“Oracle co -founder Larry Ellison moved Tesla CEO Ilon Mask from first in the world ranking in the world’s richest people. Source: Bloomberg, The Hill Details: According to Bloomberg, on Wednesday evening, Ellison’s wealth increased by $ 101 billion and reached $ 393 billion.”, – WRITE: www.pravda.com.ua
Source: Bloomberg, The Hill
Details: According to Bloomberg, Ellison’s wealth increased by Wednesday evening by $ 101 billion and reached $ 393 billion. This enabled him to get ahead of the mask whose capital is currently estimated at $ 385 billion.
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A sharp jump occurred after Oracle’s shares went up 40% after the publication of a financial report, in which the company reported on several multi -billive contracts, which is expected to bring $ 455 billion in income in the future.
“It was a stunning quarter and the demand for Oracle Cloud Infrastructure continues to grow,” said Oracle CEO Safra Katz.
She also added that in the coming months the company plans to sign several more contracts for billions of dollars, which can raise the volume of liabilities to more than 500 billion.
Katz also presented an ambitious forecast for the cloud unit of the company: in the 2026 financial year, Oracle expects income to 77% – up to $ 18 billion. Over the next four years, the company plans a significant increase in revenue from cloud services – up to 32, 73, 114 and $ 144 billion, respectively.
Musk held the title of the richest man in the world for almost a year. In December 2024, his wealth reached a record $ 486 billion, but this year they declined due to problems with government obligations and falling companies, including Tesla.
Musk, which kept the title of the richest man in the world for almost a year, reached $ 486 billion last year in December last year. However, this year, its capital declined significantly, as his work on the US government has seriously influenced his company, primarily on Tesla.
Reference: Laurens (Larry) Ellison is an American entrepreneur and one of the most famous information technology. In 1977, he founded the Oracle corporation, which became a global leader in the field of databases, corporate software and cloud decisions. Today, Oracle is competing with giants such as Amazon, Microsoft and Google in the cloud services segment.
Ellison is considered one of the architects of the modern IT industry: its products have been determined for decades in the field of storage and processing of data for business, government structures and financial institutions. His wealth is directly related to the rapid increase in demand for cloud technologies, which now have become a key driver of the global IT market.