Today has been a good day to Oracle. The value of your actions in the NYSE He has shot in the early hours of Wednesday, so much that he owns Larry Ellisonco -founder of the company, has increased until it becomes The richest man in the world. Ellison unbridled this position to the controversial Elon Musk.
Ellison has a 42% of the company’s sharesa participation that today has a value of 393,000 million dollars (365,000 million euros). This has placed him ahead of the fortune of Musk, estimated at 384,000 million dollars (357,000 million euros). The shares have seen its value after the company presented better financial results than expected.
According to The Guardian, the jump in the price that Oracle has given is the Greater ascent in a single day that he has had in his history and is also the Greater daily richness increase registered in the Bloomberg index.
Oracle and the technological billionaire have reached these milestones after the company’s shares rose more than 40% in openingstanding in the 340 dollars (316 euros) by title. This brought the valuation of the company to 958,000 million dollars (891 billion euros) and allowed the part of Ellison to exceed, although by little, to the fortune of Musk.
Oracle is not the only source of Ellison’s wealth. It also has participation in Teslacompany whose board of directors was between 2018 and 2022, a candle team, the tennis tournament Indian Wells Open and the island Lanaithe sixth major of the Hawaii archipelago, according to Bloomberg.
Ellison, from 81 yearsfounded Oracle in 1977 along with Bob miner and Ed Oates And he served as Executive Director since then and until 2015. At the beginning, Oracle developed and marketed a Relational database system and other software services. It grew and evolved to become a giant that continues to offer the Database Database Database Managerbut also others Business applications And above all, Cloud infrastructure.
It has been this last facet of his business that has allowed him to place where he is today. The Demand of artificial intelligence companies Of its cloud services is what has triggered the price.
Ellison had already been close to occupying the world’s richest man position in 2023the year in which his fortune stood as the Third of the worldthen unbalance Jeff Bezosfounder of Amazon.
Musk was crowned as the richest man in the world, for the first time, in 2021. That position took it out Bezoswhom the French magnate of luxury followed Bernard Arnault And again, Musk last year. More than 300 days laterthe witness has gone to Ellison.