Ellison’s Earnings Elevate Empire Thru' Oracle
Nearly half a century after founding Oracle, tech entrepreneur Larry Ellison has once again made global headlines. Following the announcement of several new cloud contracts, Oracle’s share price surged by 35.9 percent, raising Ellison’s personal wealth to approximately $371.7 billion. This leap has positioned him as the world’s second-richest individual, after Elon Musk, Reuters reported.
Meanwhile, Paramount, controlled by the Ellison family, is preparing to acquire the historic Warner Bros. Discovery. Experts suggest that if the acquisition goes through, it could mark a major shift in the global film industry.
Beyond the tech sector, Ellison has long drawn attention for his luxury yacht collection, ownership of a Hawaiian island, and outspoken support for U.S. President Donald Trump. In recent years, however, he has reasserted his influence in the business world.
In 2022, Oracle began providing technical infrastructure for TikTok in the United States. The company has since secured major clients such as OpenAI, Meta, and xAI, carving out a pivotal role in the artificial intelligence sector.
According to Forbes, it is through this AI-driven strategy that Larry Ellison has once again underscored his growing influence in the global economy and technology landscape.
