Larry Ellison is now the second richest person in the world: who is he and how much is he worth?

The Forbes list of the world’s richest people often highlights the owners of the most prominent global companies. like Elon Musk (X, formerly Twitter, Tesla and SpaceX) or Jeff Bezos (Amazon). But in recent days, a venerable name among the world’s richest people has risen to second place in this elite group: Larry Ellison, the founder of oraclea company specializing in both cloud and on-premises technology solutions.

A rapid rise from fifth to second place

At the beginning of September, Ellison ranked fifth among the richest people in the world. However, Oracle’s stock price skyrocketed, giving it a rise in the rankings. On September 10, Oracle reached its all-time high in stock price, This brings Ellison’s net worth to a staggering $202.8 billion.

The early days of Ellison

Born in the Bronx, New York, Ellison struggled with health problems at a young age, leading him to move to Chicago to live with his aunt, who eventually adopted him. Accordingly Vanity Fair, Ellison attended both the University of Illinois and the University of Chicago, but dropped out of both before completing his degree.

Ellison then moved to California, where he began his career as a computer programmer. In 1977 he founded Software Development Laboratories together with two partners. After a series of name changes, the company became Oracle Systems Corp. in 1982. Oracle emerged as one of its key players.

Over 40 years of experience

Oracle’s path to success was not without challenges. In 1990, the company lost $36 million in a single month Ellison managed to steer the company through the difficult times. After nearly four decades as CEO, Ellison stepped down in 2014 and assumed the roles of chairman and chief technology officer, retaining less than half of the company. Ellison also served on Tesla’s board of directors from 2018 to 2022.

Oracle’s legacy and impact

founded in 1977, Oracle, as it was later called, quickly became a leader in the database management industry. Known for its state-of-the-art relational database software, Oracle has expanded its offerings with This includes cloud infrastructure, enterprise software and customer experience tools. Its flagship product, the Oracle Database, revolutionized the way companies manage data, making it easier to store, retrieve and manipulate large amounts of information. Over the decades, Oracle has expanded its portfolio by acquiring major companies such as Sun Microsystems and The current focus is on cloud solutions with Oracle Cloud Infrastructure (OCI) and Oracle Fusion Applications.

The company’s influence spans industries from finance and healthcare to retail and government, and its software helps companies streamline operations, improve efficiency and drive innovation. Larry Ellison’s vision positioned Oracle as dominant force in both cloud computing and enterprise software, shaping the future of digital transformation worldwide.

Ellison’s children

Ellison’s children have also amassed considerable wealth. His son David Ellison is the owner of Skydance Mediaa film production company, and recently signed a deal with Paramount to form New Paramount, where he will serve as CEO. Now his daughter Megan Ellison is a producer at Annapurna Picturesa production company known for its critically acclaimed films, including multiple Oscar nominations.