Oracle co-founder and Chief Technology Officer Larry Ellison’s net worth surged on Wall Street’s positive reaction to the software giant’s fourth-quarter earnings results.
Forbes, which tracks the wealth of billionaires, reported a more than $15 billion increase in Ellison’s fortune on Wednesday, the day after Oracle CEO Safra Catz said she expects "continued strong AI demand to push Oracle sales and RPO even higher – and result in double-digit revenue growth" in fiscal 2025.
Ellison’s net worth climbed as Oracle shares surged, and he became the world's fifth-richest person with an estimated $171.1 billion fortune as of Thursday morning.
Oracle Chief Technology Officer Larry Ellison delivers a keynote address during the 2019 Oracle OpenWorld on Sept. 16, 2019, in San Francisco, California. (Justin Sullivan/Getty Images / Getty Images)
Only four other billionaires in the world have personal fortunes larger than the Oracle founder with his net worth at its current level, per the outlet.