Bloomberg reports that the Oracle Software Developer Larry Elisson took the first place in the billionaire rankings, ahead of Tesla and Spacex founder Ilon Mask.
Larry Elison's fortune reached $ 393 billion, while Maskin - $ 385 billion. Elison was able to get rich so sharply, as the one-day growth of its capital amounted to $ 101 billion, which is the biggest growth in the history of Bloomberg.
The leader in the agency's ranking ranked almost a year. He first held this position in 2021, but then it lost to Amazon's founding Jeff Bezos and LVMH Founder Bernard Arno. They currently hold fourth and eighth places, respectively.
Elison ranked second in Bloomberg's rankings in July, exceeding Meta's executive director Mark Zuckerberg.
Forbes also indicates the growth of Elison's capacity (estimated at $ 102 billion or almost 35% of its total ability) and its total capital estimates $ 395 billion. However, the Mask is still the first in the magazine's rating, with a fortune of $ 437 billion.
Larry Ellison is 81 years old. He founded Oracle in 1977 together with Bob Motherhood and Ed Outs. The billionaire left the post of Oracle Executive Director in September 2014, after 37 years of leadership, became the Chairman of the Board of Directors and Technology. He is the owner of more than 40% of Oracle shares.
He is also the owner of about 50% of PARAMOUunt Skydance (the general director is his son David). From 2018 to 2022 he was a member of Tesla's board of directors, and he is currently the owner of the company's shares.
The growth of Larry Elison is due to the rapid growth of Oracle's shares, in the first quarter of the 2026 fiscal year (the US Financial Year lasts from October 1 to September 30) reports. Bloomberg notes that shares have grown by 45% this year, reaching the first of the historic of September 9, and on Wednesdays increased by 41%.
The agency explains that the investments made in cloud infrastructure in the background of the development of artificial intelligence allowed Oracle to bloom.
The recent report has shown that the revenue of the company received from cloud technology increased by 28% to $ 7.2 billion, and from cloud infrastructure to $ 3.3 billion. The portfolio of Oracle's liabilities increased by 359% to $ 455 billion, due to large contracts, including the transaction with the transaction, which has been concluded with a ChatGPT processing openai, 4.5 GW. The company also participates in Staryan AI infrastructure project, about which US President Donald Trump announced in January.
