"Larry Ellison became the second richest person in the world as his net worth hit $251 billion, surpassing Mark Zuckerberg, while trailing Elon Musk at $358 billion."
"Oracle's revenue has grown significantly, from $38 billion a decade ago to $53 billion projected for 2024, establishing it as one of the top AI companies globally."
"Ellison owns 48% of Oracle's stock, which has seen a 41% rise this year, making Oracle's market cap reach $658 billion, ranking it as the 16th most valuable company."
"With his wealth, Ellison has been able to fund luxury pursuits, including owning a 454-foot yacht and 98% of the Hawaiian island of Lanai, bought for $300 million."
Larry Ellison became the second richest person globally recently, overtaking Mark Zuckerberg with a net worth of $251 billion. He founded Oracle Corp. in 1977, which is now a leading cloud computing and database company. Oracle's revenue is projected to grow from $38 billion a decade ago to $53 billion in 2024, establishing its reputation as a top AI company. Ellison owns 48% of Oracle's stock, which has risen 41% this year, leading to a market cap of $658 billion. He enjoys a luxurious lifestyle due to his wealth.
Read at 24/7 Wall St.
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