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Mint
16 hours ago
- Business
- Mint
Larry Ellison's net worth: Here's how Oracle co-founder became the second-richest man with $258.8 billion in June 2025
US-based big tech multinational firm Oracle's Co-founder and Chief Technology Officer (CTO), Larry Ellison's net worth, witnessed a massive multi-billion-dollar surge last week as the 80-year-old's value hit $258.8 billion in June 2025. Data collected from the Forbes Billionaire List showed Ellison replaced Meta CEO Mark Zuckerberg to become the second-richest billionaire in the world. Larry Ellison's net worth rose by $66.8 billion to hit its level of $258.8 billion last week, compared to its $192 billion levels mentioned in the World's Billionaires List for 2025. According to Bloomberg data, Larry Ellison holds more than 40 per cent of the tech company along with a stake in Elon Musk's Tesla, a sailing team, a tennis event, and real estate, including the Lanai island in Hawaii. However, according to Bloomberg's Billionaire Index, Ellison is the third richest billionaire, with the last change marking a $13.9 billion increase. The data showed that Larry Ellison's net worth was $234 billion, trailing behind Elon Musk and Mark Zuckerberg. The billionaire CTO's net worth jumped after the company published an earnings report that beat Wall Street analysts' expectations. According to the official fourth quarter 2024-25 fiscal year results, the big tech firm's total quarterly revenues witnessed an 11 per cent year-on-year (YoY) jump to $15.9 billion, with major support from its cloud services and license support revenues, which recorded a 14 per cent jump in constant currency at $11.7 billion. The company's net income (GAAP) was $3.4 billion while the earnings per share were at $1.19. 'FY25 was a very good year — but we believe FY26 will be even better as our revenue growth rates will be dramatically higher,' said Oracle CEO, Safra Catz, in the filing. 'MultiCloud database revenue from Amazon, Google and Azure grew 115% from Q3 to Q4,' said Oracle Chairman and CTO, Larry Ellison, according to the official release. Oracle shares closed nearly 7.6 per cent higher at $215.22 after Friday's US stock market session, compared to $199.86 at the previous market close. The stock earlier jumped nearly 14 per cent on Thursday's market open after the company announced better-than-expected results for its fourth quarter on 11 June 2025. Oracle Corp. shares have given stock market investors more than 295 per cent returns on their investment in the last five years and over 52 per cent in the last one-year period. On a year-to-date (YTD) basis, the shares have gained 29.63 per cent in 2025 and are trading 23.26 per cent higher in the last five stock market sessions. The shares hit their 52-week high levels at $216.60, while the 52-week low level was at ₹ 118.86, according to the data collected from Marketwatch. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Hindustan Times
21-04-2025
- Entertainment
- Hindustan Times
World's richest TV host has $3 billion net worth, owns a TV channel, is richer than Tom Cruise, Dwayne Johnson combined
Talk show hosts have come to be among the most influential people in America in the last 50 years. The influence and reach of these primetime talk shows are so high that the faces leading them end up building empires. The richest and most prominent of them all can be counted among the wealthiest people in America, despite coming from a very humble background. (Also read: World's richest musician has $2.5 billion net worth, sold 140 million records; it's not Taylor Swift, Rihanna, Beyonce) No prizes for guessing that the world's richest talk show host is Oprah Winfrey. The journalist-turned-actor-turned-talk show icon has amassed a net worth of $3 billion, according to Forbes. The new 2025 Forbes Billionaire List puts Oprah at the 1219th spot in the list of the richest people in the world, and among the top 50 in the world of media and entertainment. Interestingly, no other primetime talk show in the world has a net worth even one-sixth that of Oprah, which signifies just how successful she has been in leveraging her successful career to build a media empire. Oprah's wealth even dwarfs some of the most successful actors in the world. The net worth of the three richest mainstream actors in the world - Tom Cruise, Dwayne Johnson and Shah Rukh Khan - is around $2.3 billion, much less than what Oprah is worth alone. Oprah was a TV news anchor from the mid-70s to the mid-80s till she moved Chicago and got her own primetime show. Her appearance in Steven Spielberg's The Color Purple in 1985 raised her stature, earning her an Oscar nomination. The following year, The Oprah Winfrey Show went on air and continued to broadcast till 2011. From the late-80s till it was pulled off the air, the show topped the TV ratings consistently. Oprah soon became an executive producer on the show, reaping profits herself. Forbes notes that "reinvested, the profits from her show, plus profits from films like The Color Purple, Beloved and Selma (which her Harpo Productions co-produced) add up to an estimated more than $2.5 billion." In addition, Oprah also started her own TV channel and invested in other businesses. The host has continued to be on TV in various single-episode or short-run programmes since her show ended. In addition, Forbes adds that "her sprawling real estate portfolio includes homes in California and over a dozen properties, including 2,100 acres of land in Hawaii."
