Larry Ellison surpasses Jeff Bezos and Mark Zuckerberg in wealth
- Larry Ellison's net worth increased by $26 billion, reaching $243 billion.
- The surge in wealth followed Oracle's stock hitting a record high after a strong earnings report.
- This financial success positions Ellison as the second-richest person globally, surpassing both Jeff Bezos and Mark Zuckerberg.
On June 12, 2025, in the United States, Larry Ellison, co-founder and chairman of Oracle Corporation, experienced a remarkable surge in his net worth, climbing by $26 billion to reach a total of $243 billion. This surge was primarily fueled by the exceptional performance of Oracle's stock, which crossed the $200 mark per share following an impressive earnings report released the previous day. This report disclosed profits and sales that exceeded market expectations for the financial quarter ending in May, which surprised analysts and investors alike. The earnings report was described by Deutsche Bank analyst Brad Zelnick as a 'watershed' moment for Oracle, showcasing the company's strong position in the ever-evolving landscape of cloud computing. Ellison's visionary leadership played a pivotal role in this growth, particularly as Oracle positions itself at the forefront of advancements in artificial intelligence and other technological innovations, making it a key player in the global AI race. Moreover, analyst Derrick Wood from TD Cowen predicted that Oracle's fiscal year 2026, commencing this month, would mark a significant inflection point for the company's core cloud infrastructure services. He attributed this to an increasing demand for AI training workloads, which is likely to drive Oracle's revenues higher. The company reported a fourth-quarter revenue of $15.9 billion, surpassing the predicted estimate of $15.58 billion. Furthermore, it boasted adjusted earnings of $1.70, exceeding estimates of $1.64. The company’s optimistic guidance indicated an anticipated total revenue of at least $67 billion for fiscal 2026, which further fueled investor confidence. The success of Oracle is not merely coincidental; it stems from strategic decisions in integrating their services into enterprise data architecture effectively. This integration enhances their competitive strength against other industry giants, allowing Oracle to carve out a unique space in the crowded tech market. The company's stock has seen a year-to-date increase of 20.38%, reflecting robust investor sentiment and confidence in its future prospects. As Oracle continues its momentum, this financial success signifies a potential shift in the dynamics of wealth among tech billionaires, with Ellison now positioned just behind Tesla's CEO Elon Musk on the global rich list.