Larry Ellison, the co-founder of Oracle, witnessed an unprecedented $26 billion surge in his net worth on June 12, following a sharp rally in Oracle’s stock. This historic single-day gain elevated the 80-year-old billionaire to the second position on Forbes’ real-time billionaires list, placing him ahead of Jeff Bezos ($228 billion) and Mark Zuckerberg ($239 billion). Ellison’s fortune now totals $243 billion, trailing only Elon Musk, who leads with $407 billion.
The wealth spike came after Oracle released a quarterly earnings report that beat Wall Street expectations. The company posted adjusted earnings of $1.70 per share on revenue of $15.9 billion. Initially, Oracle stock dipped by 13% after the announcement, but investor confidence quickly returned, propelling shares to a record high closing price of $200. The surge reflects growing investor faith in Oracle’s long-term prospects, particularly in the AI space.
Ellison’s wealth surpasses national economies
According to estimates by the International Monetary Fund (IMF), Ellison’s net worth now exceeds the GDP of several countries. His fortune places him in a financial category more commonly associated with sovereign nations than individual entrepreneurs, underscoring the scale of Oracle’s recent success and Ellison’s deep influence in the tech sector.
Larry Ellison co-founded Oracle in 1977 and has been a major force in Silicon Valley for decades. He served on Tesla’s board of directors from 2018 to 2022, cementing ties with some of the biggest names in technology.
His ventures go far beyond software. In 2012, Ellison famously purchased 98% of the Hawaiian island of Lanai for $300 million. He has also been active in collegiate sports philanthropy, playing a key role in bringing a star quarterback to the University of Michigan, where his wife, Kere Zhu, is an alumna.
Ellison at the forefront of AI strategy
In January, Ellison stood alongside US President Donald Trump during the unveiling of Stargate, a strategic AI initiative backed by Oracle, SoftBank and OpenAI. The project aims to advance America’s dominance in artificial intelligence by building scalable, next-generation infrastructure. It’s another example of how Ellison continues to blend business innovation with national-level influence.
Larry Ellison’s latest leap in wealth highlights not just the financial momentum behind Oracle, but also his enduring clout in the global tech ecosystem. His ascent is emblematic of how AI and digital transformation are reshaping both markets and personal fortunes at an unprecedented pace.