CWEB News Report – Oracle founder Larry Ellison has reclaimed his position as the world’s second-richest person, according to the latest Forbes Billionaires List. Fueled by the ongoing AI boom and soaring demand for cloud computing, Oracle stock surged to approximately $215 per share, adding tens of billions of dollars to Ellison’s net worth between Wednesday and Friday. This remarkable rise propelled him past Amazon founder Jeff Bezos and Meta CEO Mark Zuckerberg, securing his spot just behind his close friend, Tesla and SpaceX CEO Elon Musk.
According to CWEB News analysts, the 80-year-old tech mogul’s fortune skyrocketed by over $40 billion in just two days, reaching an estimated $258 billion. Ellison reportedly gained an astonishing $25 billion on Thursday alone, followed by another $16 billion on Friday—marking the largest two-day wealth increase ever recorded for any billionaire.
Oracle’s impressive earnings report, released Wednesday afternoon, played a pivotal role in this financial surge. The cloud computing giant reported adjusted earnings of $1.70 per share and revenue of $15.9 billion, both surpassing market expectations. CWEB Business News notes that demand for Oracle’s cloud infrastructure services—especially for AI training workloads—continues to rise, solidifying the company’s position as a key player in the enterprise software and AI sectors.
Ellison, who co-founded Oracle in 1977, owns approximately 40% of the company’s stock. Beyond his tech empire, he is a well-known political donor, particularly to GOP candidates, and previously served on Tesla’s board from 2018 to 2022. Earlier this year, CWEB News reported Ellison appeared alongside former President Donald Trump at the launch of Stargate—a groundbreaking AI venture between Oracle, OpenAI (led by Sam Altman), and SoftBank, designed to advance U.S. leadership in artificial intelligence.
While Ellison’s net worth continues to rise, he still trails Elon Musk, whose fortune currently stands at approximately $414 billion. Nevertheless, with AI and cloud computing accelerating Oracle’s growth, CWEB News predicts that Ellison’s influence—and wealth—will continue to be a dominant force in global business.
Stay tuned to CWEB Business News for the latest updates on technology, finance, and billionaire rankings.
Celebrity WEB Update— Premier Jewelry designer and manufacturer, fashion house ParisJewelry.com has started manufacturing a new custom line of celebrity jewelry designs with 30% Off and Free Shipping. Replenish Your Body- Refilter Your Health with OrganicGreek.com Vitamin Bottles, Vitamins, and Herbs. Become a WebFans Creator and Influencer. Check the New Special XMicro Razors for Men & Women, 1 Razor, 7 Blade Refills with German Stainless Steel, Lubricated with Vitamin E for Smooth Shave, Shields Against Irritation, Version X Men|Women
