With approximately 41% of Oracle’s shares in his name, the cloud computing mogul saw his net worth climb by over $40 billion in a matter of days. On Thursday last week, his fortune grew by $25 billion, and increased by another $16 billion on Friday: easily two of the largest daily swells in billionaire net worth that week, according to Forbes.
Now, Ellison has overtaken Amazon’s founder, Jeff Bezos, who is currently worth $229 billion, and Mark Zuckerberg, who has a $240 billion net worth, in the billionaires club.
The one person he hasn’t topped yet is Elon Musk—Ellison’s close friend, who is still the world’s richest man with $405 billion in riches. There’s nearly a $155 billion difference between their net worths, so Ellison has his work cut out for him if he ever hopes to reach number one.
Last Wednesday, the afternoon earnings were dubbed a “watershed” moment for the cloud computing company. It was also a big moment for Ellison’s wallet.
Ellison, the chairman and CTO of Oracle, subsequently enjoyed an 11-figure surge in net worth. Last Tuesday afternoon, the day before the cloud computing titan released its earnings report, Ellison’s net worth stood at $213 billion.
Ellison sees the next year as a new frontier for Oracle, which could mean another big payout for the executive. But even if he takes the number one spot for the world’s richest person, Musk probably won’t have hard feelings—after all, they’re good friends.
