Oracle Chairman and CTO Larry Ellison has made a significant jump in the global wealth rankings, surpassing 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, a figure that has risen significantly over the past week. Oracle’s stocks have rallied in recent days, contributing to Ellison’s fortune increase.
Ellison’s ascension to the second spot on the list is a testament to his long-standing success in the technology industry. As the co-founder and CTO of Oracle, he has played a crucial role in the company’s growth and development over the years. Under his leadership, Oracle has become one of the largest and most successful technology companies in the world.
Ellison’s net worth has been steadily increasing over the years, driven by Oracle’s continued success and his own shrewd investments. He has also made savvy moves in the real estate market, owning several high-end properties around the world, including a $300 million Hawaiian estate.
Bezos, the founder of Amazon, has held the spot as the world’s richest person for several years, but Ellison’s rapid rise has seen him leapfrog the billionaire to claim the second spot. Zuckerberg, the co-founder and CEO of Facebook, has also seen his net worth decline in recent months, following a series of setbacks for the social media giant.
The change in the ranking is a significant one, as it marks the first time that Ellison has held the second spot on the list. He has long been one of the richest people in the world, but this marks a new milestone in his career.
Ellison’s success is not limited to his work at Oracle. He has also been a savvy investor, making prescient bets on companies such as Google and Netflix. He has also been an active philanthropist, donating millions to various causes over the years.
The rise of Ellison to the second spot on the list is a testament to his enduring success in the technology industry. Despite being in his 80s, he remains an influential figure in the industry, and his continued success is a reminder of his lasting impact on the world of technology.
It is worth noting that Elon Musk, who has held the top spot on the list for some time, is still the richest person in the world, with a net worth estimated to be over $300 billion. However, Ellison’s rise to the second spot is a significant achievement, and marks a new milestone in his career.
In conclusion, Larry Ellison’s ascension to the second spot on the list of the world’s richest people is a testament to his enduring success in the technology industry. His net worth is estimated to be over $258.8 billion, making him one of the richest people in the world. Ellison’s rise is a significant achievement, and marks a new milestone in his career.
