See every side of every news story
Published loading...Updated

There's a New Second-Richest Person in the World

UNITED STATES, JUL 15 – Larry Ellison's net worth rose $4.7 billion in one day as Oracle's AI-driven stock surged, placing him just ahead of Mark Zuckerberg with $251 billion, Bloomberg reports.

  • On July 16, 2025, Bloomberg Billionaires Index showed Larry Ellison surpassed Mark Zuckerberg, reaching a net worth of US$251.2 billion.
  • Following ChatGPT’s launch, shares have surged 90% since April 2025, Bloomberg reported, while Oracle’s stock jumped 5.7% on July 15 when US export rules eased.
  • Yesterday, Oracle announced a $3 billion AI infrastructure investment in Germany and the Netherlands, and secured tens of billions in cloud and data centre deals with OpenAI.
  • Following Ellison’s leap, Elon Musk remains the richest with US$357.8 billion, while Zuckerberg fell to third on the Bloomberg index.
  • On Tuesday, Ellison said he will focus his Giving Pledge resources on the 2023-founded Ellison Institute of Technology, a center for health, agriculture, clean energy and AI.
Insights by Ground AI
Does this summary seem wrong?

35 Articles

Lean Right

Larry Ellison overtakes Mark Zuckerberg in the Bloomberg ranking of the super-rich. The 80-year-old is benefiting from the rapid increase in Oracle shares. The Meta boss is looking for something.

KDFWKDFW
+4 Reposted by 4 other sources
Center

There's a new second-richest person in the world

Larry Ellison, co-founder and chief technology officer for Oracle, is now the second-richest person on Earth.

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 41% of the sources are Center
41% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Bloomberg broke the news in United States on Tuesday, July 15, 2025.
Sources are mostly out of (0)