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 staggering $258.8 billion, putting him just behind 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, a significant development that has sent shockwaves through the business and financial communities. The Oracle co-founder and CTO has long been known for his shrewd business acumen and ability to navigate the ever-changing landscape of the technology industry.
Oracle’s recent stock surge is attributed to several factors, including the company’s strong financial performance and its ability to adapt to the growing trend of cloud computing. The company’s cloud-based solutions have been in high demand, driving up its stock price and Ellison’s net worth.
Bezos, the founder of Amazon, has held the second spot on the Forbes’ billionaires list for several years, with a net worth of over $200 billion. Zuckerberg, the CEO and co-founder of Facebook, has also been a fixture on the list, with a net worth of over $150 billion.
Ellison’s rise to the second spot on the list is a testament to his enduring influence and success in the technology industry. Despite being 80 years old, Ellison remains a dominant figure in the business world, with a net worth that is second only to Musk.
The news of Ellison’s rise to the second spot on the list comes as a surprise to many, given his relatively low profile compared to Bezos and Zuckerberg. However, Ellison’s long history of success and his ability to adapt to changing market conditions have made him a formidable player in the business world.
Oracle’s success can be attributed to its early adoption of cloud computing, which has enabled the company to stay ahead of the curve and capitalize on the growing trend. The company’s cloud-based solutions have been in high demand, driving up its stock price and Ellison’s net worth.
In addition to its cloud-based solutions, Oracle has also made significant investments in artificial intelligence and machine learning, which have enabled the company to stay ahead of the curve and capitalize on emerging trends.
Ellison’s rise to the second spot on the list is a testament to his enduring influence and success in the technology industry. Despite being 80 years old, Ellison remains a dominant figure in the business world, with a net worth that is second only to Musk.
The news of Ellison’s rise to the second spot on the list comes as a surprise to many, given his relatively low profile compared to Bezos and Zuckerberg. However, Ellison’s long history of success and his ability to adapt to changing market conditions have made him a formidable player in the business world.
As the technology industry continues to evolve and change, it will be interesting to see how Ellison and Oracle adapt and respond to the growing demands of the market. With a net worth of over $250 billion, Ellison is well-positioned to continue his success and remain a dominant force in the business world for years to come.
