Goodbye to Elon Musk as the world’s richest man: this is the billionaire who will succeed him and his net worth
While Musk was known as the world’s richest man, Larry Ellison, the co-founder of Oracle, has taken the place as the wealthiest person in the world.
We have a new incumbent for the title of ‘richest man in the world’ with Larry Ellison taking the title from Elon Musk.
Ellison is a American businessman and entrepreneur who co-founded the software company Oracle Corporation. He was the CEO of Oracle from its founding in 1977 until 2014, and now serves as its executive chairman and chief technology officer.
He became rich primarily through his work at Oracle, which grew under his leadership to become one of the world’s largest software companies, specializing in database management systems, cloud computing, and enterprise software. His wealth is overwhelmingly tied to his substantial ownership stake in the company.
A recent surge in Oracle’s stock price, driven by a strong earnings report and a positive outlook for the company’s cloud and AI-related business, has dramatically increased Ellison’s net worth, pushing him into the position of the world’s richest person. He also has other assets, including real estate and a stake in Tesla.
Based on recent reports, Ellison’s net worth has seen a dramatic increase and after a surge in Oracle’s stock price, his net worth is now estimated to be around $393 billion.
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