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Oracle Equity Surge pushed co-founders Larry Ellison’s net worth Over the past two days, he’s been pushing Tesla CEO Elon Musk as the richest person in the world.
The software giant’s stocks were surged in after-hours trading, featuring a massive increase in sales, following a revenue release that gave a bullish outlook for Oracle’s cloud business.
Positive news has been sent Oracle Stock Over 32% higher in out-of-hours and pre-market trading – Oracle stocks rose more than 39.6% on Wednesday morning, continuing even after the market was opened.
Ellison holds approximately 1.16 billion shares in the company, representing approximately 41% of Oracle’s total shares. Ellison’s net worth jumped around $111 billion as of 11am.
Oracle’s Larry Ellison overtakes Mark Zuckerberg as the second richest person in the world
Oracle co-founder Larry Ellison’s net worth surged over $100 billion until this Wednesday. (Justin Sullivan/Getty Images/Getty Images)
Ellison’s net worth gains allowed him to surpass Musk’s lead as the wealthiest person in the world.
Musk held the decisive lead before Oracle’s shares jumped up after opening hours on Tuesday. Bloomberg Billionaire Index.
Ellison began on Tuesday at around $294 billion, but his wealth has risen by shares in after-hours trading boosted his wealth around $70 billion.
Oracle’s Larry Ellison joins exclusive wealth club after $26 billion a day fortune surge
Oracle co-founder Larry Ellison will speak at a White House event as President Donald Trump is paying attention to the Roosevelt Room on January 21, 2025. (Andrew Harnik/Getty Images)
Oracle’s stock price surge in Wednesday’s intraday trading brings Ellison ahead of Musk as the world’s wealthiest person.
Musk’s net worth saw a big jump from around $262 billion in the beginning of November late last year to over $414 billion in the beginning of January.
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| orcl | Oracle Corp. | 341.29 | +99.73 |
+41.29% |
| TSLA | Tesla Inc. | 354.92 | +7.95 |
+2.29% |
Oracle’s Larry Ellison is rich and rivals Musk, Bezos and Zuckerberg
Due to delays in sales and uncertain direction within Musk’s political involvement and role, it returned to about $322 billion in Tesla stock slides. Trump administration.
Musk’s withdrawal from the administration has prompted a modest recovery to around $384 billion.
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Both Musk and Ellison’s net worth are heavily related to Tesla and Oracle stock prices, respectively.
