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 has been estimated to be a staggering $258.8 billion, a figure that has been fueled by the recent rally of Oracle’s stocks.
The 80-year-old technology mogul has made a significant leap up the billionaire’s list, surpassing the likes of Bezos, the founder of Amazon, and Zuckerberg, the CEO of Facebook, to take the coveted second spot. The only person ahead of Ellison on the list is Tesla CEO Elon Musk, who currently holds the top spot with a net worth of over $300 billion.
Oracle’s stocks have been on a tear over the past week, with the company’s shares rising by over 10%. This surge in value has contributed significantly to Ellison’s newfound wealth, pushing his net worth above that of Bezos and Zuckerberg.
Ellison’s rise to the second spot on the billionaire’s 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 pivotal role in the company’s growth and development since its inception in 1977. Under his leadership, Oracle has become one of the largest and most successful technology companies in the world, with a market capitalization of over $2 trillion.
Despite his advanced age, Ellison remains an influential figure in the tech industry, known for his innovative approach to business and his ability to adapt to changing market trends. His success is a testament to his dedication and perseverance, as well as his ability to stay ahead of the curve in a rapidly evolving industry.
Bezos and Zuckerberg, who were previously among the top three richest people in the world, have seen their net worth decline in recent weeks due to a combination of factors, including the ongoing COVID-19 pandemic and the decline of their respective companies’ stocks.
Bezos, who has faced criticism in recent months over his handling of Amazon’s warehouse workers during the pandemic, has seen his net worth decline by over 10% in the past quarter. His net worth is currently estimated to be around $210 billion, a significant drop from its peak of over $300 billion just a few months ago.
Zuckerberg, who has faced criticism over his company’s handling of user data and its impact on society, has also seen his net worth decline in recent weeks. His net worth is currently estimated to be around $120 billion, a decline of over 20% from its peak of over $150 billion.
While Ellison’s rise to the second spot on the billionaire’s list is a significant achievement, it is worth noting that his net worth is still significantly lower than that of Musk, who has held the top spot for several years. However, Ellison’s success is a testament to his enduring influence in the tech industry, and his ability to adapt to changing market trends and stay ahead of the curve.
In conclusion, Larry Ellison’s rise to the second spot on the billionaire’s list is a significant achievement, and a testament to his enduring influence in the tech industry. While Bezos and Zuckerberg may have seen their net worth decline in recent weeks, Ellison’s success is a reminder that age is just a number, and that success is within reach for anyone who is willing to work hard and adapt to changing market trends.
