Larry Ellison, the co-founder of Oracle Corp, has seen his net worth skyrocket to $150 billion following the company’s monumental stock rally. This surge has made Ellison the world’s third-richest individual, trailing only behind Elon Musk and Jeff Bezos. The dramatic increase in his wealth, amounting to approximately $75 billion, has been driven by Oracle’s significant growth, particularly in cloud computing services, amidst ongoing demand from corporations seeking technological advancements. On the day of his 80th birthday, Ellison expressed his excitement over the company’s performance, stating, “It’s really great to see all the hard work finally paying off. The cloud is the future, and Oracle is leading the way.” The stock of Oracle experienced its biggest gain since the dot-com era, indicating a substantial shift in the market’s perception of its value. Following this impressive leap, Ellison’s wealth now places him in a competitive position with established billionaires, solidifying his impact within the tech industry. As of the recent report, Ellison’s fortune has surged a staggering 104% over the past year alone, reflecting not only Oracle’s successful strategies but also the broader growth within the tech market. With technology continuing to evolve, Ellison’s leadership seems positioned to keep Oracle at the forefront of innovation. Investors remain keenly interested in Oracle’s trajectory, noting that it could set trends for the industry in the coming years.
Larry Ellison’s Net Worth Soars to $150 Billion as Oracle Experiences Historic Stock Surge on His 80th Birthday
