Larry Ellison Becomes World’s Second-Richest Person, Passing Jeff Bezos

Photo: Larry Ellison, Jeff Bezos (Instagram)

Larry Ellison, the Chairman of Oracle, has become the second-richest person in the world, overtaking Amazon founder Jeff Bezos. This change happened as Oracle's stock surged by 5.1% on Monday, continuing its strong performance.

Ellison's wealth grew by $8.1 billion since Friday, reaching $206 billion. Bezos, who had held the second spot for many years, is now worth $203 billion. Elon Musk, the CEO of Tesla, remains the richest person, with $251 billion.

Oracle’s recent stock increase comes after the company reported earnings that exceeded expectations. This helped boost its future revenue forecasts and contributed to Ellison’s rise in wealth. Oracle’s shares have gone up by 20% this month, marking one of its best months since 2022.

Photo: Larry Ellison (Instagram)

One reason for Oracle's success is its involvement in the growing field of artificial intelligence. Ellison shared that Oracle is building data centers to meet the increasing demand for AI technology. He mentioned that these centers will help with training large language models, a key part of AI development.

Additionally, Oracle recently partnered with Amazon’s cloud service and has similar agreements with Microsoft and Google. These partnerships are expected to strengthen Oracle’s position in the tech industry.

Read Next: Diddy Faces Serious Charges After Pushing For Transparency

Source: CNBC 

Comments

Post a Comment

Trending Now

WNBA Faces Backlash For Caitlin Clark Snub Before Playoffs

Image
Photo: Caitlin Clark (Instagram) The WNBA is facing criticism after making a surprising decision about Caitlin Clark ahead of the playoffs. The Indiana Fever, Clark's team, will play against the Connecticut Sun in the first round on Sunday.  Connecticut, ranked third, will host Indiana, who is ranked sixth, at Mohegan Sun Arena. Caitlin Clark has been a major reason for the WNBA's growth in viewership and attendance.  Many fans see her as the face of this surge in popularity. However, the WNBA's official account on X (formerly Twitter) surprised fans by not featuring Clark in its postseason graphic. Instead, they chose Kelsey Mitchell, another star player for the Fever, to represent the team. Photo: Caitlin Clark (Instagram) While Mitchell is a great player, many fans were confused and upset that Clark was left out. Some think the WNBA might be jealous of Clark's success, while others believe the league just doesn't understand how to market its stars. Caitlin Clark
Read More

Justin Bieber’s Concern For Billie Eilish Resurfaces Amid Diddy Controversy

Image
Photo: Justin Bieber, Billie Eilish (Instagram) Justin Bieber ’s 2020 interview about wanting to protect Billie Eilish from the dark side of the music industry is making headlines again, following the recent arrest of Sean “Diddy” Combs on serious charges. Bieber’s comments about shielding Eilish now seem more significant as people question whether his concerns were only about the industry in general or pointed toward figures like Diddy. In the 2020 interview with Apple Music’s Zane Lowe, Bieber, who became a superstar at just 14, opened up about how tough it was for him to handle fame at a young age. “I just want to protect her,” he said about Eilish. “I don’t want her to go through anything I went through. I don’t wish that upon anybody.” He spoke tearfully about feeling lost and unsupported, saying, “It was hard for me... and everyone telling me they loved me, and turn their back on you in a second.” Bieber, who had gone through very public struggles, said the pressures were “dark”
Read More

Caitlin Clark Gets A Black Eye In Her First WNBA Playoff Game

Image
Photo: Caitlin Clark (Instagram) Caitlin Clark made her WNBA playoff debut on Sunday against the Connecticut Sun. It was a tough game for Clark, as she struggled with her shooting early on.  The Sun quickly took control in the second quarter and didn’t let go of their lead. During the game, Clark was accidentally poked in the eye by DiJonai Carrington while passing the ball.  No foul was called, but by the end of the game, Clark had a noticeable black eye. This wasn't the first time Clark and Carrington had a run-in.  Photo: Caitlin Clark (Instagram) Earlier in the season, Carrington had mocked Clark for a flop.  Now, as the Indiana Fever get ready for Game 2, they will need to fight hard to keep their season alive. Caitlin Clark takes a finger to the eye, no call pic.twitter.com/lrGIIJH28R — Clark Report (@CClarkReport) September 22, 2024 Indiana Fever guard Caitlin Clark sporting a black eye after Game 1 loss to Connecticut Sun pic.twitter.com/oK8Fo00AHA — Ben Golliver (@BenGoll
Read More

Daniel Dubois Shocks Anthony Joshua With Knockout To Keep World Title

Image
Photo: Daniel Dubois (Instagram) In a surprising result, Daniel Dubois knocked out Anthony Joshua in the fifth round on Saturday to stay the IBF world heavyweight champion. The fight took place at Wembley Stadium in front of a record crowd of 96,000. Joshua, who was hoping to win the world title for the third time, started strong. However, Dubois gained control and delivered a powerful right punch to Joshua's chin in the fifth round, ending the fight just 59 seconds into the round. This upset was unexpected, as Joshua had won his last four fights, including a knockout victory over Francis Ngannou in March. Many thought Joshua would win and get a chance to fight the winner of the Tyson Fury and Oleksandr Usyk rematch in December. Photo: Daniel Dubois (Instagram) Joshua, now 34, has lost four times in 32 fights. He has a rematch clause and is expected to ask for a second fight. He could also fight the loser of Fury and Usyk’s rematch. After the fight, Joshua said, "Credit t
Read More

