Oracle co-founder and Chairman Larry Ellison has become the world&rsquo;s second richest person, overtaking Meta&rsquo;s Mark Zuckerberg and Amazon&rsquo;s Jeff Bezos, after a sharp rally in Oracle&rsquo;s stock post strong earnings.
According to Forbes' real-time billionaire list updated June 15, Ellison&rsquo;s net worth has soared to $258.8 billion, putting him just behind Elon Musk, who remains the richest at $410.8 billion.
Just two months ago, Ellison was ranked fourth with $192 billion. The $66.8 billion increase in his fortune comes mainly from Oracle&rsquo;s stock jump, fueled by strong quarterly results. The company reported $1.70 per share in earnings on $15.9 billion in revenue, sending shares to $200.
Oracle is also playing a key role in the U.S. government&rsquo;s AI initiative&mdash;Project Stargate&mdash;under President Donald Trump, alongside OpenAI and SoftBank. Ellison has positioned Oracle as a major player in AI infrastructure.
At 80, Ellison continues to serve as Oracle&rsquo;s Chairman and CTO. He founded the company in 1977 and led it as CEO until 2014. Notably, the company made headlines in 2021 with its $28.3 billion acquisition of health tech firm Cerner.
Ellison now ranks ahead of Zuckerberg ($235.7B), Bezos ($226.8B), and Warren Buffett ($152.1B), marking a dramatic shift in billionaire standings.
[Except for the headline, this article has not been edited by the Benefit News editorial team and is published directly from the IANS news feed.]
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Larry Ellison Becomes World’s 2nd Richest, Surpasses Bezos

Oracle shares surge, boosting Ellison’s net worth to $258.8B—only behind Elon Musk globally

Larry Ellison Becomes World’s 2nd Richest, Surpasses Bezos

Oracle shares surge, boosting Ellison’s net worth to $258.8B—only behind Elon Musk globally

June 15, 2025 | 20:41 IST