Larry Ellison Becomes Second-Richest Person
Larry Ellison Becomes Second-Richest Person
Larry Ellison Becomes Second-Richest Person
News summary

Oracle co-founder Larry Ellison has become the world's second-richest person, surpassing Amazon's Jeff Bezos with a net worth of around $206 billion, according to Forbes. This leap is largely driven by a significant rise in Oracle's stock, which has surged due to the company's strong earnings report and its pivotal role in the AI boom. Ellison's fortune has grown by 125% over the past two years, benefiting from a nearly 40% stake in Oracle and a stake in Tesla. As of now, he trails only Tesla CEO Elon Musk, who remains the richest with $250-$255 billion. Oracle's recent success includes partnerships with Amazon Web Services, Google, and Microsoft, further fueling investor confidence.

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