The founder of Oracle software company, 81-year-old Larry Ellison, has overtaken the ranking of the world’s richest people of technology billionaire Elon Musko. According to Bloomberg calculations, the value of his assets after the jump price increase at the start of trading in the US on Wednesday increased by about $ 100 billion (EUR 85.15 billion) to $ 393 billion while The value of Musk’s property was around $ 385 billion. TASR informs this based on the DPA report.
In the Forbes magazine, Muska, which currently appreciates $ 463 billion, is still the first place to find the founder of Tesla. Ellison’s assets consist mainly of a share of 40 % in Oracle. In the case of Muska, it is mostly a share in Tesla, but in his case, it must also be counted in non -cornerstime entities such as SpaceX space company or XAI, which deals with artificial intelligence (AI).
Oracle shares in early US trading temporarily increased by up to 40 %. The technology concern has previously announced that sales in its cloud service division in the past quarter increased by 55 % year -on -year to $ 3.3 billion. For the entire current financial year, the company expects an increase in sales of 77 % to $ 18 billion. For the financial year up to 2030, the company has aimed to increase Oracle Cloud Infrastructure sales to $ 144 billion. The main source of growth is the strong demand by businesses that are devoted to artificial intelligence. (1 EUR = 1,1744 USD)
