Oracle’s Larry Ellison $9 Billion Richer And Becomes No. 3 Richest Again

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Oracle's Stock Soars, Leaving Larry Ellison as World's Third-Richest Person Again

Oracle CEO and co-founder Larry Ellison has added $9 billion to his net worth, thanks to a recent surge in the company's share price. His estimated wealth now stands at $256.4 billion, making him the world's third-richest person, ahead of Alphabet's Google cofounder Sergey Brin.

Following a 35% decline in Oracle's stock from its peak last month, the company's shares rebounded by over 4% to around $205 per share on Wednesday afternoon. This slight recovery has helped Ellison reclaim his spot at number three in the world's billionaire rankings. In contrast, Alphabet's shares slipped 1.4% to around $319, following a 13% rally since last Friday.

The market's shift in sentiment towards Oracle comes as investors have warmed up to the company's artificial intelligence strategy. However, analysts have expressed skepticism about the company's AI plans, stating that it has received "little if any credit" for its business.

Deutsche Bank analysts pointed out that despite the lack of concrete details on Oracle's AI efforts, the market was making assumptions based on the company's $500 billion in future contracted work. Similarly, HSBC argued that investors were confusing Oracle by failing to provide sufficient information about the company's AI plans.

The increase in Ellison's net worth is a result of Oracle's share price surge and comes at the expense of Brin, who had briefly taken over the number three spot earlier this week. Brin's wealth now stands at $242.4 billion, while Amazon founder Jeff Bezos remains at number five with a net worth of $242 billion.

The fluctuation in the billionaire rankings highlights the ongoing shift in market sentiment towards AI and its applications. As investors continue to re-evaluate their views on various tech giants, the world's richest individuals are again experiencing the rollercoaster of fortunes in the ever-changing landscape of technology and finance.
 
idk why ppl r so quick 2 believe oracle's ai plans r gonna change the game 🤑 lmk when u see concrete results not just speculations n empty promises 💸 from what im reading, hsbc is spot on investors r confusing oracle cuz dey havent got da goods 🔮 brin might b better off focusing on google's core business instead of trying 2 dethrone elon with oracle 👀
 
OMG u guys 🤯, I just heard from a source that Oracle is planning to launch its AI-powered cloud platform like, next quarter already? 🕰️ It's supposed to be HUGE, but tbh I'm not buying it 💸. Analysts are always skeptical about these big tech companies' plans and I think it's because they're still trying to figure out how to make it profitable 🤔. Anyway, Larry Ellison is back on top 🏆 with a whopping $256.4 billion in net worth 🤑. Can't say I'm surprised tbh, he's been making some smart moves lately 💡. But one thing's for sure, this billionaire game is always a wild ride 🎢!
 
you know, it's crazy how quickly we're all just following the crowd 🤔. the market's move towards oracle's AI strategy is like a ripple effect - everyone else is jumping on the bandwagon without really understanding what's going on beneath the surface 💰. and then there are analysts who try to make sense of it all, but ultimately, they're just speculating too 💭. meanwhile, larry ellison's net worth keeps rising like a phoenix from the ashes 🔥. is this really a reflection of his own genius or just a result of market manipulation? 🤷‍♂️ i mean, who are we to judge? but what does it say about our society that someone can become one of the richest people in the world without necessarily being seen as a visionary or a leader 💸. is wealth creation enough to validate success? 🤔
 
😊 I mean, $256.4 billion?! That's insane! Like, who even comes up with these numbers? It feels like Larry Ellison is swimming in gold coins or something 🏹💸. But seriously, AI strategy being a thing now? 🤖 I'm not sure how much I trust it just yet... the market's all gung-ho about it, but analysts are still kinda meh 😐. Can we get some real details on what Oracle's actually doing with this tech before we start getting too carried away? 🤔
 
I'm not surprised Oracle's stock is doing well, it's been a while since they made some solid moves with their AI strategy 🤖. But let's be real, $500 billion in future contracted work is a big deal 💸. If they can deliver on that promise, maybe we'll see some real growth and investors won't be so quick to write them off.

At the same time, I'm not convinced Oracle's AI plans are as solid as everyone makes it out to be 🤔. The lack of concrete details is a major concern for me. It's easy to get caught up in the hype, but we need to see some real substance behind these claims.

