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Watch out Elon. He's gaining on you.
Larry Ellison is still not the world's richest personhttps://www.theregister.com/2025/06/13/larry_ellison_second_richest_person/
Oracle co-founder and CTO Larry Ellison has reclaimed the No. 2 spot on Forbes's real-time billionaire list, trailing only Elon Musk after leapfrogging Mark Zuckerberg and Jeff Bezos.
Thanks to better-than-expected results from Oracle's fiscal fourth quarter ended in May 31, shares jumped 14%, and Ellison's net worth surged roughly $25 billion to $242 billion by midday Thursday, marking the largest single-day gain on Forbes's real-time billionaire list.
On the June 12 earnings call, he told investors demand for cloud was "astronomical" and "insatiable," even quoting one customer: "We'll take all the capacity you have, wherever it is."
Oracle’s share of the cloud market stands at around 3 percent, well behind AWS, Microsoft Azure, Google Cloud, and China’s Alibaba.
Ellison co-founded Oracle, initially called Software Development Laboratories (SDL), nearly 50 years ago. Its initial product was a relational database based on the then-new relational model, pioneered by IBM’s Edgar Codd. IBM already had a successful database at the time — the hierarchical IMS — affording Oracle the opportunity to exploit the market for relational databases, which still dominate today. Oracle built an enterprise application portfolio largely by acquisition, most notably the protracted, hostile 2005 takeover of PeopleSoft in 2005, after the HR and finance software outfit had acquired JD Edwards in 2003.
...
Thanks to better-than-expected results from Oracle's fiscal fourth quarter ended in May 31, shares jumped 14%, and Ellison's net worth surged roughly $25 billion to $242 billion by midday Thursday, marking the largest single-day gain on Forbes's real-time billionaire list.
On the June 12 earnings call, he told investors demand for cloud was "astronomical" and "insatiable," even quoting one customer: "We'll take all the capacity you have, wherever it is."
Oracle’s share of the cloud market stands at around 3 percent, well behind AWS, Microsoft Azure, Google Cloud, and China’s Alibaba.
Ellison co-founded Oracle, initially called Software Development Laboratories (SDL), nearly 50 years ago. Its initial product was a relational database based on the then-new relational model, pioneered by IBM’s Edgar Codd. IBM already had a successful database at the time — the hierarchical IMS — affording Oracle the opportunity to exploit the market for relational databases, which still dominate today. Oracle built an enterprise application portfolio largely by acquisition, most notably the protracted, hostile 2005 takeover of PeopleSoft in 2005, after the HR and finance software outfit had acquired JD Edwards in 2003.
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There can be enough wealth for everybody, but there can never be enough power and notoriety for everybody.
