Larry Ellison Reclaims Second Spot Among World’s Richest
In a recent turn of events, Larry Ellison has reclaimed his position as the world’s second-richest person. This shift occurred as shares of Oracle saw an increase, while Google’s parent company Alphabet experienced a slight decline in stock value. These developments come amid fluctuating market conditions.
Larry Ellison’s Financial Highlights
On Thursday, Ellison’s fortune surged by $5.2 billion, bringing his estimated net worth to $264.8 billion. This puts him ahead of Google cofounder Larry Page, who saw a decrease in his wealth by $2.4 billion, leaving him with a net worth of $259.7 billion.
Stock Market Movements
- Oracle shares rose 2% to approximately $212 by 12:35 p.m. EST.
- This increase followed a 3.3% gain the previous day.
- Oracle is expected to release its second-quarter results on December 10.
- Shares of Alphabet fell 1% to just over $316 after previously surging.
- The stock had jumped 84% from August 1 to September 10, peaking at $345.72.
Current Rankings Among the Wealthy
Following these financial adjustments, the current rankings among the world’s wealthiest individuals are as follows:
| Rank | Name | Net Worth (in billions) |
|---|---|---|
| 1 | Elon Musk | $493.6 |
| 2 | Larry Ellison | $264.8 |
| 3 | Larry Page | $259.7 |
| 4 | Jeff Bezos | $239.8 |
| 5 | Sergey Brin | $239.6 |
Sergey Brin is now in fifth place, having briefly surpassed Ellison after a recent surge in his wealth. Meanwhile, Jeff Bezos is in fourth with an estimated net worth of $239.8 billion. The fluctuations in the tech industry continue to play a significant role in these rankings, as investors react to various earnings reports and economic shifts.
