Oracle co-founder Larry Ellison has become the world’s second-richest person, overtaking tech giants Mark Zuckerberg and Jeff Bezos, following a sharp rise in Oracle’s share price this week.
According to the Forbes Real-Time Billionaires List, Ellison’s net worth surged to an estimated $243 billion after Oracle reported stronger-than-expected quarterly earnings. The company’s stock jumped nearly 14% in a single day, marking one of the biggest one-day gains in Oracle’s history. The rally added approximately $26 billion to Ellison’s fortune, placing him just behind Elon Musk, who continues to top the global wealth chart with over $407 billion.
Ellison now ranks ahead of Meta CEO Mark Zuckerberg, whose estimated net worth stands at $239 billion, and Amazon founder Jeff Bezos, valued at around $227 billion.
Strong Earnings, AI Growth Behind Oracle Surge
The jump in Oracle’s stock was fueled by a bullish outlook on its AI-driven cloud services and robust performance in its fiscal fourth-quarter results. The company reported revenues of $15.9 billion, surpassing analyst expectations and highlighting growing demand for AI infrastructure and enterprise solutions.
Ellison, 80, remains an active force at Oracle, serving as its Chief Technology Officer and chairman. His wealth is largely tied to his significant stake in the company, which he co-founded in 1977.
Tech Titans Shift in Global Rankings
The reshuffling of the billionaire rankings reflects shifting dynamics in the tech world, where AI investment and enterprise technology are driving a new wave of growth. While Bezos and Zuckerberg have seen steady gains through their respective companies, Oracle’s rapid momentum has given Ellison a sharp edge.
The current top five billionaires globally are:
- Elon Musk – $407 billion
- Larry Ellison – $243 billion
- Mark Zuckerberg – $239 billion
- Jeff Bezos – $227 billion
- Warren Buffett – $152 billion
With continued investor interest in AI and enterprise cloud computing, Oracle’s performance may keep Ellison firmly in the top ranks in the months ahead.
