Larry Ellison, co-founder and chief technology officer of Oracle, has become the world's second-wealthiest person for the first time, surpassing Meta CEO Mark Zuckerberg. According to the Bloomberg Billionaires Index, Ellison's net worth has reached $251.2 billion, propelled by a nearly 90% surge in Oracle's share price over the past three months. This increase is largely attributed to Oracle's strategic investments in artificial intelligence, including partnerships with OpenAI and contracts with the U.S. government. Ellison retains about 41% ownership of Oracle, which contributed to his substantial earnings of approximately $56 billion in June alone. At 80 years old, Ellison's rise reflects the growing influence of AI in the global market and the tech sector's evolving landscape.
ICYMI: Oracle founder and chief technology officer Larry Ellison, 80, has become the second-richest person in the world for the first time, surpassing Meta CEO Mark Zuckerberg. https://t.co/XuFRb7u0EV
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