Larry Ellison Overtakes Jeff Bezos, Mark Zuckerberg As World’s Second-Richest Person

Key Concepts:

• Net Worth Fluctuation
• Forbes's Real-Time Billionaires Ranking
• Oracle's Stock Surge
• Cloud Computing
• Artificial Intelligence (AI)
• Generative AI
• Agentic AI
• Earnings Report
• Fiscal Year
• AI Training Workloads
• Cloud Infrastructure Service

Larry Ellison's Net Worth Surge and Ranking

Larry Ellison regained his position as one of the world's two richest people on Thursday due to a significant increase in Oracle's stock value. His net worth increased by $26 billion to $243 billion by midday Thursday, marking the largest daily gain among billionaires, according to Forbes's data. This surge propelled him past Jeff Bezos and Mark Zuckerberg to claim the second spot on Forbes's real-time billionaires ranking. He is now second only to Elon Musk in wealth.

Oracle's Stock Performance and Earnings Report

Oracle's shares experienced a surge of over 14% following the release of its earnings report on Wednesday afternoon. The report revealed stronger profits and sales than Wall Street analysts had anticipated for the company's financial quarter ending last month.

Analysts' Perspectives on Oracle's Future

A Deutsche Bank analyst described Oracle's earnings report as a "watershed event," emphasizing the importance of Larry Ellison's statements about entering a new era of cloud computing. The analyst noted that "When Larry Ellison speaks of entering a new era of cloud computing all should pay careful attention." He highlighted Oracle's crucial role in the advancement of generative and agentic AI, acknowledging its influential position in the field. TD Cohen analyst Derek Wood predicted that Oracle's 2026 fiscal year, starting this month, will be a major inflection point for Oracle's core cloud infrastructure service, driven by substantial demand for AI training workloads.