Oracle CEO Larry Ellison surpasses Jeff Bezos to become world’s second-richest person
undefined 17, 2024
Oracle founder and CEO Larry Ellison briefly became the world's second-richest person on September 16, surpassing Amazon's Jeff Bezos, though Bezos soon reclaimed the spot. Ellison's net worth rose to around $206 billion after a surge in Oracle stock, which closed up 5.1%. Oracle's strong earnings and increased revenue projections contributed to this rise. The company plans to build data centers to meet the growing demand for computing power due to AI. Ellison also discussed AI's role in enhancing mass surveillance by law enforcement.
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