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Oracle’s co-founder Larry Ellison has now become the richest person in the world. The company’s shares increased by more than 41% jump in a single day, his net worth increased by about Rs 9 lakh crore, which is more than the net worth of India’s richest businessman Mukesh Ambani.
According to Bloomberg report, Tesla’s founder Ilyon Musk has now slipped to the second number. Larry Ellison’s net worth is $ 393 billion i.e. about Rs 34.60 lakh crore. Whereas Ilyon Musk’s net worth is $ 385 billion i.e. about 33.90 lakh crore rupees.
For the first time, ₹ 9 lakh crore increased in a day
On Tuesday evening, ORCL released its quarterly results, which were far better than expectations. The company said that due to the increasing demand of Artificial Intelligence (AI), the demand for their data centers and cloud services is skyrocketing.
Oracle’s CEO Safra Catz said in an analyst call on Tuesday that the company signed a contract of four big billions of dollars with three different customers in the first quarter. This led to his bookings to $ 455 billion, which is four times more than the previous year.
Oracle Chairman and Chief Technology Officer Alison has 116 crore shares of the company. According to the Bloomberg Billioniers Index, his net worth increased by $ 101 billion (about ₹ 9 lakh crore) a day, which is the largest one day record bounce in the history of this index.
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