Sign In  |  Register  |  About San Rafael  |  Contact Us

San Rafael, CA
September 01, 2020 1:37pm
7-Day Forecast | Traffic
  • Search Hotels in San Rafael

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Larry Ellison is $15B richer after Oracle shares hit new all-time high

Larry Ellison’s net worth surged after Wall Street’s positive reaction to the software giant’s fourth-quarter earnings results. Forbes ranks him as the world's fifth-richest person.

Oracle co-founder and Chief Technology Officer Larry Ellison’s net worth surged on Wall Street’s positive reaction to the software giant’s fourth-quarter earnings results.

Forbes, which tracks the wealth of billionaires, reported a more than $15 billion increase in Ellison’s fortune on Wednesday, the day after Oracle CEO Safra Catz said she expects "continued strong AI demand to push Oracle sales and RPO even higher – and result in double-digit revenue growth" in fiscal 2025.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Ellison’s net worth climbed as Oracle shares surged, and he became the world's fifth-richest person with an estimated $171.1 billion fortune as of Thursday morning.

Only four other billionaires in the world have personal fortunes larger than the Oracle founder with his net worth at its current level, per the outlet.

CLICK HERE TO READ MORE ON FOX BUSINESS

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 SanRafael.com & California Media Partners, LLC. All rights reserved.