New Delhi, June 15 (IANS) Oracle Corporation’s Co-founder and Chairman, Larry Ellison, has now become the world’s second richest person, overtaking Meta CEO Mark Zuckerberg and Amazon founder Jeff Bezos.
This big jump in his ranking comes after a strong earnings report from Oracle, which pushed the company’s share price higher.
According to Forbes’ real-time billionaire rankings updated on June 15, Ellison’s net worth rose to $258.8 billion, putting him just behind Tesla CEO Elon Musk, who remains the world’s richest person with a net worth of $410.8 billion.
Just two months ago, in Forbes’ annual billionaire list released in April 2025, Ellison was in the fourth spot with a net worth of $192 billion.
This means he has gained around $66.8 billion in only two months, mainly due to the rise in Oracle’s stock.
The company’s stock saw a big jump on June 13 after it reported strong financial results.
Oracle posted earnings of $1.70 per share on revenue of $15.9 billion. The shares closed at $200 each.
Oracle has recently played a key role in the United States government’s push for AI development under President Donald Trump’s Project Stargate, alongside OpenAI and SoftBank.
Ellison has been vocal about Oracle’s AI vision, even suggesting that AI will bring a new era of monitoring, where technology will help improve public behaviour through constant recording and reporting.
At 80, Ellison still serves as Oracle’s Chairman and Chief Technology Officer. He founded the company in 1977 and served as its CEO until 2014.
Under his leadership, Oracle has grown through several major acquisitions, including the $28.3 billion purchase of health tech company Cerner in 2021.
With this sharp rise in wealth, Ellison has pushed Zuckerberg, 43, to the third spot with a net worth of $235.7 billion.
Bezos, 61, now ranks fourth with $226.8 billion. He is currently in the news due to his upcoming marriage to Lauren Sanchez.
Legendary investor Warren Buffett, now retired at 94, rounds off the top five richest list with $152.1 billion.
–IANS
pk/vd
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by BhaskarLive.in and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of BhaskarLive.in We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, BhaskarLive.in takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
