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, propelling him up the ranks of the world’s wealthiest individuals. This remarkable achievement marks a significant milestone in the tech mogul’s illustrious career, which spans over four decades.
Forbes’ real-time billionaires list is widely regarded as a reliable source for tracking the net worth of the world’s wealthiest individuals. The list is updated in real-time, reflecting the latest market fluctuations and changes in the value of the assets owned by these billionaires.
Ellison’s ascension to the second spot on the list comes as a surprise, given the dominance of tech giants like Amazon, Facebook, and Google in recent years. However, Oracle’s steady growth and Ellison’s astute business acumen have enabled the company to maintain its position as a leader in the software industry.
Oracle’s success can be attributed to its diverse range of products and services, including enterprise software, cloud infrastructure, and artificial intelligence. The company has also made strategic investments in emerging technologies, such as blockchain and the Internet of Things (IoT), which have contributed to its sustained growth.
Ellison’s net worth has been on a steady rise over the past few years, thanks to Oracle’s expanding portfolio and his own shrewd investment decisions. In 2020, he was ranked as the 6th richest person in the world, with a net worth of $127.3 billion. Fast forward to today, and he has more than doubled his net worth, surpassing some of the most successful entrepreneurs of our time.
Bezos, the founder of Amazon, currently ranks as the 3rd richest person in the world, with a net worth of $217.9 billion. Zuckerberg, the CEO of Facebook, ranks 5th, with a net worth of $143.4 billion. While both Bezos and Zuckerberg have impressive net worths, Ellison’s sudden rise to the second spot is a testament to his enduring influence in the tech industry.
Ellison’s achievement is not only a reflection of his business acumen but also a testament to his longevity in the industry. At 80 years old, he is one of the oldest billionaires on the list, and his ability to adapt and innovate has enabled him to stay relevant in an ever-changing tech landscape.
In conclusion, Larry Ellison’s rise to the second richest person in the world is a remarkable achievement that highlights his enduring influence in the tech industry. His ability to navigate the ever-changing landscape of technology and adapt to new trends has enabled him to build a lasting legacy. As Oracle continues to grow and evolve, it will be interesting to see how Ellison’s net worth continues to fluctuate in the years to come.
