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, just behind Tesla CEO Elon Musk, who remains the richest person in the world.
Ellison’s fortune reportedly rose after Oracle’s stocks rallied over the past week, with the company’s shares surging by over 10%. This sudden surge in value has propelled Ellison up the ranks, allowing him to overtake Bezos and Zuckerberg, who have held the top two spots for several years.
Bezos, the founder of Amazon, currently has a net worth of $204 billion, while Zuckerberg, the CEO of Facebook, has a net worth of $193 billion. Ellison’s rise to the second spot is a testament to his shrewd business acumen and Oracle’s continued success in the technology sector.
Oracle, one of the largest and most successful software companies in the world, has been a major player in the tech industry for over four decades. Under Ellison’s leadership, the company has grown exponentially, with a market capitalization of over $2 trillion. Oracle’s success can be attributed to its wide range of products and services, including its flagship database management system, as well as its cloud computing offerings.
Ellison’s net worth has been steadily increasing over the years, thanks to his significant stake in Oracle. He owns approximately 40% of the company’s shares, making him one of the largest shareholders. His net worth has increased by over $100 billion in the past year alone, a testament to the company’s continued success.
In addition to his stake in Oracle, Ellison also owns a number of other assets, including a luxury yacht, a private island, and a collection of high-end real estate properties. He is also a major art collector, with a collection that includes works by some of the world’s most famous artists.
Ellison’s rise to the second spot on the billionaires list is a significant milestone, not only for him but also for the technology industry as a whole. His success is a testament to the power of innovation and entrepreneurship, and serves as a reminder that even the most successful individuals can continue to grow and thrive in their careers.
In conclusion, Larry Ellison’s rise to the second spot on the billionaires list is a remarkable achievement, and a testament to his shrewd business acumen and Oracle’s continued success. His net worth is estimated to be $258.8 billion, making him one of the richest individuals in the world. As the tech industry continues to evolve, it will be interesting to see how Ellison’s net worth changes in the future.
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