Story perspectives

Larry Ellison Regains #2 Rich Spot; Oracle Soars, Alphabet Falls

6/3/2026

50 4

Summary

Story summary

Larry Ellison, Oracle co-founder and executive chairman, vaulted back to second place in global wealth rankings, overtaking Larry Page.
Oracle shares surged 28% over five days, raising Ellison’s net worth to $296 billion at market close Tuesday.
Alphabet stock fell 3.8% Tuesday after announcing an $80 billion stock sale.
The four largest cloud operators—Alphabet, Microsoft, Meta and Amazon—are on track to spend $725 billion on AI infrastructure this year.

1 of 1

Story summary

Larry Ellison, Oracle co-founder and executive chairman, vaulted back to second place in global wealth rankings, overtaking Larry Page.
Oracle shares surged 28% over five days, raising Ellison’s net worth to $296 billion at market close Tuesday.
Alphabet stock fell 3.8% Tuesday after announcing an $80 billion stock sale.
The four largest cloud operators—Alphabet, Microsoft, Meta and Amazon—are on track to spend $725 billion on AI infrastructure this year.