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the second richest man in the world changed hands briefly! oracle founder ellison's wealth once surpassed bezos

2024-09-14

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cailianshe news, september 14 (editor: bian chun)as shares of cloud computing and database software maker oracle continue to rise, so too has the wealth of oracle founder and chairman larry ellison.

on friday, oracle's stock price opened up 7.8%, setting a record high, with a total market value of us$480 billion, and closed slightly higher at us$162.03.

that helped ellison's net worth briefly surpass that of amazon founder jeff bezos on friday, making him the world's second-richest person.

according to forbes' real-time billionaire rankings, ellison's net worth reached $208.4 billion shortly after the u.s. stock market opened that day, then dropped to $197 billion. bezos' net worth was $204 billion. tesla ceo elon musk ranked first with $252 billion in assets.

oracle on thursday raised its revenue forecast for fiscal 2026 and released an optimistic forecast for fiscal 2029 due to the optimistic outlook for cloud revenue. the company expects revenue of at least $66 billion in fiscal 2026, higher than the $64.5 billion analysts generally expected. looking ahead to fiscal 2029, the company's revenue will exceed $104 billion, breaking the $100 billion mark.