Larry Ellison's remarkable rise to the fourth-richest person reflects a $57.8 billion increase in his wealth this year, driven by soaring Oracle stock amid AI demand.
Oracle's stock has doubled from under $70 to a record $170, driven by the company's critical role in the AI boom, leading to massive investor excitement.
Ellison's net worth ballooned by 125% in two years, benefiting from an 18% year-over-year jump in earnings per share according to Oracle’s quarterly reports.
With a 40% stake in Oracle, Ellison's financial success marks a significant leap above tech rivals, showcasing the unique benefits of cloud computing and AI growth.
[
Collection
]
[
|
...
]