Larry Ellison Networth: The tremendous boom in the company’s shares after the quarterly results of the Orchael Corp has brought co-founder Larry Alison to the first place in the list of the world’s richest person. For the first time he has left Allen Musk behind. According to the Bloomberg Billionaires Index, Larry Ellison’s assets rose to $ 393 billion on Wednesday morning, while Allen Musk’s assets stood at $ 385 billion on Wednesday morning.

Increase by $ 101 billion in a day

Larry Ellison’s wealth has increased an unexpected increase of about $ 101 billion in just one day due to a record bounce in Orackal shares. 81 -year -old Larry Ellison is still the chairman of Orackal and Chief Technology Officer. Most of his assets are invested in the software industry.

This year, the shares of Orackal have recorded a 45% increase so far. Only on Wednesday, the company’s shares saw a tremendous jump of 41%, which is the biggest lead after 1992. After this, the market valuation of Orchack increased to $ 947 billion.

Focus on cloud business

According to experts, this boom in Orackal shares is the result of a complete focus on the company’s cloud business, which has strengthened the trust of investors. It is worth noting that for the first time in the year 2021, Alan Musk became the number 1 in the world’s richest list and he maintained his dominance for a long time.

It happened many times when Amazon’s Jeff Bezos and LVMH’s Bernard Arnault pushed him back, but despite the ups and downs, Musk returned to the top position again. For the last one year, he was constantly becoming the richest person in the world, but now Larry Ellison has left him behind.

Who is Larry Ellison?

American entrepreneur Larry Alison’s full name Lawrence Joseph Alison Is. He founded the Oracle Corporation. Alison, who studied at Chicago University, left his studies in the middle. In 1977, he in association with Bob Minor and Ed Oats Software development laboratories (Software Development Laboratories), which later the world’s veteran tech company Oracle Corporation Became

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