Oracle’s advancement in the technological market had an immediate effect on the activities of Larry Ellison. The appreciation of the company’s shares, led by the financial results expected above, has placed the billionaire at the top of the global ranking. Growth is linked to the expansion of cloud services and the growing use of artificial intelligence.
According to Bloomberg’s billionaire rate, Ellison started holding $ 393 billion, exceeding Elon Musk, owner of $ 385 billion. This is the largest jump of rich newspaper wealth ever recorded by the list.
In July, Ellison had already broken Mark Zuckerbergfounder of the lens and reached the most richest vice-leader.
Musk, in turn, took command in 2021, but lost his assignment Jeff Bezosby Amazon EA Bernard ArnaultFrom LVMH. He returned to the top in 2023, remaining just over 300 days.
See the updated ranking of billionaires:
Larry Ellison – $ 393 billion (Oracle)
Elon Musk – $ 385 billion (Tesla, Spacex, Xai, X)
Mark Zuckerberg – $ 268.8 billion (Goal)
Jeff Bezos – $ 258.5 billion (Amazon)
Larry Page – $ 210 billion (Google)
Sergey Brin – $ 196.5 billion (Google)
Steve Ballmer – 171.4 billion US dollars (Microsoft)
Bernard Arnault – 162.6 billion dollars (LVMH)
Jensen Huang – US $ 148.7 billion (Nvidia)
Warren Buffet – $ 148.3 billion (Berkshire Hathaway)
Michael Dell – 143.2 billion dollars (Dell)
Jim Walton – $ 126.7 billion (Walmart)
Rob Walton – $ 124.1 billion (Walmart)
Alice Walton – $ 123.4 billion (Walmart)
Bill Gates – US $ 120.6 billion (Microsoft)
The values ​​correspond to the closure of the New York Stock Exchange Tuesday, with the exception of Ellison and Musk.
Who is Larry Ellison?
Before founding Oracle, Ellison left university and worked as a programmer. The success of the company has put it among the greatest names of world technology.
The trajectory is also marked with extravagant spending. Among the goods there are yachts, jets, luxury properties and even an island in Hawaii.
Ellison is Co -Fondator and the largest shareholder of Oracle, who distinguished himself for the database of the same name and subsequently entered the cloud computing market, in the dispute of competitors such as Amazon and Microsoft.
At 81, it checks over 40% of Oracle, based in Austin, Texas. His fortune also includes participation in Tesla, a sailing team, the Indian and real estate tennis tournament.
Tuesday 9 September had $ 364 billion, according to Bloomberg, with a profit of $ 70 billion after the disclosure of Oracle’s quarterly results. In the post-market trading session, the company’s shares reached the record.
With the new exhaust, Ellison occupied the first position among the billionaires.
How did the entrepreneur build his luck?
Raised in Chicago, a child was adopted by his mother’s relatives. He tried to study the universities of Illinois and Chicago, but he both abandoned. In California, he got work in Ampex, where he participated in the development of a database called Oracle for the CIA (Central Intelligence Agency).
In 1977, he founded Oracle together with two partners. The company opened the capital in March 1986, a day before Microsoft. Ellison left CEO’s position in 2014, remaining as President of the Board of Directors and Director of Technology.
Source: Terra
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