"Oracle cofounder and chairman Larry Ellison briefly overtook Elon Musk as the richest man in the world this week. Ellison's sudden rise to the top spot, the result of a surge in Oracle's stock price, was ultimately short-lived. Just hours later, Musk retook the top spot after Oracle's price receded a bit. Like Musk, Ellison is a major political donor - but he's been at it far longer than the Tesla and SpaceX founder."
"Though he has close ties to President Donald Trump, he does not appear to have ever made any direct, public contributions to the president's political operation, according to Federal Election Commission records. He hosted a fundraiser for Trump in 2020 on one of his properties, but said that he did not attend himself. But he's spent big on some other major politicians - mostly Republicans."
Larry Ellison briefly overtook Elon Musk as the richest person following a surge in Oracle's stock price, but Musk retook the top spot hours later after Oracle's share price receded. Ellison has been a major political donor for many years, primarily supporting Republican candidates. He has close ties to President Donald Trump but has no record of direct public contributions to Trump's political operation according to Federal Election Commission records; he hosted a 2020 fundraiser for Trump but said he did not attend. Ellison's largest beneficiaries include Sen. Tim Scott, Marco Rubio, and Mitt Romney. Ellison contributed more than $35 million to Opportunity Matters Fund between 2020 and 2023 and attended Scott's 2023 campaign launch, where Scott called him a mentor.
Read at Business Insider
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