Oracle founder Larry Ellison yesterday surpassed Amazon founder Jeff Bezos as the world’s second-richest person behind Elon Musk, according to Forbes magazine’s ranking of billionaires.
Ellison, President and Chief Technology Officer of Oracle At 80 years old, he has amassed US$ 206.5 billion, almost 9 billion more than on Sunday, thanks in large part to the ups and downs of the stock market, as his company is on a good run and in the last seven trading days it has accumulated a 20% appreciation. Oracle reported a week ago an increase in profits (21%) and revenue (7%) in its most recent quarter due to the strength of its cloud business in the era of Artificial Intelligence (AI).and announced an agreement with Amazon Web Services, the industry leader.
(Read: Tutelas at the Dian, a ‘stick in the wheel’ for the expansion of the staff)
The firm, which has signed similar deals with Microsoft and Google, is creating data centers essential for the development of AI and Its results have been so applauded on the stock market that it has appreciated by almost 22% in the last week.
Ellison’s business tentacles will soon reach into the entertainment sector, as he is part of the bid for control of Paramount Global won by Skydance, the company of his son David Ellison.
Bezos, who He left his position as Amazon CEO to devote himself to his space travel company Blue Origin, and has amassed a fortune of US$202.9 billion, making him the third richest person in the world. In first place is Elon Musk, founder of Tesla and SpaceX, among other companies, whose net worth amounts to US$250.8 billion.
EFE
