A red-hot rally in Oracle’s share price has catapulted Larry Ellison's net worth to a staggering $251.2-billion.

TechCentral

Larry Ellison has become the world's second-richest person with a net worth of $251.2 billion, driven by Oracle's stock surge amid the AI boom. Oracle's shares have nearly tripled since ChatGPT's release, gaining over 90% in three months due to strong revenue growth and major cloud computing contracts with companies like OpenAI. The company is developing gigawatts of data center capacity and has secured partnerships through initiatives like Stargate with SoftBank Group.

Larry Ellison, 80, is now world’s second richest person

Oracle is such an evil company. I hope they open up more in the future.

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289.3 billion(as of 02-08-2025) net worth and still second.
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The AI race has indeed skyrocketed the fortunes of tech moguls, with billionaires like Ellison, Mark Zuckerberg, and Jensen Huang gaining billions from AI-driven companies like Oracle, Meta, and Nvidia. The top 10 richest people saw their collective wealth grow by $500 billion in 2024, fueled by AI advancements and market optimism.
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Yet, the other side of this wealth explosion is stark. The AI revolution has triggered massive layoffs—Goldman Sachs estimated 300 million jobs could be lost or degraded globally due to automation. Wall Street alone faces up to 200,000 job cuts in the next few years as AI automates roles like middle-office operations and even software engineering. Meanwhile, poverty persists: Oxfam reports that 3.6 billion people—44% of the global population—live below the World Bank’s $6.85/day poverty line, with no significant reduction since 1990. Corporate shutdowns and cost-cutting, like Microsoft’s 15,000 layoffs in 2025 despite record AI investments, highlight the disconnect.
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The system does seem to orbit wealth. Billionaires’ fortunes grow through monopolies, inheritance, or cronyism—60% of their wealth, per Oxfam, isn’t “earned” but extracted, often from the Global South. The top 1% in the Global North siphoned $30 million an hour from poorer nations in 2023. This dynamic, coupled with political influence (e.g., billionaires backing Trump), entrenches inequality. The rich thrive on AI’s promise, while workers face job insecurity and the poor see no relief, exposing a system skewed toward wealth concentration.
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I AM SOLD

According to forbes, he is 4th richest.