No one was in a better mood last week than Larry Ellison – Oracle The co-founder exploded Forbes’ Billionaire ranking The list, reaching second place, is just below his close friend Elon Musk.
Ellison’s net worth is now high at $250.9 billion Income Report Triggered its stock soar.
The cloud-computer tycoon, who owns a 41% stake in Oracle’s name, climbed his net worth by $40 billion in a few days. His wealth grew by $25 billion last Thursday and $16 billion on Friday: the two largest daily swells of billionaires’ net worth at the time. Forbes.
Now, Ellison surpasses Amazon founder Jeff Bezos, who is currently worth $229 billion and Mark Zuckerberg has a net worth of $240 billion in the Billionaire Club.
One person he hasn’t reached yet is Elon Musk – a close friend of Elon Musk, who is still the richest man in the world, with a fortune of $405 billion. There is a nearly $155 billion difference between their respective net worth, so if he wants to finish first, Ellison cuts his job for him.
Oracle stock crazy, pushing Ellison to $250 billion in wealth
Last Wednesday, the afternoon’s earnings report was called the “watershed” moment for cloud computing companies. It was also an important moment for Ellison’s wallet.
Report It shows that Oracle’s total revenue in fiscal 2025 rose 8% to $57.4 billion. $1.70 adjusted EPS outperformed Wall Street expectations with unprecedented $15.9 billion in sales. The day after those numbers were released, Oracle’s stock surged 13%, and by mid-Friday, it rose another 7%, reaching a record $215 a share.
Oracle Chairman and Chief Technology Officer Ellison then received an 11-digit surge in net worth. Ellison’s net worth was $213 billion last Tuesday afternoon, the day before the cloud-computing Titan released its earnings report.
While the 80-year-old entrepreneur may feel at the top of the world right now, he hasn’t said he’s in 2026. Billionaire’s wealth has been fluctuating – Bernard Arnault, founder and CEO of Luxury Fashion House LVMH, is the richest person in the world starting in 2024, with $231 billion. Today, he ranks seventh in the net worth of $142 billion, thanks to stock.
But, TD Cowen Analyst Derrick Wood explain Oracle’s fiscal year 2026 (starting this month) will become the “main turning point” for business cloud infrastructure services, driven by the “huge demand for AI training workload”. Ellison himself saw hope for the future.
“In this new era of cloud computing, the future of Oracle is bright. Oracle will be the first cloud database company,” Ellison said. explain Business revenue call last Friday. “In this new era of cloud computing and AI, Oracle has flourished, and this is just the beginning.”
Top Zuckerberg and Bezos, but fell off Musk-now
Ellison sees the second year as a new territory for Oracle, which could mean another huge spending for executives. But even if he brought No. 1 to the world’s wealthiest people, Musk may not feel sad – after all, they are good friends.
“I’m not sure how many people know, but I’m very close to Elon Musk and I’m a big investor Tesla,” Ellison explain 2018 conference call with analysts.
Ellison and Musk are two peas in a pod – both of which are tech entrepreneurs with huge figures. Oracle co-founder repeatedly defends Musk be opposed to The public objected to him “don’t know what he was doing” and said he “liked” articles about Tesla’s founder “smoking paint.”
In 2018, Musk even appointed Ellison to Tesla’s board of directors Draw review Critics believe it is more difficult to maintain objectivity with friends on a company’s board.
