Larry Ellison Surpasses Bill Gates' Wealth, Thanks to Oracle Cloud Market Share Gains
Shares of software giant Oracle (NYSE: ORCL) have been on fire, up 48% so far in 2023 and building its trailing-three-year run to now over 130%. And the company has made its co-founder, executive chairman, and chief technology officer (CTO) Larry Ellison a great deal of money.
After another knockout quarter and jump in stock price, Bloomberg reported that Ellison became the world's fourth-richest person, with a net worth of nearly $130 billion, passing Bill Gates for the slot. Ellison trails behind Amazon founder Jeff Bezos, LVMH Moët Hennessy Louis Vuitton founder and chairman Bernard Arnault, and Tesla's Elon Musk.
Besides owning over 42% of Oracle, Ellison was also on Tesla's board of directors up until summer 2022.
Source Fool.com
Oracle Corp. Stock
€127.84
0.110%
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