Oracle co-founder Larry Ellison has surged to the number two spot in Forbes’ billionaire rankings list after his cloud-computing business’s stocks skyrocketed, catapulting him past Jeff Bezos and Mark Zuckerberg. His net worth now stands at $250.9 billion, just shy of Elon Musk’s $405.8 billion fortune.
Ellison’s wealth swelled by over $40 billion in a matter of days, with his shares in Oracle comprising approximately 41% of the company’s total value. The cloud-computing mogul’s net worth rose by $25 billion on Thursday and another $16 billion on Friday, making it one of the largest daily surges in billionaire net worth last week.
The recent earnings report triggered a massive stock price surge for Oracle, with its shares soaring 13% just one day after the figures were released. The report showed Oracle’s total revenue for the 2025 fiscal year rose by 8%, reaching $57.4 billion, and exceeded Wall Street’s expectations. Ellison’s net worth surged by an 11-figure amount as a result.
Ellison is optimistic about the future of his company, citing “massive demand for AI training workloads” in its cloud infrastructure services for the upcoming fiscal year starting this month. He expressed confidence that Oracle will become the number one cloud database company and prospered in the new era of cloud computing and AI.
With a significant gap between his net worth and Musk’s, Ellison has his work cut out for him if he hopes to surpass his friend and fellow billionaire. Despite falling short, Ellison remains close friends with Elon Musk, with whom he shares big personalities and entrepreneurial success.
Source: https://fortune.com/2025/06/18/oracle-larry-ellison-second-richest-person-billionaire-zuckerberg-musk-bezos-stocks-wealth