In recent weeks, Mark Zuckerberg has been so busy trying steal the best engineers A OpenAI through millionaire contracts, who has not even learned that Larry Ellison has unseat him of its position in the Forbes Millionaires List.
Thus, Oracle’s co -founder has become The second person richer on the planet. This feat that has been possible thanks to the meteoric rise in Oracle’s actions and the key role that the company plays in the infrastructure that the AI needs to work.
Larry Ellison surpasses Zuckerberg and Bezos. In recent days, Larry Ellison has managed to unseat Mark Zuckerberg of the second position in the ranking of Greater fortunes in the world. Until recently, Ellison occupied the fourth place, behind Elon Musk, Mark Zuckerberg and Jeff Bezos.
After a rapid increase in the price of Oracle’s shares, the fortune of its founder has climbed up to 291,600 million dollars, relegating Mark Zuckerberg to third position with 241.3 billion dollars, already Jeff Bezos until the fourth with 237.4 billion dollars. This ascent places Ellison a step closer to Elon Musk, who continues to lead the list of the richest people in the world with An estimated heritage of 412.8 billion dollars.
The miracle of Oracle. He Ellison’s meteoric It is no accident. It is based on the extraordinary performance of Oracle’s actions and the incessant growth of its technological portfolio. The value of Oracle’s shares has risen 5.7% since the US government announced that it would allow chips manufacturers export some semiconductors to China.
To these good news was added the presentation of solids Financial resultswith an increase in the benefits of 52% thanks to the investments that all technology companies are doing in developing AI. The good news that were given from Oracle have turned on the enthusiasm of the investors that have been released in Tromba To buy shares of the company.
Ellison’s rise has done nothing but start. Taking into account Oracle’s excellent financial results, Larry Ellison has affirmed that 2026 will be A decisive year for Oraclegiven the enormous sums of money that the big technological ones They are investing in developing AI.
Oracle has invested billions of dollars during the last decades to position itself as a supplier Cloud infrastructure key. That has left him in a dominant position in the cloud infrastructure market. Since the launch of Chatgpt in November 2022, that domain has only growing, adopting a hardware supplier role for the equivalent of that which Nvidia has occupied, but in the field of server infrastructure. In short, Oracle has managed to create a “home” in which AI can develop.
A visible example of this influence is the recent agreement between Oracle and Openai, in which, within the framework of the Stargate projectSam Altman’s company promised increase power of processing renting a capacity of 4.5 gigawatts to train ChatGPT in Oracle data centers.
Larry Ellison’s fortune. Larry Ellison controls more than 40% of Oracle’s shares, which means that any revaluation of the company impacts significantly on its personal heritage. His empire is almost completely supported in Oracle, which represents 80% of his fortune.
However, Ellison has also been a relevant shareholder of Tesla, with approximately 1.5% participation in the company’s actions According to the vote statement of 2022. Between 2018 and 2022, he was part of the Tesla Board of Directors.
Beyond its technological investments, Ellison has diversified its assets with greater or lesser successallocating hundreds of millions of dollars to the purchase of luxury properties and sports projects. Among its assets are several residences in Malibu and Rancho Mirage (California), the Beechwood mansion in Newport (Rhode Island) and Lanai Island in Hawaii.
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Image | Flickr (Oracle PR)
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