Larry Ellison Becomes World's Second-Richest Person Amid AI Boom

The Oracle co-founder’s net worth surged past Jeff Bezos as Oracle’s stock continues to rise, driven by AI-related growth.

Larry Ellison's net worth reached $206 billion, surpassing Jeff Bezos to become the world's second-richest person.
Oracle's stock has surged due to its strategic investments in AI and cloud computing, increasing by 23% this month.
Ellison and Elon Musk recently met with Nvidia CEO Jensen Huang to secure more GPUs for their AI initiatives.
Oracle's cloud infrastructure segment saw a 45% increase in revenue, highlighting the growing demand for AI computing power.
Ellison's wealth has more than doubled in two years, driven by his substantial stake in Oracle and investments in Tesla.