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. Ellison’s net worth is estimated to be a staggering $258.8 billion, making him the second richest person globally, behind only Tesla CEO Elon Musk.
Ellison’s fortune reportedly rose after Oracle’s stocks rallied over the past week, resulting in a significant increase in his net worth. Oracle’s stock has been on a steady rise, driven by the company’s strong performance in the cloud computing and enterprise software markets.
The 80-year-old Ellison has been a dominant figure in the technology industry for decades, co-founding Oracle in 1977. Under his leadership, the company has grown to become one of the largest and most successful technology companies in the world. Ellison’s success can be attributed to his innovative approach to business and his ability to adapt to changing market trends.
Ellison’s rise to the second spot on the billionaires list is a testament to his business acumen and Oracle’s continued success. He has been a shrewd investor and has made several strategic moves to position Oracle for long-term growth. His focus on cloud computing and artificial intelligence has been particularly successful, driving the company’s revenue growth and profitability.
In contrast, Bezos and Zuckerberg, who have long been among the top five richest people in the world, have seen their net worth decline in recent months. Bezos’ net worth has been impacted by the decline of Amazon’s stock price, while Zuckerberg’s net worth has been affected by the decline of Facebook’s stock price.
Musk, who remains at the top of the billionaires list, has a net worth of over $300 billion. His net worth has been driven by the success of Tesla, which has become one of the most successful and valuable companies in the world. Musk’s leadership and vision have been instrumental in driving Tesla’s growth and success.
Ellison’s rise to the second spot on the billionaires list is not without controversy. Some have criticized him for his business practices, including his aggressive tactics in the technology industry and his opposition to regulation. Others have criticized him for his personal wealth and his lack of philanthropic efforts.
Despite these criticisms, Ellison remains one of the most successful and respected figures in the technology industry. His success is a testament to his business acumen and his ability to adapt to changing market trends. His continued success is likely to have a significant impact on the technology industry and beyond.
In conclusion, Oracle’s Larry Ellison has overtaken Bezos and Zuckerberg to become the world’s second richest person, according to Forbes’ real-time billionaires list. Ellison’s net worth is estimated to be $258.8 billion, making him the second richest person globally, behind only Elon Musk. His success is a testament to his business acumen and Oracle’s continued success in the cloud computing and enterprise software markets.
