Oracle Co‑Founder Larry Ellison Becomes World’s Second‑Richest Person After $40 Billion Surge


Oracle Co‑Founder Larry Ellison Becomes World’s Second‑Richest Person After $40 Billion Surge
Oracle co‑founder Larry Ellison has surged past Jeff Bezos and Mark Zuckerberg to become the world’s second‑richest individual, with a net worth reaching approximately $258.8 billion, according to Forbes.
His wealth skyrocketed by an estimated $40 billion over two days thanks to a sharp rally in Oracle’s stock—up 13% on strong Q4 earnings and another 7% mid‑week—as the company outperformed expectations on cloud and AI infrastructure demand.
The dramatic gain vaulted Ellison—who holds around 41% of Oracle and serves as CTO and executive chairman—past Bezos (about $227 billion) and Zuckerberg ($239 billion). He now ranks just behind Elon Musk, whose wealth stands above $400 billion.
- Net Worth Post-Surge: ~$258.8 billion.
- One-Day Gain: +$26 billion on June 12 alone.
- Drivers: Strong Q4 earnings—$15.9 billion in revenue, $1.70 adjusted EPS; bullish AI cloud outlook.
- Ranking Shift: Bezos drops to 4th; Zuckerberg now 3rd; Musk remains at the top
Oracle’s stock rebound, fueled by increased enterprise demand for AI and cloud solutions, highlights Ellison's continued influence and strategic vision decades after founding the company in 1977. The surge surpasses the GDP of many nations and marks one of the largest wealth increases in recent history.