Larry Ellison Overtakes Jeff Bezos to Claim Second-Richest Man Title with Oracle Stock Surge
Larry Ellison, the chairman and co-founder of Oracle Corp., has made headlines after surpassing Jeff Bezos to become the world’s second-richest person. This incredible feat was achieved thanks to a significant surge in Oracle’s stock price, which rose by over 6% on Monday. Ellison’s net worth skyrocketed by $11.7 billion, reaching an impressive $209 billion, according to Forbes’ real-time billionaires list. Bezos, the founder of Amazon, now sits in third place with a net worth of $202 billion, while Tesla CEO Elon Musk remains at the top with $251 billion.
Oracle’s Stock Success and Financial Outlook
The surge in Oracle’s stock price can be attributed to the company’s stellar financial performance. Last week, Oracle reported earnings that surpassed expectations, leading to a boost in its fiscal 2026 revenue forecast. As a result, investors flocked to the stock, driving its price to new highs. This surge propelled Ellison to briefly claim the title of the world’s second-richest person on Friday, before Bezos reclaimed the position.
Shares of Oracle have seen a remarkable 23% increase in just one month, marking one of the best performances in the company’s history. The last time Oracle stock experienced such a significant rally was in October 2022 when it soared by 28%. This recent success underscores the company’s resilience and ability to capitalize on market opportunities.
Oracle’s Role in the Artificial Intelligence Boom
One key factor contributing to Oracle’s stock success is its involvement in the artificial intelligence (AI) boom. Ellison, who founded Oracle in 1977, highlighted the company’s efforts to meet the growing demand for generative AI during a recent earnings call. Oracle is investing in building data centers tailored to accommodate large language models and training processes.
“We are literally building the smallest, most portable, most affordable cloud data centers all the way up to 200-megawatt data centers, ideal for training very large language models and keeping them up-to-date,” Ellison stated during the call. This strategic focus on AI infrastructure positions Oracle as a key player in the rapidly expanding AI market, driving investor confidence and stock performance.
In addition to its internal initiatives, Oracle has also formed strategic partnerships with major players in the cloud computing industry. Last week, the company announced a collaboration with Amazon’s cloud computing unit to offer its database services on dedicated hardware. This partnership follows similar agreements with Microsoft and Google, solidifying Oracle’s position as a leading provider of cloud infrastructure solutions.
In conclusion, Larry Ellison’s ascent to the second-richest person in the world reflects not only his personal success but also Oracle’s strong performance in the market. The company’s strategic focus on AI, combined with its robust financial outlook and strategic partnerships, positions Oracle for continued growth and success in the highly competitive tech industry.