Oracle's Larry Ellison becomes 2nd Richest in the world after $26B fortune surge, His wealth is more than GDP of many countries
Larry Ellison
, co-founder of Oracle, saw a massive growth of $26 billion in his net worth on Thursday (June 12) following a rise in shares of Oracle. The tech titan has now become the second richest person globally with a net worth of $243 billion, just behind tech billionaire
Elon Musk
, who has a net worth of $407 billion. The steep rise in his net worth came following a rise in shares of Oracle.
The massive gain on Thursday took Ellison past Amazon chairman Jeff Bezos ($228 billion net worth) and Meta CEO Mark Zuckerberg ($239 billion) for the second spot on Forbes' real-time billionaires ranking.
According to Forbes, the post-earnings rally sent Oracle stock to a record closing ticker of $200. Shares of the tech company plunged more than 13% following a Wednesday afternoon earnings report that revealed stronger profits ($1.70 adjusted earnings per share) and sales ($15.9 billion revenue) than Wall Street expected for the company's financial quarter ending last month.
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Besides other billionaires on the list, Ellison has garnered more wealth than the GDP of many countries, including Hungary, Qatar, Ukraine, and Kuwait.
Here are countries with GDP less than Larry Ellison's net worth as per IMF 2025 forecasts (in billion US dollars): Hungary ($237 bn), Qatar ($222 bn), Ukraine ($205 bn), Nigeria ($188 bn), Morocco ($165 bn), and Kuwait ($153 bn), among many others.
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The 80-year-old tech titan Ellison has also served on Tesla's board of directors from 2018 to 2022. According to Forbes, he bought a Hawaiian island for $300 million and even contributed to a record sum paid to bring the nation's top quarterback recruit to the University of Michigan's football team, the alma mater of his 33-year-old wife, Kere Zhu.
He also appeared alongside President Donald Trump in January to unveil Stargate, the joint venture between Oracle, SoftBank, and OpenAI to supercharge the U.S.' AI push.
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