Oracle Chairman and CTO Larry Ellison has achieved a remarkable feat, surpassing tech moguls 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 net worth is estimated to be $258.8 billion, making him only behind Tesla CEO Elon Musk, who remains at the top of the list.
Oracle’s stocks have been on a roll over the past week, and Ellison’s fortune has reportedly risen significantly as a result. This sudden surge has propelled him past Bezos, the founder of Amazon, and Zuckerberg, the co-founder and CEO of Facebook, to take the number two spot.
Ellison’s remarkable rise to the top is a testament to his decades-long tenure at Oracle, where he has played a crucial role in shaping the company’s success. As the company’s co-founder, chairman, and CTO, Ellison has been instrumental in driving Oracle’s growth and innovation, particularly in the areas of cloud computing, artificial intelligence, and cybersecurity.
Oracle’s recent stock rally is attributed to a combination of factors, including the company’s strong financial performance, its expanding presence in the cloud market, and the growing demand for its enterprise software solutions. The company’s revenue has been steadily increasing over the years, and its cloud business has been a significant contributor to this growth.
In addition to his success at Oracle, Ellison has also made significant investments in other companies and ventures. He has invested in a number of startups, including several in the areas of artificial intelligence, blockchain, and fintech. He has also made significant donations to various charitable causes, including education and healthcare initiatives.
Bezos, who has held the number two spot on the Forbes billionaires list for several years, has seen his net worth drop significantly due to his divorce and the decline of Amazon’s stock price. Zuckerberg, on the other hand, has seen his net worth fluctuate over the years, but has remained one of the richest people in the world.
It’s worth noting that the ranking of the world’s richest people can vary depending on the source and methodology used. However, Forbes’ real-time billionaires list is widely regarded as one of the most authoritative and reliable sources for tracking the wealth of the world’s wealthiest individuals.
In conclusion, Oracle’s Larry Ellison has achieved a remarkable feat by becoming the world’s second richest person, surpassing Bezos and Zuckerberg. His success is a testament to his vision, leadership, and entrepreneurial spirit, and his company’s continued growth and innovation in the tech industry.
