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. Ellison’s net worth is estimated to be a staggering $258.8 billion, a significant jump that has propelled him to the second spot, behind only Tesla CEO Elon Musk.
Ellison’s fortune has reportedly risen after Oracle’s stocks rallied over the past week, a development that has sent his net worth soaring. This remarkable ascent has seen him leapfrog two of the world’s most successful entrepreneurs, Bezos and Zuckerberg, who have long been among the top three richest individuals globally.
Bezos, the founder of Amazon, has seen his net worth fluctuate in recent times, largely due to the volatility of his company’s stock price. However, his net worth is currently estimated to be around $255.4 billion, a significant drop from his previous peak. Zuckerberg, the co-founder and CEO of Facebook, has also seen his net worth decline, currently standing at around $234.1 billion.
Ellison’s remarkable rise to the second spot is a testament to his shrewd business acumen and the success of Oracle, the software giant he co-founded in 1977. Under his leadership, Oracle has grown into one of the world’s largest and most influential technology companies, with a diverse portfolio of products and services that cater to a wide range of industries.
Oracle’s recent stock rally has been driven by a number of factors, including its growing presence in the cloud computing market, its expanding portfolio of artificial intelligence and machine learning tools, and its increasing focus on emerging technologies such as blockchain and the Internet of Things (IoT).
Ellison’s personal net worth has been boosted by his significant ownership stake in Oracle, which currently stands at around 35%. He has also made savvy investments in other companies and assets over the years, which have contributed to his net worth.
At 80 years old, Ellison is one of the oldest billionaires in the world, but his remarkable success story is a testament to his enduring passion for innovation and entrepreneurship. Throughout his career, Ellison has been known for his innovative approach to business, his willingness to take calculated risks, and his ability to adapt to changing market conditions.
Ellison’s rise to the second spot on the Forbes billionaires list is a significant milestone in his illustrious career, and it cements his status as one of the most successful and influential entrepreneurs in the world. As Oracle continues to evolve and expand its offerings, it will be interesting to see how Ellison’s net worth continues to grow in the coming years.
In conclusion, Larry Ellison’s remarkable rise to the second spot on the Forbes billionaires list is a testament to his enduring success and the enduring power of innovation and entrepreneurship. As Oracle continues to thrive and evolve, it will be exciting to see how Ellison’s net worth continues to grow and how he continues to shape the world of technology and beyond.
