Oracle’s Larry Ellison Overtakes Bezos & Zuckerberg, Becomes World’s 2nd Richest Person
The tech industry is abuzz with the latest news that 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, it stated. His fortune reportedly rose after Oracle’s stocks rallied over the past week.
Ellison’s rapid ascent up the billionaire’s list is a testament to his shrewd business acumen and Oracle’s continued success in the competitive world of enterprise software. As the co-founder and current CTO of Oracle, Ellison has been instrumental in driving the company’s growth and innovation over the years.
Oracle’s stock price has been on a tear in recent weeks, with shares rising by over 10% in the past month alone. This surge in value has contributed significantly to Ellison’s net worth, which has now surpassed that of Bezos and Zuckerberg.
Bezos, the founder of Amazon, has held the second spot on the billionaire’s list for several years, with a net worth of around $200 billion. Zuckerberg, the co-founder and CEO of Facebook, has also been a fixture on the list, with a net worth of around $120 billion.
Ellison’s rise to the top two spot is a significant milestone in his career, and a testament to his enduring influence in the tech industry. At 80 years old, he is still very much active in the tech world, and continues to be a driving force behind Oracle’s success.
Ellison’s success can be attributed to his ability to adapt to changing market trends and his willingness to take calculated risks. Under his leadership, Oracle has expanded its portfolio of products and services to include cloud computing, artificial intelligence, and machine learning.
In addition to his work at Oracle, Ellison is also known for his philanthropic efforts, particularly in the area of cancer research. He has donated millions of dollars to various charitable organizations, including the Ellison Medical Foundation, which he founded in 1995.
Ellison’s rise to the top two spot on the billionaire’s list is also a reflection of the growing importance of enterprise software in the modern economy. As more and more businesses rely on technology to drive their operations, companies like Oracle are well-positioned to benefit from this trend.
In conclusion, Larry Ellison’s rise to the second spot on the billionaire’s list is a testament to his enduring influence in the tech industry, and his ability to adapt to changing market trends. As Oracle continues to grow and innovate, it will be interesting to see how Ellison’s net worth continues to evolve in the coming years.
