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Larry Ellison Climbs to Third on Bloomberg Rich List After Oracle Stock Jump

Bloomberg’s index attributes the rise to investors valuing Oracle’s pivot into AI compute after the company cut roughly 18% of its workforce in March.

Overview

  • Bloomberg’s Billionaire Index estimates Ellison’s net worth at about $302 billion, a rise driven by a late-May rally in Oracle shares that pushed his holdings higher.
  • Ellison owns roughly 41% of Oracle, so even short-term moves in the company’s share price produce outsized swings in his personal fortune.
  • Ellison’s recent gain follows a wide swing this year that included a near-$200 billion drop to about $195 billion in April and a historic single-day $100 billion increase in September 2025.
  • The market move reflects investor enthusiasm for Oracle’s repositioning as a provider of computing for advanced AI systems, a strategy that the company paired with global cost cuts announced on March 31 that affected over 30,000 jobs.
  • Because Bloomberg updates net-worth rankings with market prices, Ellison’s place on the list could change quickly if Oracle shares move, and the company’s strategy and workforce decisions will be key signals to watch next.