Oracle co-founder Larry Ellison has become the world’s second-richest person, surpassing Jeff Bezos and Mark Zuckerberg, thanks to a massive surge in his company’s stock value. Oracle’s shares jumped 13% on June 12 and another 7% on June 13, reaching a record $215 per share. This boost increased Ellison’s net worth by over $40 billion, bringing it to $254.6 billion, according to Forbes. Only his friend Elon Musk, with a net worth of $412.9 billion, ranks above him.
The stock rise followed Oracle’s strong earnings report on June 11, which revealed higher-than-expected profits. CEO Safra Catz predicted even better performance in FY26, with cloud revenue growth potentially exceeding 40%. Ellison highlighted a 115% increase in MultiCloud database revenue and announced plans to build 47 new data centers. Analysts, like Deutsche Bank’s Brad Zelnick, emphasized Oracle’s growing influence in cloud computing, signaling a bright future for the company.
