Clouds
New York, 30°C
Air Quality:
Home EconomyLarry Ellison is now the second richest person in the world, with a fortune exceeding $250 billion

Larry Ellison is now the second richest person in the world, with a fortune exceeding $250 billion

by Akash Biswas
second richest person

Larry Ellison, the 80-year-old co-founder of technology company Oracle, has become the second richest person in the world, surpassing Jeff Bezos and Mark Zuckerberg, according to a report by Fortune.

According to the report, the reason Ellison came in second place is that his business’s share price has increased, making him $40 million richer.

Due to the growing success of the business, which provides Oracle database software and cloud computing services, Ellison’s wealth has now reached $250.9 billion, according to Forbes.

Ellison is behind Elon Musk, the CEO of Tesla and SpaceX and the richest person in the world. Musk’s net worth is $405.8 billion, according to Forbes.

The main reason for the stock price to rise is that it happened after Oracle’s earnings report. Importantly, after Ellison acquired about 41% of the company’s shares, his wealth increased by $25 billion in 24 hours and another $16 billion shortly after, helping him become the second richest person in the world.

Meanwhile, Amazon founder Jeff Bezos’ current net worth is $224.6 billion, and Meta CEO Mark Zuckerberg’s net worth is $235.6 billion, according to Forbes’ Real-Time Billionaires List, which changes constantly.

Larry Ellison

Ellison, 80, co-founded Oracle in 1977, which provides database software, cloud computing services, and enterprise software solutions. Over the decades, the company has become one of the most recognizable names in the technology world, often helping him rank among the top 10 richest people.

Also Read: The richest royal family in the world has more wealth than Elon Musk, Mark Zuckerberg, and the British royal family

Ellison, one of the richest people in the world, will surprise you because, for years, he took a base salary of just $1, relying on huge bonuses and stock options.

In addition to being a successful businessman, Ellison is skilled in various fields; for example, he is a licensed pilot and owner of military aircraft.

You may also like

Leave a Comment