Oracle’s Larry Ellison Becomes World’s Second-Richest Person With $251B Fortune After AI Rally
At 80 years old, most people are thinking about retirement — but Larry Ellison is busy collecting wealth records and Hawaiian real estate. The OracleORCL founder has surpassed Meta’sMETA Mark Zuckerberg on the Bloomberg Billionaires Index, claiming the world’s second-richest person title with a $251.2B net worth. This rise stems from Oracle’s AI explosion, with shares rising 42% this year.
- Over 80% of Ellison’s wealth comes from his 40% stake in Oracle, which has soared to a $650B market value as ChatGPT’s launch sparked a surge in demand for its AI and cloud services.
- Recently, Oracle’s quarterly revenues jumped 11% year-over-year to $15.9B, driven by a 14% surge in cloud services as enterprise customers hunger for AI computing power.
Eyes on the prize: Oracle’s positioning in Trump’s ambitious $500B Stargate AI infrastructure project alongside OpenAI and SoftBank signals even more potential wealth accumulation ahead. The company’s recent $3B European expansion and $30B annual cloud deal with OpenAI suggest Ellison’s momentum isn’t slowing. While Goldman Sachs maintains a neutral rating due to concerns about capital-intensive training investments, CEO Safra Catz remains optimistic, noting that “FY26 will be even better.”