Larry Ellison Reclaims World’s Second-Richest Title as Oracle Shares Surge

Oracle founder Larry Ellison is once again the world’s second-wealthiest person. His net worth jumped over $5 billion in a single day this week. The surge came as Oracle’s stock price climbed sharply.

This move pushed him past Alphabet co-founder Larry Page. The shift highlights the intense volatility in tech billionaires’ fortunes. It is all tied directly to their company’s stock performance.

Oracle Stock Momentum Fuels Massive Wealth Gain

Oracle shares rose 2% on Thursday. This followed a 3.3% gain the previous day. The rally was sparked by the company announcing its upcoming earnings date.

According to Forbes, Ellison’s net worth reached $264.8 billion. His 41% stake in Oracle drives nearly all of this wealth. A single day’s trading can now shift the global rankings by billions.

Investor confidence is high ahead of Oracle’s fiscal Q2 report. The company is deeply focused on expanding its AI cloud infrastructure. This strategic push is attracting significant market attention.

Alphabet Rally Cools, Toppling Page from Second Place

Larry Page briefly held the number two spot last week. Alphabet’s stock had an incredible run from August to September. However, shares cooled by about 1% on Thursday.

This slight dip erased $2.4 billion from Page’s fortune. His net worth now sits at approximately $259.7 billion. The $5 billion gap with Ellison emerged almost overnight.

The change shows how tightly packed the top five billionaires are. Their rankings are in constant flux. Stock market closes in New York now directly decide the daily order.

AI Infrastructure War Reshapes Tech Titan Fortunes

The core driver behind Oracle’s rise is artificial intelligence. Ellison has committed the company to a massive AI infrastructure build-out. He announced a $500 billion initiative for a new venture called Stargate.

Oracle is racing against Google, Amazon, and Microsoft for AI data center capacity. Wall Street is rewarding this aggressive strategy. Each positive update sends Oracle’s stock, and Ellison’s wealth, higher.

This isn’t just about software anymore. It’s a physical battle to build computing power. The winners of this infrastructure war will likely dominate the next decade.

Larry Ellison’s net worth milestone underscores a new era where AI infrastructure is the key to supreme valuation and personal fortune. The battle for second place is a proxy for the larger tech war.

Thought you’d like to know

How did Larry Ellison get so rich?

His wealth comes almost entirely from his 41% ownership stake in Oracle, the software giant he co-founded. The company’s stock price has soared recently due to its aggressive push into artificial intelligence cloud infrastructure.

Who is currently the richest person in the world?

Elon Musk remains the world’s richest person by a wide margin, with a net worth near $494 billion. His wealth derives from his holdings in Tesla and SpaceX, putting him far ahead of Ellison and Page.

Why is Oracle stock rising so much?

Oracle stock is rising due to strong investor confidence in its AI strategy. The company is making huge investments to build data centers specifically for AI workloads, positioning it as a key competitor to larger cloud providers.

Could Larry Page regain the number two spot?

Absolutely. Given the small wealth gap and daily stock volatility, Page could easily move back ahead if Alphabet shares have a positive trading day while Oracle’s are flat or down. The ranking changes frequently.

What is Oracle’s “Stargate” project?

Reportedly, “Stargate” is a $500 billion AI infrastructure initiative. It represents Oracle’s massive bet on building the computing capacity needed to train and run advanced artificial intelligence models, competing directly with tech giants.