Larry Ellison: Close to becoming the richest man in the world after Oracle’s cloud growth
Stories of billionaires always make headlines in today’s world, but this time the spotlight is on someone else. Yes, we are talking about Larry Ellison, who became richer than $100 billion in a single day. This news shook both the global finance and tech industry. Oracle’s latest cloud growth projection proved to be a game-changer for investors and its direct impact took Larry Ellison net worth to record levels.
Historic Jump in Larry Ellison Net Worth
After Oracle’s dramatic earnings report, Larry Ellison’s net worth increased by more than $100 billion in a single day. Oracle shares showed a tremendous jump of 36% on Wednesday, which brought the value of Ellison’s stake to around $380 billion. This growth brought him close to dethroning Elon Musk, who is still the richest man in the world with a net worth of $437 billion. According to the Bloomberg Billionaires Index, Larry Ellison left Musk behind for a moment.
Larry Ellison Stake in Oracle and His Vision
Larry Ellison has never reduced his Oracle shareholding since starting Oracle in 1977. Even today he has more than 1.1 million shares, which he held for over 25 years. This loyalty and vision shows how confident he was about the future of his company. When other leaders like Salesforce’s Marc Benioff sold off their stakes, Ellison maintained his position and placed a long-term bet which has now proved to be golden for him.
Larry Ellison in the race to become the richest man
After this tremendous growth of Oracle, the world is now watching whether Larry Ellison will be able to beat Elon Musk and become the richest man. Oracle’s market cap has crossed $920 billion and it is now included in the top 10 companies of the S&P 500 index. Ellison himself was seen boasting on the analysts call that Oracle is much bigger and more powerful than competitors like ServiceNow and Workday.
Larry Ellison News: Expansion in AI and Healthcare
Larry Ellison did not limit his story to Oracle only. In 2022, he acquired healthcare giant Cerner with a deal of $28 billion. Along with this, he launched the Ellison Institute of Technology at Oxford University, which is a landmark step for both research and philanthropy. And Ellison is not lagging behind in the AI race either. Oracle has signed contracts for AI workloads with big players like OpenAI, xAI, Meta, Nvidia, AMD. Due to this, Oracle has now become a major arms dealer of AI infrastructure.
Larry Ellison Share in Oracle and Political Links
The massive share Ellison has in Oracle is the foundation of his billionaire status. His political links are also making headlines. He has shown open support for Donald Trump’s campaigns and his relationship with him can also bring business benefits for Oracle. According to reports, Trump delayed the sale of TikTok’s U.S. business and hinted that he is open to selling it to Musk or Ellison. If this happens, it could become another big turning point.
Larry Ellison and Oracle’s Future
Oracle has announced that their cloud infrastructure revenue will grow 14x in the next five years — from $10 billion to $144 billion by fiscal 2030. Their remaining performance obligation has also reached $455 billion, which is 359% more than last year. During Oracle’s earnings call, CEO Safra Catz proudly stated that today Oracle has become the most trusted destination for AI workloads.
This clearly shows that Larry Ellison is not just a rich businessman but a visionary leader who is taking technology and business to new and unmatched heights.
Disclaimer:
The financial and business details given in this article are based on market reports and official announcements. Before taking any investment or financial decision, always confirm with your advisor or verified sources.
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