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 behind Tesla CEO Elon Musk, according to Forbes’ real-time billionaires list. The 80-year-old’s current net worth is estimated to be a staggering $258.8 billion, making him one of the most successful technology moguls in the world.
Ellison’s fortune reportedly rose after Oracle’s stocks rallied over the past week, with the company’s shares increasing by around 10% during the period. This significant surge in value has propelled Ellison’s net worth to new heights, cementing his position as the second-richest person in the world.
Forbes’ real-time billionaires list, which tracks the net worth of the world’s wealthiest individuals, shows Ellison’s net worth surpassing that of Bezos, the founder of Amazon, and Zuckerberg, the CEO of Facebook. Bezos, who has held the title of the world’s richest person for several years, now finds himself in third position, with a net worth of around $255.2 billion. Zuckerberg, who has been struggling to maintain his net worth in recent months, now sits in fourth position, with a net worth of around $134.8 billion.
Ellison’s remarkable rise to the top of the billionaires list is a testament to his vision and leadership at Oracle, which he co-founded in 1977. Under his guidance, the company has grown into one of the largest and most successful technology companies in the world, with a market capitalization of over $2 trillion.
Oracle’s success can be attributed to its ability to adapt to changing market conditions and its willingness to invest in emerging technologies. In recent years, the company has made significant investments in areas such as cloud computing, artificial intelligence, and blockchain, which have helped to drive its growth and increase its value.
Ellison’s net worth has also been boosted by his significant stake in Tesla, which has seen its shares surge in recent months. As a result, his net worth has increased by around $20 billion in the past week alone, making him one of the biggest winners in the world of high finance.
Despite his incredible wealth, Ellison is known for his frugal nature and has been quoted as saying that he does not believe in accumulating wealth for its own sake. Instead, he has stated that he believes in using his wealth to make a positive impact on the world and to support causes that are close to his heart.
In conclusion, Oracle’s Larry Ellison has achieved an incredible feat by becoming the world’s second-richest person, surpassing Jeff Bezos and Mark Zuckerberg in the process. His success is a testament to his vision and leadership at Oracle, as well as his ability to adapt to changing market conditions and invest in emerging technologies. As he continues to grow his wealth and influence, it will be interesting to see how he uses his resources to make a positive impact on the world.
