Who Is Larry Ellison? Oracle Co-Founder Becomes World’s Second Richest Person

Larry Ellison, the co-founder of Oracle, is now the second-richest person in the world, according to the latest update from the Forbes Billionaires List.

Ellison’s net worth has jumped to $258.8 billion after a big increase in Oracle’s stock price. This means he is now richer than both Jeff Bezos, the founder of Amazon, and Mark Zuckerberg, the CEO of Meta.

Bezos now ranks fourth with $227 billion, while Zuckerberg holds third place with $235.7 billion.

At the top of the list remains Elon Musk, CEO of Tesla and SpaceX, with an estimated fortune of $410.8 billion.

Who is Larry Ellison?

Larry Ellison is one of the most well-known tech billionaires in the world. He co-founded Oracle Corporation, one of the largest software and cloud computing companies globally. Oracle is widely used by banks, governments, and companies around the world for managing data.

Ellison started Oracle in 1977. Over the decades, the company became a tech giant. His business skills and smart investments have made him one of the richest people in history.

How Did Ellison Overtake Bezos and Zuckerberg?

The big jump in Ellison’s wealth happened after Oracle’s shares rose sharply. Investors were happy with Oracle’s strong performance in the cloud computing business. This made Ellison’s net worth go up fast.

Meanwhile, Jeff Bezos’ wealth did not grow as much, and Mark Zuckerberg’s fortune also remained stable compared to Ellison’s sharp rise.

Elon Musk Still No. 1

Elon Musk is still the world’s richest person. His net worth rose to $411.4 billion earlier this week. The increase came after he publicly apologized to Donald Trump following a disagreement over a bill Musk called “The Big Ugly Bill.”

The apology came after a phone call between Musk and Trump, calming tensions after days of online arguments. Musk had also resigned from a government role during that time.

Other Billionaires in the Top 5

• Warren Buffett is now fifth, with $152.1 billion.

• Larry Page, co-founder of Google, is sixth, with $144.7 billion.