Larry Ellison has overtaken Bill Gates for the first time in the list of rich
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Ellison stepped down as Oracle’s CEO in 2014. But he did not leave the company. He then became the chairman and chief technology officer of the company. He has a 42.9 percent stake in Oracle. Oracle shares have gained 42 per cent this year. In the last financial year, the company achieved a revenue of $ 50 billion. Oracle has benefited from investing in AI. It has invested in OpenAI competitor Cohere. Ellison’s net worth has grown at rocket speed with the rise in AI stocks.
who is on top
Meanwhile, Tesla CEO Elon Musk is at number one in the list of the world’s rich with $ 225 billion. On Monday, his net worth increased by $ 3.88 billion. Bernard Arnault of France is at number two with a net worth of $192 billion. Amazon founder Jeff Bezos has a net worth of $150 billion and is at number three in the list of the world’s richest. Warren Buffett ($117 billion) is sixth, Steve Ballmer ($115 billion) seventh, Larry Page ($112 billion) eighth, Sergey Brin ($106 billion) ninth and Mark Zuckerberg ($98.8 billion) at number ten. Mukesh Ambani ($ 85.5 billion), the biggest billionaire in India and Asia, is at number 13 and Gautam Adani ($ 62.4 billion) at number 19.
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