Snatch Mark Zuckerberg the title denote is the result of chance or albur. At 80, Larry Ellison, co -founder of Oracle, has catapulted the top of the Bloomberg wealth index with a heritage of 251.2 billion dollars.
Still far from dethroning Elon Musk – who heads the list with a fortune of 366,000 million dollars – Larry Ellison has surpassed other magnates such as Jeff Bezos (243,000 million) and Steve Ballmer (174,000 million). Its empire is argued that represents 80% of its heritage in the form of stocks and stock options. The technological giant has experienced a remarkable impulse since 2022, largely thanks to the rise of artificial intelligence and the prominence of tools such as Chatgpt. This boom has raised the demand for cloud infrastructure, allowing Oracle to triple the value of its actions in a short period.
But the real boom has occurred in the last three months, in the midst of the comings and goings of the president of the United States, Donald Trump, and his erratic trade war marked by tariffs: Oracle’s actions have risen more than 90% since the end of April. The stock market jump has been driven by a significant increase in key strategic income and alliances.
Who is Larry Ellison?
Far from the fruits harvested in the last five years, the question that emerges is: how has Ellison achieved a heritage that exceeds 250,000 million dollars? Before an entrepreneur, he was passionate about programming and computer science, an eagerness for technology that in a way explains his business projection. After a purely testimonial step by several companies, he founded in 1977 Oracle with Ed Oates and Bob Miner. At present, the firm is leader in the software sector, becoming famous for its database, which supports many of the world’s largest corporate operations.
After almost four decades at the head of Oracle, Ellison ceased the position in 2015. Even so, the American has more than 40% of the multinational, as well as a participation in Tesla, a sailing team, the Indian Wells Tennis Tournament and several properties, including Lanai Island in Hawaii.
Why does Oracle live your best moment?
Oracle has invested billions of dollars in recent years to position itself as a key provider of cloud infrastructure, offering computation and storage power over the Internet. That bet has made it one of the great beneficiaries of the market fervor for AI, especially as startups and large technological firms seek greater capacity to train advanced models on the way to strengthen AI agents.
Since the launch of ChatGPT in November 2022, Oracle has experienced an upward trend that seems to have no end. This rebound has generated solid income, leading to key associations in the field of artificial intelligence. According to Bloomberg, Openai has agreed to rent an unprecedented computational capacity to Oracle to develop increasingly powerful tools.
Ellison has also managed to capitalize on his proximity to Donald Trump. Supporter and donor of the Republican Party for years, the tycoon has been favored by the Republican after his return to the White House in January, with adulses included by the President. In addition, an ambitious infrastructure project valued at 500,000 million dollars and promoted by the Republican.
In addition, the company has received support to acquire participation in the American Tiktok business, which would give access to one of the most popular consumer products in the world. Although the operation has the support of the US government, it is still pending approval by the Chinese authorities.
What other businesses do Ellison invest?
In the last decade, Larry Ellison has spent hundreds of millions of dollars on luxury properties. Among them, several residences in Malibu and Rancho Mirage (California), the Beechwood mansion in Newport (Rhode Island) and a farm in the San Francisco Bay designed in the style of the Japanese feudal architecture of the 16th century.
It has also been a relevant shareholder of Tesla, with approximately 1.5% participation according to the 2022 vote statement. Although it resigned from the company’s board of directors in June of that year, it has not been revealed whether it retains its participation. In addition, he was one of the main external financatives of the purchase of Twitter, currently X, by Elon Musk.
What interests is outside the technological world?
The founder of Oracle is known for leading a life marked by luxury. Since 2003, Ellison has financed his leisure through debt, sale of shares and dividends, which have exceeded 12,000 million dollars, according to data collected by Bloomberg.
Navigation lover, he was one of the investors of the BMW Oracle Racing team, who won the Copa América in 2010. That same year he sold his megayate Rising Sun, 138 meters, to billionaire David Geffen. In 2010 he signed the Giving Plenge, committing to donate at least 95% of his fortune to philanthropic causes.
