The co -founder of Oracle, Larry Ellison, has taken a richest throne in the world, so far occupied by the always controversial Elon Musk, driver of Telsa and Spacex. The strong rise in the Oracle Stock Exchange has had a direct impact on this ranking, favoring the manager. Oracle shares have shot 36.1% this Wednesday at Wall Street, up to 328 dollars, new historical maximum.
The glowing rise occurs after communicating the growth forecasts for the next years of its business of cloudof cloud storage, which will be driven by artificial intelligence (AI). The firm has announced that its portfolio of contracts in this area is close to 500,000 million dollars (about 428 billion euros), where it has achieved contracts with signatures such as Meta, Openai and XAI, Start-Up the latter promoted by Musk itself. With this high bag, Ellison’s fortune has increased by 101,000 million dollars (more than 86,000 million euros).
This advance in the parquet, according to Bloomberg Billionaires Index, places Ellison’s fortune at 393,000 million dollars, above 385,000 million Musk. The co -founder of Oracle, a good connoisseur of Spain, where years ago he was living several months while celebrating the Copa América de Vela in Valencia (he lived in his private yacht, the Rising Sun), already assaulted the second place of this ranking a few weeks ago, surpassing Mark Zuckerberg, Meta de Meta and Facebook co -founder.
According to Bloomberg, if the Oracle Stock Exchange climb is consolidated this Wednesday at Nasdaq, it will be the greatest increase in a single day of a fortune. Ellison has benefited from the rally of your company. Until yesterday, the shares accumulated a revaluation of 46% since the beginning of the year, which had taken the stock market capitalization of Oracle above 670,000 million dollars. This Wednesday, the market value of the historic database company, which in recent years has executed numerous acquisitions, could exceed 800,000 million.
Musk became the richest man in the world in 2021, then surpassing Jeff Bezos, founder of Amazon, and Bernard Arnault, the main shareholder of LVMH. Currently, the founder of Tesla has been in this position for 300 days. In its case, the stock market evolution of Tesla, which this year is left about 14%, has penalized its fortune.
In turn, the strong rise in the Nvidia Stock Exchange since the beginning of the year, despite the correction of recent weeks, has led its CEO and founder, Jensen Huang, to the top positions of the aforementioned Billione Index. In fact, it came to accumulate a fortune valued at almost 150,000 million dollars, surpassing veteran investors and managers such as Warren Buffet, Michael Dell and Bill Gates. Nvidia became the first company to overcome the four billion dollars in stock capitalization, thanks to the pull of artificial intelligence (AI).