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 a staggering $258.8 billion, trailing only behind Tesla CEO Elon Musk.
Ellison’s fortune reportedly rose after Oracle’s stocks rallied over the past week. The surge in the company’s stock price has contributed significantly to his net worth, pushing him past Bezos and Zuckerberg to the second spot. This remarkable achievement marks a significant milestone in Ellison’s illustrious career, which spans over four decades.
Forbes’ real-time billionaires list is widely regarded as the most accurate and reliable source for tracking the net worth of the world’s richest individuals. The list is updated continuously to reflect changes in the stock market, business deals, and other financial transactions that impact the net worth of the world’s billionaires.
Ellison’s ascent to the second spot on the list is a testament to his shrewd business acumen and Oracle’s impressive performance in recent years. Under his leadership, Oracle has expanded its operations into new markets, diversified its revenue streams, and made strategic acquisitions to enhance its position in the industry.
Bezos, the founder of Amazon, had previously held the second spot on the list with a net worth of $207.6 billion. Zuckerberg, the co-founder and CEO of Facebook, came in third with a net worth of $164.3 billion. Both Bezos and Zuckerberg have been among the top three richest individuals in the world for several years, but Ellison’s recent surge has pushed them down the list.
Musk, who has held the top spot on the list for several months, has a net worth of $284.3 billion. His company, Tesla, has been a major driver of his wealth, with the electric vehicle manufacturer’s stock price soaring in recent years.
Ellison’s rise to the second spot on the list is a significant achievement, not just for him personally but also for Oracle. The company has been a major player in the technology industry for decades, providing a wide range of software and services to businesses around the world.
Oracle’s success can be attributed to its ability to adapt to changing market trends and technological advancements. The company has made significant investments in artificial intelligence, cloud computing, and other emerging technologies, which has enabled it to stay ahead of the competition.
In conclusion, Larry Ellison’s ascent to the second spot on Forbes’ real-time billionaires list is a remarkable achievement that reflects his business acumen and Oracle’s impressive performance. As the world’s second richest person, Ellison joins an elite group of billionaires who have built their fortunes through hard work, smart investing, and strategic decision-making.
