Larry Ellison and Oracle: How AI Rocketed a Billionaire to the Top of the World
Did you know that Larry Ellison, the founder of Oracle, has become the world’s second richest person for the first time ever? Yes, you read that right! Thanks to the explosive surge in Oracle’s stock, which has nearly tripled since November last year, Ellison’s net worth has skyrocketed to a staggering $135.2 billion!
Oracle and AI: A Match Made in Tech Heaven
Oracle is one of the biggest winners in the current AI investment boom. Since ChatGPT was released to the public, Oracle’s shares have jumped 90% in just the last three months! The company has inked cloud computing deals worth tens of billions of dollars, including key partnerships with OpenAI, and announced plans to build massive data centers.
How Did Ellison Leapfrog Mark Zuckerberg?
Ellison, who is 80 years old, has now surpassed Mark Zuckerberg on Bloomberg’s billionaire list. Over 80% of Ellison’s wealth is tied up in Oracle stock, meaning his financial success is directly linked to the company’s AI-driven growth.
What’s Next on Ellison’s Agenda?
Ellison plans to channel part of his fortune into AI development through his institute, in partnership with Oxford University. Oracle has also announced hundreds of millions of euros in AI investments in the Netherlands.
Not Just Ellison — Other Billionaires Are Cashing In Too
Nvidia CEO Jensen Huang’s wealth has also surged thanks to his company’s booming chip business. Huang now ranks ninth on the rich list, while Elon Musk remains the richest with $230.8 billion.
The Bottom Line
As the world pivots to artificial intelligence, figures like Larry Ellison and Jensen Huang are making a financial revolution. Oracle has proven that investing in AI pays off, and Ellison is living proof that age is no barrier to reaching the pinnacle of wealth.
So, what about you? Have you bought Oracle stock yet, or are you waiting for the next AI boom? Or maybe you think this is just a bubble about to burst? Share your thoughts — maybe together we’ll spot the next billionaire on the rise!
Source: Blic, Bloomberg, Money Control
