Larry Ellison's Wealth Surges by Billions Amid Oracle's AI-Driven Stock Rally

Ellison's net worth leaps to $170 billion, making him the fifth-richest person globally, as Oracle's stock hits record highs.

Oracle's stock jumped over 10%, reaching an all-time high, driven by strong AI demand and cloud contracts.
Ellison's net worth increased by $15-18 billion in a single day, primarily due to his 40% stake in Oracle.
Oracle announced significant AI-related deals, including partnerships with Microsoft and Google.
Despite lower-than-expected revenue and profits, Oracle's positive revenue guidance fueled investor optimism.
Ellison's wealth gain is part of a broader trend among tech billionaires benefiting from advancements in artificial intelligence.