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Oracle Surge Propels Larry Ellison to Second-Richest Spot

A record stock rally followed Oracle’s strong earnings in cloud computing driven by AI, boosting Ellison’s wealth to $243 billion.

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Jeff Bezos Loses Second Richest Title
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Overview

  • Ellison’s net worth jumped by $26 billion, lifting him past Jeff Bezos and Mark Zuckerberg to claim the world’s second-richest position.
  • Oracle shares climbed over 13%, reaching an all-time high after the company reported $15.9 billion in quarterly revenue and $1.70 in adjusted earnings per share.
  • Deutsche Bank dubbed the results a “watershed moment” for Oracle and TD Cowen forecast a major inflection point in its cloud infrastructure service in fiscal 2026.
  • Owning roughly 41% of Oracle, Ellison’s personal fortune is highly sensitive to the company’s stock performance.
  • Tesla CEO Elon Musk remains the world’s richest person with an estimated net worth of about $411 billion.