Larry Ellison Becomes World's Second-Richest Person

Larry Ellison, co-founder and chairman of Oracle, has become the world's second-richest person after his net worth surged by $26 billion to $243 billion, surpassing Jeff Bezos and Mark Zuckerberg. The jump came as Oracle's shares hit a record high following stronger-than-expected fourth-quarter results, which included $15.9 billion in revenue and $3.4 billion in net income. Analysts described this as a watershed moment for Oracle due to its growing influence in cloud computing and artificial intelligence. Ellison owns about 41% of Oracle, and the company's strong performance and outlook for cloud infrastructure have fueled the stock surge. Elon Musk remains the world's richest person with a net worth exceeding $400 billion. The event highlights the significant impact of AI and cloud computing on shifts in global wealth rankings.