Oracle founder Larry Ellison is reaping the benefits of artificial intelligence popularity, edging past Microsoft founder Bill Gates to land the number four spot on the Bloomberg Billionaires Index…
Ellison is now the world’s fourth-richest person, with a staggering $129.8 billion net worth, Bloomberg reported. He just squeaked past Gates, whose net worth — Bloomberg reported — is currently $129.1 billion. It’s the first time Ellison is richer than Gates and ranked above No. 5 on the list, the outlet reported.in 2014, though he didn’t leave the company. He then became the technology company’s chairman and chief technology officer and has accumulated most of his wealth from his stake in it.
Oracle’s stock has risen more than 42% year to date and is currently trading at $116.50 as of Monday market close. Oracle earned a record $50 billion revenue in the 2023 fiscal year, according to company earnings released Tuesday. The company’s infrastructure business and cloud services led the growth, CEO Safra Catz
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Larry Ellison edges past Bill Gates as world's fourth-richest person, Bloomberg says | CNN BusinessOracle founder Larry Ellison is reaping the benefits of artificial intelligence popularity, edging past Microsoft founder Bill Gates to land the number four spot on the Bloomberg Billionaires Index on Monday, according to Bloomberg.
Read more »
Larry Ellison's wealth beats Bill Gates for first time thanks to AI boomBillionaire Larry Ellison's fortune beats Bill Gates for the first time as Oracle gets a boost from the AI craze
Read more »
'Winning Time' Season 2 Trailer: Magic Johnson and Larry Bird Square OffThe firsst trailer for WinningTime Season 2 reveals a summer release date and Magic Johnson and Larry Bird’s epic rivalry. Watch it now:
Read more »
Presidential candidate Larry Elder discusses welfare, education, CRT -SAN DIEGO (KUSI) – Larry Elder, former California gubernatorial candidate and current candidate running for the 2024 GOP presidential nomination, joined KUSI’s Hunter Sowards and Logan Byrnes on Monday to discuss his platform. He asked KUSI viewers if they’ve lost friends and become estranged with family members over the controversy surrounding Donald Trump. While Elder aligns himself with Trump’s policies...
Read more »
Green water and shuttered gates: Why half of Jacksonville’s community pools are currently closedThe pools were opened earlier this month, but when News4JAX checked them on Monday, we found pools shuttered and even one with green water.
Read more »