Larry Ellison, co-founder of Oracle, has become the third richest person in the world, according to estimates Forbesahead of rival tech tycoon Jeff Bezos.
Thanks to the nearly 5% rise in Oracle shares, net worth Larry Ellison 4% to reach $152 billion Wed, leaving behind the founder of Amazon, Jeff BezosHis wealth is estimated at $149 billion.
This is the first time that Larry Ellison has risen to third place in the ranking of the world’s richest people, except for a brief period on Tuesday, June 13.
Added Larry Ellison $45 billion He made his fortune in two months, as Oracle shares soared 45% on the artificial intelligence (AI) craze. On Monday, he said Oracle was the “number one” supplier of generative AI software.
Larry Ellison is now hot on the heels of Tesla CEO, Elon Musk ($235 billion), and head of LVMH, Bernard Arnault ($225 billion), in terms of net worth.
Larry Ellison entered the rating for the first time Forbes One of the richest people in the world in 1993, with an estimated net worth of $1.6 billion. He co-founded Oracle 46 years ago and served as its CEO for 37 years until 2017. He has transformed Oracle into one of the most valuable technology companies in the world. The billionaire remains the company’s largest shareholder and chairman of its board of directors. In addition to his stake in Oracle, Larry Ellison owns a real estate portfolio worth more than $1 billion, including an island in Hawaii that he bought for 300 million dollars In 2012.
Elon Musk said about Larry Ellison in: “He really is one of the best engineers I’ve ever met.” Forbes in 2020 (Larry Ellison served on Tesla’s board of directors from 2018 to 2022). “When we come up with a technical topic, he understands it very quickly, even if it’s not his area of expertise.”
Larry Ellison did Donate more than $20 million For Republican reasons ahead of last year’s US midterm elections, largely funded by the Senator’s associated super PAC Tim Scott. He was present at the official launch of Tim Scott’s presidential campaign last month, which Lead The latter considers him one of his “mentors”.
Translated article from the American magazine Forbes – Author: Derek Saul
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