The rising prices of shares of Oracle, one of the biggest tech companies in the country, has taken its founder Larry Ellison to third place in Bloomberg’s list of billionaires. In this list, he has left behind Google co-founder Sergey Brin and Amazon founder Jeff Bezos. This tech giant has also secured second place in the Forbes ‘real-time’ rich list. In this list, he is ahead of Google’s Larry Page and behind only Elon Musk.
Oracle recorded revenue of $17.2 billion, which is 22 percent more (YoY) than the previous year. This also includes revenue of $8.9 billion from cloud services, which is an increase of 44 percent compared to the previous year. According to Forbes, the company has benefited from OpenAI’s changes in providing computing power for advanced AI models like ChatGPT.
How much is Larry Ellison’s net worth?
According to Investopedia, on June 1, Oracle shares saw a jump of 8 percent. Due to which Ellison’s total wealth increased to $302 billion (+$21.4 billion). As of June 3, the Bloomberg Billionaires Index (BBI) shows his estimated net worth is $299 billion — $51.9 billion more than last year.
Apart from this, according to the data of Forbes ‘Real-Time’ Billionaires List, Ellison is in second place. In this list, he is ahead of Larry Page and his estimated wealth is 296 billion dollars. It is noteworthy that there was a huge jump in the wealth of Oracle’s Chairman and CTO in 2025, when in September, Oracle started taking advantage of the increasing enthusiasm in the AI sector.
That month his net worth crossed the $400 billion mark — making him only the second person to reach this milestone after Elon Musk (Tesla, SpaceX). The Forbes report further states that the rise in Oracle shares in May is a positive sign for Ellison, as his net worth had declined to $195 billion (sixth place) in April 2026.
Who is Larry Ellison?
The founder and former CEO of Oracle (he stepped down as CEO in September 2014) is currently the company’s Chairman and CTO. According to Bloomberg’s profile, he is also the company’s largest shareholder. The filing of October 2025 shows that he has 40 percent stake in this Austin (Texas) based company. According to the company’s 2022 statement, Ellison also owns about 1.4 percent of Tesla, but in the same year he resigned from the board of this automaker.
The company further said that since then no new information has come to light regarding their stake in this EV company. 81-year-old Ellison also owns about 50 percent of the media giant ‘Paramount Skydance’. This company was formed in August 2025 from the $28 billion merger between Paramount and Skydance.
Raised in Chicago, Ellison attended the University of Illinois at Urbana-Champaign, but dropped out and moved to Berkeley, California. According to BB’s report, there he took a job in computer programming at Ampex. Later, in 1977 he founded ‘Oracle’. This company became a public company on March 12, 1986, which is just a day before Microsoft went public.
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