Oracle’s Larry Ellison Overtakes Bezos & Zuckerberg, Becomes World’s 2nd Richest Person
The tech world has witnessed a significant shift in the rankings of the world’s richest individuals, with Oracle Chairman and CTO Larry Ellison making a remarkable jump to become the second-richest person globally. According to Forbes’ real-time billionaires list, Ellison has surpassed billionaires Jeff Bezos and Mark Zuckerberg, with an estimated net worth of $258.8 billion.
The 80-year-old entrepreneur’s fortune has reportedly risen significantly over the past week, following a rally in Oracle’s stocks. This remarkable jump has propelled Ellison to the second spot, just behind Tesla CEO Elon Musk, who remains the richest person in the world.
Oracle’s stocks have been on a roll lately, and the company’s financial performance has been a significant contributor to Ellison’s growing wealth. The software giant’s stock price has surged by over 10% in the past week, resulting in a substantial increase in Ellison’s net worth.
Ellison’s net worth has surpassed that of Bezos, the founder of Amazon, and Zuckerberg, the CEO of Facebook. Bezos, who has been the richest person in the world for several years, now ranks third with an estimated net worth of $257.2 billion. Zuckerberg, the CEO of Facebook, ranks fourth with an estimated net worth of $124.8 billion.
The rise of Oracle’s stock has been attributed to several factors, including the company’s strong financial performance and its increasing focus on cloud computing. Oracle has been investing heavily in cloud technology, and its efforts have paid off, with the company reporting strong revenue growth in recent quarters.
Ellison’s success is a testament to his business acumen and his ability to adapt to changing market trends. He co-founded Oracle in 1977 and has since led the company to become one of the largest and most successful technology companies in the world.
In addition to his business success, Ellison is also known for his philanthropic efforts. He has donated millions of dollars to various causes, including education and healthcare. He has also been a long-time supporter of the University of California, Berkeley, and has donated millions of dollars to the institution.
Ellison’s rise to the second spot on the Forbes’ billionaires list is a significant milestone in his career. He has been a dominant force in the technology industry for decades, and his success is a testament to his hard work and dedication.
The shift in the rankings of the world’s richest individuals is a reminder of the ever-changing nature of the business landscape. It highlights the importance of adaptability, innovation, and strategic decision-making in achieving success in the competitive world of business.
In conclusion, Oracle’s Larry Ellison’s rise to the second spot on the Forbes’ billionaires list is a remarkable achievement, and a testament to his business acumen and philanthropic efforts. His success is a reminder of the importance of hard work, dedication, and strategic decision-making in achieving success in the competitive world of business.
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