Larry Ellison Surpasses Jeff Bezos to Become World's Second-Richest Person with $209B as Oracle Soars

Sep 16, 2024, 02:54 PM

Larry Ellison, Oracle's billionaire chairman, has surpassed Amazon founder Jeff Bezos to become the world's second-richest person. Ellison's net worth surged to $209 billion as Oracle's stock climbed by 23%, driven by the company's significant role in the artificial intelligence boom. Oracle's shares have increased by 23% this month, contributing to Ellison's rise in wealth by $8 billion. This marks a significant rebound for Ellison, whose fortune has grown from roughly $60 billion in 2020 to $209 billion today. Elon Musk remains the world's richest person with a net worth of $251 billion.