Oracle CEO Larry Ellison reclaimed his spot among the world’s two richest people after a remarkable earnings report boosted shares to an all-time high. The company’s stock surged 13% on Thursday and another 7% on Friday, valuing it at over $215 per share. This impressive gain catapulted Ellison’s net worth to $258 billion, surpassing Amazon chairman Jeff Bezos and Meta CEO Mark Zuckerberg.
Ellison’s resurgence can be attributed to the company’s strong earnings report, which revealed higher-than-expected profits ($1.70 adjusted earnings per share) and sales ($15.9 billion revenue). Deutsche Bank analyst Brad Zelnick described the earnings update as a “watershed” moment for Oracle, highlighting its position in the growing AI arms race.
Oracle’s future looks promising with its 2026 fiscal year set to become a “major inflection point” for its core cloud infrastructure service. TD Cowen analyst Derrick Wood predicted that massive demand for AI training workloads will drive growth. Ellison owns around 41% of Oracle, which he co-founded in 1977. The billionaire has maintained a public presence through various endeavors, including his involvement with Tesla’s board of directors and a recent joint venture with OpenAI to boost the US’ AI push.
Oracle’s market capitalization has increased by over $104 billion in the last two trading sessions, surpassing that of Intel or Nike. With this significant gain, Ellison now trails only Elon Musk ($414 billion net worth) as the world’s richest person.
Source: https://www.forbes.com/sites/dereksaul/2025/06/13/larry-ellison-40-billion-richer—surpassing-bezos-and-zuckerberg—as-oracle-stock-mounts-big-rally