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Larry Ellison Could Now Overtake Elon Musk and Rise to the Richest Person in the World
Larry Ellison's net worth surged by over $100 billion after Oracle's stock jumped more than 40% following a major revenue forecast driven by AI cloud infrastructure demand, Bloomberg reported.
- Larry Ellison surpassed Elon Musk to become the world's richest person, with a net worth of $393 billion compared to Musk's $385 billion, according to Bloomberg.
- Ellison's wealth increased by $101 billion after Oracle's stock surged by over 41% due to strong earnings and demand for cloud services.
- Oracle's CEO announced an increase in revenue expectations, contributing to the stock's rise and Ellison's wealth growth.
- Musk was previously the richest person for nearly a year before Ellison's rise.
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Larry Ellison Overtakes Elon Musk as World’s Richest Person
Oracle founder Larry Ellison giving a keynote speech in September 2012. Ellison has recently surpassed Elon Musk as the richest person in the world. Credit: Oracle PR – CC BY 2.0 via Flickr. Oracle founder Larry Ellison has just overtaken Elon Musk as the richest person in the world. Ellison’s wealth soared by USD $101 billion to USD $393 billion after Oracle’s stunning earnings reports were released on Tuesday evening. According to Bloomberg, M…
Larry Ellison, a Oracle shareholder, became for the first time the richest man in the world, putting an end to the reign of Elon Musk, who held the first place in nearly a year.
·Paris, France
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Coverage Details
Total News Sources191
Leaning Left37Leaning Right26Center49Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 33%
C 44%
R 23%
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