Travis Kelce To Retire From Chiefs And Become Head Coach of Cincinnati Bearcats

Image
Photo: Travis Kelce (Instagram) As the college football season heats up, changes are on the horizon for the Cincinnati Bearcats. The team, currently 3-1, is considering a new direction, and Travis Kelce , tight end for the Kansas City Chiefs, is poised to take over as head coach. Kelce, 35, has had a successful career in the NFL, but his performance has dipped recently. Last season marked the first time since 2016 that he did not reach 1,000 receiving yards. This year, he has struggled to make an impact, catching only four passes for 39 yards so far. With younger players like Rashee Rice and Xavier Worthy stepping up, the Chiefs seem to be preparing for a future without Kelce. As he approaches retirement, Kelce has shown interest in coaching, particularly at his alma mater, Cincinnati. Photo: Travis Kelce (Instagram) Current Bearcats coach Scott Satterfield has faced challenges in his tenure, leading the team to a disappointing 3-9 record last season. Although the team has started str
Read More

Anthony Joshua's Trainer Explains What Went Wrong Against Daniel Dubois

Image
Photo: Anthony Joshua (Instagram) Anthony Joshua 's trainer, Ben Davison, has shared how their game plan failed in Joshua’s defeat against Daniel Dubois at Wembley Stadium on Saturday night. Joshua, 34, tried to take control early, but Dubois, 27, dominated from the start. Dubois overwhelmed Joshua with a powerful attack, leading to Joshua being counted out after an intense exchange. This loss marked the fourth defeat in Joshua’s career, taking away his chance to become the undisputed world champion. Joshua started working with Davison in December, hoping to turn things around. Davison has trained some of the top boxers, including Tyson Fury . However, their plan against Dubois didn’t work out. Photo: Anthony Joshua (Instagram) “We wanted to take advantage of Dubois stepping back when he jabbed, but things didn’t go as planned,” Davison said after the fight. “We couldn’t get into our rhythm early.” Joshua had some success in the fifth round, but Dubois quickly responded, ending the
Read More

LeBron James Shares His Excitement About Playing With Son Bronny

Image
Photo: LeBron James (Instagram) LeBron James , the star of the Los Angeles Lakers, is looking forward to playing with his son, Bronny James , in the upcoming NBA season. This will be the first time a father and son play together at the professional level. LeBron has said that playing with Bronny is a dream come true. However, during a recent interview, he admitted that it feels different. In preseason workouts, he sometimes lost focus because he was watching his son prepare and play. He shared, “It’s one of the greatest things in the world to work with your kid. Being on the floor with Bronny for the first time as professionals was special. I had moments where I stopped to just watch him. It’s going to be an unbelievable year for both of us.” Photo: LeBron James (Instagram) LeBron also talked about how this season might help him enjoy the game more. He’s been playing in the NBA for over 20 years and knows he won’t play for two more decades. “With Bronny here, I think I’ll appreciate t
Read More

Tyson Fury Jokes About Losing £150 Million After Anthony Joshua’s KO Loss, Leaving Conor McGregor In Stitches

Image
Photo: Tyson Fury (Instagram) Tyson Fury had UFC star Conor McGregor laughing at ringside after Anthony Joshua was knocked out by Daniel Dubois in their big fight at Wembley Stadium. Fury, a two-time heavyweight boxing champion, was in London to watch the match between Joshua and Dubois. Many fans have been waiting for Fury and Joshua to face each other, and this fight could have brought them closer to that. Fury is set to fight Oleksandr Usyk again in December, and the winner will likely face last night’s victor. However, with Dubois knocking out Joshua in the fifth round, those plans might be ruined. The fight between Joshua and Dubois had the boxing world’s attention, with 98,000 fans packing Wembley Stadium. Most people expected Joshua to win, but Dubois came out strong, hitting hard from the start. He knocked Joshua down in the first round, and Joshua struggled to recover. Dubois knocked him down again in the third and fourth rounds. Joshua tried to fight back in the fifth, b
Read More

Derrick Rose Retires After 16-Year NBA Career

Image
Photo: Derrick Rose (Instagram) Former NBA MVP Derrick Rose has announced his retirement after a 16-year career. The 35-year-old shared his decision on social media, saying he is ready to focus on his family now. “I gave everything I had to basketball,” Rose said. “Now, it's time to give that same effort to my family.” Rose was a star from the start, joining the NBA as the first pick in the 2008 draft by his hometown team, the Chicago Bulls. He quickly made a name for himself with his exciting play and won the Rookie of the Year award. Photo: Derrick Rose (Instagram) In 2011, Rose became the youngest MVP in NBA history at just 22 years old. That season, he led the Bulls to a league-best record and helped them reach the Eastern Conference finals. Sadly, Rose's career took a major hit in 2012 when he tore his ACL during the playoffs. He missed the following season and struggled with injuries for much of his career. Rose played for several teams after his time with the Bulls, inc
Read More

Why 'AGT' Season 19 Winner Richard Goodall Won't Actually Win $1 Million Prize

Image
Photo: Richard Goodall (Instagram) America's Got Talent fans, let’s congratulate Richard Goodall, the season 19 winner! Richard, a former janitor, took home the top prize after competing in the final round against dog act Roni Sagi and the drone group Sky Elements. With help from judges Simon Cowell, Sofia Vergara, Heidi Klum, and Howie Mandel, viewers were excited to see Richard come out on top. However, there's a catch to the $1 million prize that fans may not know. Although host Terry Crews announced Richard’s big win, the full prize isn’t what it seems. At the end of each episode, a small disclaimer says that the prize is paid out over 40 years, or the winner can choose to take a smaller amount in cash upfront. According to a 2016 report from Forbes , if a winner takes the cash all at once, they might only get about $300,000 after taxes. If they choose to get paid over 40 years, they would receive $25,000 each year, before taxes. Photo: Richard Goodall (Instagram) Even thou
Read More