There Have Been Some Unexpected Rotations In The World Of Billionaires

16.07.2025, 8:30
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Who has surpassed Zuckerberg and is "breathing down Musk's back"?

The artificial intelligence boom has lifted the founder of Oracle to second place among the richest people on the planet. Larry Ellison has overtaken Zuckerberg, and he has no plans to stop.

According to Bloomberg.

While everyone was watching Musk and the battle of the tech giants, Oracle secretly made a breakthrough. So now Oracle founder Larry Ellison has become the second richest man on the planet, surpassing Mark Zuckerberg.

According to the Bloomberg Billionaires Index, Ellison's fortune has reached $251.2 billion - all thanks to the meteoric rise of Oracle stock, which has nearly tripled since ChatGPT launched in November 2022.

What Happened

Oracle's stock price has surged more than 90 percent in the past three months, thanks to a series of big cloud deals.

The company's clients have included giants such as OpenAI and SoftBank, as well as U.S. government agencies. In recent days, Oracle shares additionally rose 5.7% when the US eased restrictions on chip exports to China - news that has also had a positive impact on chip makers, particularly Nvidia and AMD.

What's behind Ellison's wealth

More than 80% of Ellison's fortune is in Oracle stock and options.

He is 80 years old and is now actively rethinking where to put his money.

He recently announced that he is reformatting his involvement in the Giving Pledge (an initiative for billionaires to donate most of their wealth to charity) to focus on the Ellison Institute of Technology, an Oxford-affiliated technology institute that works on innovations in health care, energy, agri-tech and AI.

The latest ranking of billionaires

Ilon Musk remains at the top with $357.8 billion.

Zuckerberg is now at number three.

Jensen Huang (CEO of Nvidia) just passed Warren Buffett to enter the top 10 richest.

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