NEW DELHI: Larry Ellison surpassed Jeff Bezos to become the world’s second-richest person, driven by a $26 billion surge in his net worth following Oracle’s strong earnings report. Ellison’s total wealth reached $243 billion, exceeding Bezos’ $227 billion and Zuckerberg’s $239 billion. Elon Musk remains the wealthiest individual with $407.3 billion.
Amazon founder and former CEO Jeff Bezos has lost his world’s second richest title to Oracle’s Larry Ellison. According to Forbes’s World’s Billionaires List, Ellison added a staggering $26 billion to his net worth on Thursday – June 12, pushing his total wealth to $243 billion — the largest single-day gain by any billionaire. The surge places Ellison ahead of Amazon chairman Jeff Bezos ($227 billion) and Meta CEO Mark Zuckerberg ($239 billion), making him the world’s second-richest person, trailing only Tesla CEO Elon Musk. According to Forbes, Musk has a total worth of $407.3 billion.
The increase in Ellison’s fortune follows Oracle’s blockbuster earnings for the quarter, announced at the investors call earlier this week. The company’s stock soared past $200 for the first time after reporting better-than-expected revenue and profit for the quarter ending in May.
Jeff Bezos first became world’s second richest person in 2017
Amazon co-founder Bezos became the second richest person on the planet. His personal fortune then jumped to $75.6 billion following a rise in Amazon’s stock. The e-commerce founder then surpassed investor Warren Buffett.
Jeff Bezos lost his title of world’s second richest person to Meta CEO Mark Zuckerberg in October 2024. His net worth rose by $78 billion to $206.2 billion then, topping Bezos’ $205.1 billion net worth.
World’s richest man Elon Musk gets richer by $191 million
Earlier this week, Elon Musk’s net worth saw a notable increase of $191 million, reaching $411.4 billion, shortly after he publicly expressed regret for his critical social media posts directed at President Donald Trump. The apology, posted on X (formerly Twitter), followed a brief phone call between Elon Musk and Donald Trump, signalling a potential reconciliation after days of heated exchanges. Musk’s dispute with Trump began when he criticised a Trump-backed bill, calling it “The Big Ugly Bill” after stepping down from the advisory role to the administration. The disagreement escalated, with Musk posting a series of harsh comments about Trump, some of which he later deleted.
Agencies