THE GUARDIAN: Oracle co-founder’s shares rose by 40% in early trading, valuing his fortune at $393bn, just ahead of Musk’s $384bn
US tech billionaire Larry Ellison has overtaken Elon Musk as the world’s richest person after shares in Oracle, the business he co-founded, rocketed in early trading on Wednesday.
Ellison’s wealth has surged after the company, in which he owns a stake of 41%, reported better than expected financial results.
Oracle shares rose by more than 40% in early trading to $340 a share, valuing the business software company at $958bn (£707bn) and Ellison’s stake at $393bn, just ahead of Musk’s fortune of $384bn, according to Bloomberg’s billionaires index.
The jump in the shares is the company’s largest single-day increase ever and the biggest ever one-day wealth increase on the Bloomberg index. The pair sit comfortably ahead of Facebook founder Mark Zuckerberg and Amazon’s Jeff Bezos. » | Dan Milmo | Global technology editor | Wednesday, September 10, 2025
Showing posts with label Larry Ellison. Show all posts
Showing posts with label Larry Ellison. Show all posts
Wednesday, September 10, 2025
Thursday, September 10, 2015
Al Qaeda Mag Urges Attack on Koch Brothers, Buffett, Bloomberg
The list in Inspire magazine also included industrialist brothers Charles and David Koch, internet entrepreneur Larry Ellison, casino magnate Sheldon Adelson, economist Robert Shiller, and former Federal Reserve chairman Ben Bernanke. Not mentioned is Janet Yellen, who succeeded Bernanke as Fed chairman.
Also pictured was Jim Walton, one of the heirs to the Wal-Mart fortune, although he was misidentified in the caption as his late father, Sam Walton. Several other names on the list were misspelled.
The slickly produced magazine article begins with a photo illustration showing blood-spattered pictures of several of the leaders next to a dripping gun. Its stated goal is to derail the "revival of the America Economy."
The article says the "economic personalities" and "wealthy entrepreneurs" can get off the list by withdrawing their money from U.S. banks, investing their wealth outside American soil, and denouncing support for Israel.
Shiller, a Nobel Prize winner, said he was shocked to learn his name was on the list.
"Why me? I am non-plussed. Why I am included?" he said. "I was just in Istanbul for an Islamic finance forum, part of the G20. I quoted Mohammed. I'm sympathetic to the Islamic community." » | Robert Windrem and Tracy Connor | Wednesday, September 9, 2015
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