Larry Ellison, co-founder of Oracle, briefly eclipsed Amazon’s Jeff Bezos to become the world’s second richest person, with a net worth of $203.9 billion, according to Forbes. Despite dropping back to third place behind Bezos, whose worth is valued at $206.4 billion, Ellison’s fortune has skyrocketed.
Ellison entered 2023 as the eighth richest person, but his fortune has more than doubled in the last two years, rising from $80 billion in October 2022 to $181 billion as of Monday. Due to the performance of Oracle’s stock on Tuesday, its net worth increased by $22.9 billion.
80-year-old Ellison holds nearly 40% of Oracle, the software company that he established in 1977. The firm has lately capitalized on the benefits of artificial intelligence and cloud services. Its shares have surged by more than 22.5% over this month. Oracle’s recent earnings beat expectations, and the company boosted its yearly estimate.
He also holds 15 million shares in Tesla, which he bought even before joining the board in 2018. He didn’t sell even after his resignation in 2022.
However, Elon Musk, with a net worth of $255 billion, still stands above Ellison.
