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Larry Ellison Becomes World's Second Richest as Oracle Soars

7/16/2025

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Summary

Story summary

Larry Ellison, founder of Oracle, is now the world's second richest person, with a net worth of $251.2 billion.
Oracle's stock has increased over 90% since April, fueled by rising demand for AI cloud services.
Ellison holds approximately 40% of Oracle, which reported an 11% year-over-year revenue growth from cloud services.
Oracle ranks as the fifth-largest cloud provider, securing 3% of the global market, and plans major investments in AI infrastructure.

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Story summary

Larry Ellison, founder of Oracle, is now the world's second richest person, with a net worth of $251.2 billion.
Oracle's stock has increased over 90% since April, fueled by rising demand for AI cloud services.
Ellison holds approximately 40% of Oracle, which reported an 11% year-over-year revenue growth from cloud services.
Oracle ranks as the fifth-largest cloud provider, securing 3% of the global market, and plans major investments in AI infrastructure.