Derek Saul is a New Jersey-based Senior Reporter on Forbes' news team. He graduated in 2021 from Duke University, where he majored in Economics and served as sports editor for The Chronicle, Duke's student newspaper, joining Forbes soon thereafter.
rally from software giant Oracle propelled its chairman Larry Ellison to the second spot on Forbes’ rankings of the wealthiest people on the planet briefly on Friday, joining hisEllison’s net worth rose by $11 billion shortly after market open, jumping from $197 billion to as high as $208.4 billion amidst by far the largest daily jump in net worth for any billionaire Friday.
That hurdled Ellison past Amazon founder and chairman Jeff Bezos to become the second-richest person in the world, with Ellison’s fortune now only trailing that of Tesla CEO Musk . The rise in the fortune of Oracle cofounder and chairman Ellison came as shares in the cloud computing titan climbed by as much as 7.8% Friday to a new all-time high.
Bezos overtook Ellison as Friday trading progressed and Oracle stock’s gains pared to about 2%, with Ellison’s net worth down to about $202 billion by time of publication.$36 billion. That’s about how much richer Ellison was at his Friday peak than he was at the end of last week, when he was worth $172.7 billion and occupied the fifth spot on Forbes’ billionaire list, also trailing Facebook cofounder Mark Zuckerberg and European luxury tycoon Bernard Arnault.
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