alone. This surge in stock value has contributed significantly to Ellison’s net worth, pushing him ahead of Bezos and Zuckerberg in the process.
Jeff Bezos, the founder of Amazon, has been the richest person in the world for several years, but Ellison’s recent gains have allowed him to overtake the Amazon mogul. Mark Zuckerberg, the co-founder and CEO of Facebook, rounds out the top three, with a net worth of around $124.6 billion.
Ellison’s rise to the second spot on the list is a testament to his enduring success in the tech industry. He co-founded Oracle in 1977 and has since built the company into one of the largest and most successful technology companies in the world.
Under Ellison’s leadership, Oracle has expanded its scope to include a wide range of products and services, including cloud computing, artificial intelligence, and cybersecurity. The company has also made several strategic acquisitions over the years, including the purchase of NetSuite in 2016 and the acquisition of Talari Networks in 2019.
Ellison’s success at Oracle has been matched by his success in the investment world. He has a diverse portfolio of investments, including stakes in companies like Tesla, Alibaba Group, and Salesforce.com. He has also made significant investments in real estate, with a reported net worth of over $100 billion in his personal property holdings.
Despite his immense wealth, Ellison is known for his frugal and humble nature. He is rarely seen at high-profile events and has a reputation for being a private person. He is also known for his philanthropic efforts, with a reported giving rate of over 10% of his income to charitable causes.
In conclusion, Larry Ellison’s rise to the second spot on the Forbes billionaires list is a testament to his enduring success in the tech industry. His wealth and influence are a reflection of his hard work and dedication to building Oracle into one of the most successful technology companies in the world. As he continues to build his wealth and influence, it will be interesting to see how he continues to shape the future of the tech industry.
