Larry Ellison outperforms Jeff Bezos, Mark Zuckerberg to become the second richest in the world amid the moment of “Oracle” water

Benzinga and Yahoo Finance LLC may earn commission or revenue on some elements through the links below.

Larry EllsonCo -founder and Chairman of the Board Oracle Corporation (Nasdak:Orcl), Transgress Jeff Bezos and Mark Zuckerberg To become the second most dangerous person in the world.

What happenedEllison’s net value increased by $ 26 billion to 243 billion dollars on Thursday, which represents the largest daily increase between any billionaire. This boom pushed the last Ellison Amazon(Nasdak:amznChairman of the Board of Directors, Jeff Bezos, with a net value of $ 227 billion, and Meta (NASDAQ:DeadCEO, Mark Zuckerberg, with a net value of $ 239 billion, according to L. Forbes. He now stands second with Tesla (Nasdaq:Timing) CEO Elon Musk.

Trending: Let your money make more intelligent: Echotrade allows you to follow and copy trading strategies from leading wealth managers. No hidden fees, no commitment.

The large increase in Ellison’s wealth came after an Oracle record reached more than $ 200 per share, following a strong profit report on Wednesday. The report revealed stronger profits and sales than expected for the financial quarter of the company ending in May.

Deutsche Bank Analyst Brad Zellnick It is called “profits” to update the moment of “water gatherings” for Oracle, which highlights the importance of Ellison’s vision of entering into a new era of cloud computing, especially because Oracle plays a major role in the progress of artificial intelligence technology.

TD Cowen analyst Derek Wood It is expected that the fiscal year for the year 2026, which begins this month, will be a “main turning point” to serve the company’s basic cloud infrastructure, driven by increasing demand for training work burden of artificial intelligence.

See also: Opening pro -level trading, without pro -level fees: Subscribe to general trade and trade at $ 0.59 for each side on futures and options, or take a tour of the platform for free.

Why do it matterFinancial success in the latter Oracle can be attributed to his strategic position in the global artificial intelligence race. As shown in the results of the fourth quarter profits, the President of Oracle, Larry Ellison, stressed the company’s competitiveness in its deep integration within the structure of institutions data. This has allowed Oracle to compete successfully against other giants in this field.

Oracle shares were obtained after the company informed better financial results than expected in the fourth quarter and issued an optimistic comment. The company recorded the fourth -quarter revenues of $ 15.9 billion, an increase of 11 % compared to estimates of $ 15.58 billion, and modified profits of $ 1.70 compared to estimates of $ 1.64. Oracle led to the total revenue of at least $ 67 billion in the fiscal year 2026. This standard cloud growth has fueled Oracle AI’s aspirations.