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 behind Tesla CEO Elon Musk, according to Forbes’ real-time billionaires list. The 80-year-old’s current net worth is estimated to be $258.8 billion, a staggering figure that has left many in awe.
Ellison’s fortune reportedly rose after Oracle’s stocks rallied over the past week, pushing his net worth to unprecedented heights. This remarkable surge has catapulted him ahead of Bezos, the founder of Amazon, and Zuckerberg, the co-founder and CEO of Facebook, to claim the second spot on the list.
The news comes as a surprise to many, as Bezos and Zuckerberg have long been considered among the richest individuals in the world. Bezos, 59, has held the top spot on the billionaires list for several years, with an estimated net worth of over $300 billion. Zuckerberg, 38, has also been a consistent fixture in the top five, with a net worth of around $120 billion.
Ellison’s ascent to the second spot is a testament to the growth and success of Oracle, a company he co-founded in 1977. As the CEO and CTO of Oracle, Ellison has played a crucial role in the company’s development and has been instrumental in its continued growth and success.
Under Ellison’s leadership, Oracle has become one of the largest and most successful technology companies in the world. The company’s software and cloud computing services are used by millions of customers worldwide, including many of the world’s largest corporations.
Ellison’s net worth has been boosted by Oracle’s strong financial performance in recent years. The company’s stock price has risen significantly over the past decade, driven by its success in the cloud computing market and its ability to adapt to changing technology trends.
In addition to his business acumen, Ellison is also known for his philanthropic efforts. He has donated millions of dollars to various charitable causes, including education and healthcare initiatives. Ellison has also been a vocal advocate for STEM education and has supported several organizations that aim to promote science, technology, engineering, and math education.
While Ellison’s rise to the second spot on the billionaires list is a significant achievement, it is worth noting that his net worth still lags behind that of Elon Musk, the CEO of Tesla and SpaceX. Musk has an estimated net worth of over $300 billion, making him the richest person in the world.
Despite this, Ellison’s achievement is still a remarkable one, and it is a testament to his hard work and dedication to his company. As Oracle continues to grow and succeed, it will be interesting to see how Ellison’s net worth evolves in the coming years.
