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Larry Ellison is $15B richer after Oracle shares hit new all-time high

By: FOX Business

June 13, 2024 at 10:56 AM EDT

Larry Ellison’s net worth surged after Wall Street’s positive reaction to the software giant’s fourth-quarter earnings results. Forbes ranks him as the world's fifth-richest person.

Oracle co-founder and Chief Technology Officer Larry Ellison’s net worth surged on Wall Street’s positive reaction to the software giant’s fourth-quarter earnings results.

Forbes, which tracks the wealth of billionaires, reported a more than $15 billion increase in Ellison’s fortune on Wednesday, the day after Oracle CEO Safra Catz said she expects "continued strong AI demand to push Oracle sales and RPO even higher – and result in double-digit revenue growth" in fiscal 2025.

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Ellison’s net worth climbed as Oracle shares surged, and he became the world's fifth-richest person with an estimated $171.1 billion fortune as of Thursday morning.

Only four other billionaires in the world have personal fortunes larger than the Oracle founder with his net worth at its current level, per the outlet.

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