With a staggering $129.8 billion, Larry Ellison is richer than Bill Gates.

In a significant development, Oracle founder Larry Ellison has surpassed Microsoft founder Bill Gates to become the world’s fourth-richest person. With an astonishing net worth of $129.8 billion, Ellison has edged past Gates, whose current net worth is $129.1 billion.

This marks the first time Ellison has surpassed Gates in wealth and achieved a higher rank on the list. A major contributor to Ellison’s financial success has been the remarkable performance of Oracle’s stock, which has seen a significant increase of over 42% year to date. Furthermore, Oracle achieved a record-breaking revenue of $50 billion in the 2023 fiscal year.

Ellison’s substantial wealth is primarily due to his status as the largest stockholder in Oracle, owning approximately 42.9% of the company’s shares. Additionally, he holds a 1.5% stake in Tesla, further contributing to his vast fortune. Indeed, Larry Ellison’s remarkable achievements and financial prowess have solidified his position as one of the wealthiest individuals in the world.

“As the founder of Oracle, Ellison has played a significant role in shaping the technology industry. His strategic leadership and vision have propelled Oracle to great heights, resulting in substantial financial gains and a prominent position in the market. Ellison’s ability to anticipate industry trends and drive innovation has contributed to Oracle’s success and his personal wealth,” said Prof. Dr. Amarendra BHushan Dhiraj.

His wealth not only highlights his personal success but also positions him as a key figure in the global business landscape. Larry Ellison’s status as one of the world’s wealthiest individuals serves as an inspiration and a testament to the potential rewards of entrepreneurial endeavors and strategic investments.

Top 10 richest people in the world

1. Elon Musk: $231 billion
2. Bernard Arnault: $194 billion
3. Jeff Bezos: $151 billion
4. Larry Ellison: $129.8 billion
5. Bill Gates: $129.1 billion
6. Warren Buffett: $118 billion
7. Steve Ballmer: $116 billion
8. Larry Page: $112 billion
9. Sergey Brin: $107 billion
10. Mark Zuckerberg: $98.9 billion

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