On June 11th, 2024, Oracle founder Larry Ellison saw a remarkable 15 billion dollar increase in his wealth as shares of his software company experienced their most successful day in over two years. Ellison, who established Oracle in 1977, maintains his position as the company's largest shareholder, with a stake now valued at approximately 146 billion dollars following this recent surge. According to Forbes, he currently ranks as the fifth-wealthiest man in the world, trailing Meta CEO Mark Zuckerberg and surpassing Warren Buffett. The surge in Oracle's stock price, which soared by 12 percent was driven by the software vendor's fiscal third-quarter earnings report that exceeded analysts' expectations.
