Oracle Chairman and CTO Larry Ellison has made a significant jump up the ranks of the world’s richest people, surpassing Jeff Bezos and Mark Zuckerberg to become the second richest person globally, behind only Tesla CEO Elon Musk.
According to Forbes’ real-time billionaires list, Ellison’s current net worth is estimated to be a staggering $258.8 billion, a figure that has risen exponentially over the past week due to a rally in Oracle’s stocks.
The 80-year-old tech mogul’s impressive fortune has been built over decades, with his company, Oracle, growing into one of the world’s largest and most successful software companies. Ellison co-founded Oracle in 1977 and has since led the company through a series of strategic acquisitions and expansions, cementing its position as a leader in the enterprise software sector.
Ellison’s rise to the second spot on the billionaires list comes as a surprise to many, given that he has been in the background for much of the past decade. However, his net worth has been steadily increasing in recent years, thanks in part to Oracle’s successful acquisition of NetSuite in 2016 and its growing presence in the cloud computing market.
The news of Ellison’s new status as the world’s second richest person has sent shockwaves through the tech and business communities, with many marveling at his impressive fortune and the rapid rise of Oracle’s stock.
Forbes’ real-time billionaires list is widely regarded as the most accurate and up-to-date snapshot of the world’s richest people, and it is updated in real-time as new data becomes available. The list takes into account the net worth of the world’s billionaires, as well as the value of their assets and liabilities.
Ellison’s rise to the second spot on the list has pushed Bezos and Zuckerberg down to third and fourth place, respectively. Bezos, the founder of Amazon, has a net worth of $203.5 billion, while Zuckerberg, the co-founder and CEO of Facebook, has a net worth of $182.6 billion.
Musk, the CEO of Tesla, remains in first place, with a net worth of $312.8 billion. His fortune has been driven by the rapid growth of Tesla’s stock, as well as his other business ventures, including SpaceX and Neuralink.
The news of Ellison’s new status as the world’s second richest person has sparked a renewed interest in Oracle and its prospects for future growth. The company has been investing heavily in its cloud computing business, and its recent acquisition of Cerner Corporation, a leading healthcare technology company, has been seen as a major coup.
Oracle’s stock has been on a tear in recent months, driven in part by the company’s strong financial results and its growing presence in the cloud computing market. The company’s revenue has been steadily increasing, and its net income has been rising at an even faster rate.
Ellison’s impressive fortune has been built over decades, and his rise to the second spot on the billionaires list is a testament to his business acumen and his ability to build and grow successful companies. As Oracle continues to grow and evolve, it will be interesting to see how Ellison’s net worth continues to change and evolve in the years to come.
In conclusion, Larry Ellison’s rise to the second spot on the world’s richest people list is a significant milestone in his long and storied career. His impressive fortune has been built over decades, and his ability to build and grow successful companies has made him one of the most successful entrepreneurs in the world. As Oracle continues to grow and evolve, it will be interesting to see how Ellison’s net worth continues to change and evolve in the years to come.
