Forbes or Bloomberg Billionaires Index

Larry Ellison Joins Top 5 Richest, Adds $14 Billion as Oracle Stock Hits Record High

Sep 10, 2024, 02:05 PM

Larry Ellison, co-founder and chairman of Oracle Corporation, has seen a significant increase in his wealth as Oracle's stock surged to a record high. The pre-market trading saw Oracle ($ORCL) up by 12 points, resulting in Ellison adding $14 billion to his net worth. This increase has propelled Ellison to surpass Mark Zuckerberg and Bernard Arnault on the world's richest list, placing him in the top 5. Ellison, who owns 1.15 billion shares of Oracle, experienced a $20 billion increase in his wealth.