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Oracle Chairman Larry Ellison has once again overtaken Amazon founder Jeff Bezos to become the world’s second-richest person as Oracle shares surge.
Ellison, who owns about 40% of Oracle, was worth $206.5 billion at the time of writing, up $8.8 billion from the Forbes real-time list of the world’s billionaires..
Oracle shares rose about 5% to more than $170, boosting Ellison’s fortune, while Amazon shares fell 0.6%, reducing Bezos’s $202.9 billion fortune by about $1.5 billion..
Larry Ellison briefly pushed Jeff Bezos out of second place last Friday before falling back to third place..
Ellison is second on Forbes’ list of the world’s richest people, behind Tesla CEO Elon Musk, whose fortune is $251.4 billion, while Bezos is third, ahead of Meta founder Mark Zuckerberg ($183.5 billion)..
Ellison’s fortune has increased by $34.2 billion since September 6, when he was ranked fifth among the world’s billionaires with a fortune of $172 billion..
Oracle shares have jumped 21% over the past five trading sessions after a strong earnings report and upbeat future guidance, beating analysts’ expectations, and the cloud software company also announced a partnership with Amazon Web Services To be added to previous agreements with Google and Microsoft.
