By Peter Gratton
Publication Date: 2026-06-02 19:57:00
Photo credit: Justin Sullivan / Getty Images
Key insights
Larry Ellison’s place among the world’s richest people now rises and falls on the stock market’s bet that the AI boom will require Oracle’s machines.
oracle (ORCL) rose nearly 8% on Monday, boosting Ellison’s net worth by $21.4 billion to $302 billion and making him the third-richest person in the world, according to the Bloomberg Billionaires Index. The win took him past Amazon.com (AMZN) Jeff Bezos and Google co-founder Sergey Brin. (Larry Page, Brin’s counterpart, sits between Oracle and top dog Elon Musk.)
It was another quick climb for Ellison, who slipped into sixth place Bloomberg Its listing was around $195 billion in April before Oracle’s sharp rise in late May reversed the decline.
Ellison owns more than 40% of Oracle, so his wealth is almost tick for tick of the stock. Shares rose about 40% in May before jumping again at Monday’s close…
