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 $258.8 billion, making him the richest person in the world after Tesla CEO Elon Musk.
Ellison’s fortune reportedly rose after Oracle’s stocks rallied over the past week, pushing his net worth to new heights. The Oracle co-founder has had a remarkable career, transforming the company into one of the world’s largest and most successful technology corporations. His net worth has been steadily increasing over the years, and this latest surge has propelled him to a new level of wealth.
Bezos, the founder of Amazon, had previously held the second spot on the Forbes’ list with a net worth of $257.7 billion. Zuckerberg, the co-founder and CEO of Facebook, had a net worth of $225.4 billion. With Ellison’s ascent, Bezos and Zuckerberg have been pushed down the list, with Bezos now ranked third and Zuckerberg fourth.
Oracle’s stock has been on a tear in recent weeks, driven by the company’s strong financial performance and its growing cloud computing business. The company’s shares have risen by over 10% in the past week alone, adding billions to Ellison’s net worth.
Ellison’s rise to the second spot on the Forbes’ list is a testament to his business acumen and his ability to navigate the ever-changing technology landscape. He co-founded Oracle in 1977 with Bob Miner and Ed Oates, and has since grown the company into a global leader in enterprise software.
Under Ellison’s leadership, Oracle has made several strategic acquisitions, including the purchase of NetSuite in 2016 and the acquisition of Cerner in 2020. The company has also invested heavily in cloud computing, artificial intelligence, and machine learning, positioning itself for long-term growth and success.
Ellison’s net worth is not the only impressive aspect of his career. He has also been recognized for his philanthropic efforts, particularly in the area of education. He has donated millions to various charitable organizations, including the Oracle Education Foundation, which supports educational initiatives and programs.
In addition to his business and philanthropic endeavors, Ellison is also known for his love of sailing and his extensive yacht collection. He has competed in several prestigious sailing events, including the America’s Cup, and has owned several luxury yachts over the years.
Ellison’s rise to the second spot on the Forbes’ list is a significant milestone in his career, and marks a new chapter in his life as one of the world’s wealthiest and most successful individuals. As he continues to navigate the ever-changing technology landscape, it will be interesting to see how his net worth and influence continue to grow.
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