It's also interesting that investors are confusing Oracle with Alphabet 💼. I mean, we all know Google is the real deal when it comes to AI, and it's hard not to compare them directly 🔍.

Overall, I'm cautiously optimistic about Oracle's prospects 📈. But let's keep our expectations in check and wait for some real proof before making any major predictions 🤞.
 
You know what's wild? This whole thing is a perfect example of how markets can be super volatile and influenced by rumors 🤯. I mean, Oracle's AI strategy was already under fire before its stock surged, but now it seems like investors are just jumping on the bandwagon without any concrete proof 🤑. It's like they're saying, "Hey, we don't know if this is going to work, but let's just bet on it and see!" Meanwhile, Alphabet's shares are still rocking, but that's probably because Google has a solid track record of innovation... or at least, that's what everyone keeps telling us 🤔. But seriously, when does market sentiment become more than just speculation? Is it time for some regulatory oversight to make sure these billionaires aren't getting away with shady dealings?
 
just saw this lol oracle's stock is crazy 🤯 $256.4 billion? that's wild... i dont get why people are excited about ai strategy tho 🤔 oracle has been making money hand over fist from all their other businesses, i think they should focus on those instead of trying to be some kinda visionary tech company 💸
 
I'm still trying to wrap my head around this one lol 💸 Oracle's stock is crazy, I mean $256 billion is nuts! 🤯 And Larry Ellison is back on top 😎. But seriously, what's going on with these AI plans? It seems like everyone's excited but nobody has any concrete details 🤔. Is it just a case of investors making assumptions based on the money they're gonna make from Oracle's future contracts 💸? I don't know, maybe I'm just not tech savvy enough 😅. One thing's for sure though, these billionaires are living the dream and we can only imagine what their daily lives must be like 🏠💻
 
omg have you tried that new plant-based milk at starbucks 🥛 i mean its not bad but like they're gonna run out of it ASAP they need to increase production or something did u know that elon musk is trying to make humans a multibillionaire by 2050 through his spacex lol what even is the point of being a billionaire if ur just gonna spend all ur time in space 🚀
 
😊 Oracle's stock is on fire right now! I mean, $256.4 billion is insane! 🤑 It's crazy how Larry Ellison's net worth has skyrocketed by $9 billion in just a few days. But, I have to wonder if this surge is due to over-optimism or actual solid AI plans from Oracle? 🤔 The fact that analysts are skeptical about their AI strategy is making me go 🙃. It's like, can they deliver on those $500 billion contracts? 💸 Either way, it's been an interesting week in the world of billionaires and tech giants! 🚀
 
Oracle's CEO Larry Ellison is getting a bad rap for not sharing more info about his AI strategy 🤔. People say he's only using Oracle's $500 billion contracted work as a buzzword to make investors think they're doing something cool 😎. I don't know, man... I think it's unfair to criticize him when other companies are still playing catch-up in the AI space 🚀. Like, Alphabet is just resting on their Google search engine laurels, and Amazon is too busy trying to become a retail empire 🛍️. Oracle's got more going on than people give them credit for 💸. And let's be real, $256.4 billion is still a pretty cool net worth 😎.
 
omg I cant believe larry ellison is back as the 3rd richest person!!! 🤑 his net worth just went up by $9 billion!! that's crazy! i think its because of oracle's AI strategy tho... people are starting to take them seriously 🤖 but at the same time, analysts are saying they havent given much cred to their plans lol... like why should we trust them? 🤑 anyway, its wild to see brin and bezos struggling to keep up with ellison 🤯
 
Yooo, this Oracle stock surge is like a classic example of the 'tech titans' game 🤖💸. Larry Ellison's wealth jump is a result of investors speculating about AI, but is it really just hype? I mean, Google's Sergey Brin has been in the #2 spot for years, what changed now? 🤑 It's all about perception and market sentiment, folks! The question is, are we giving Oracle too much credit or not enough? HSBC says they're confusing Oracle with insufficient info, but I think it's more like investors just want to believe in AI's potential 🔮. And let's be real, the #3 spot is all about who can adapt fastest to changing market trends 💥. One thing for sure, Elon Musk's SpaceX and Tesla are already making waves with their innovative tech 🚀!
 
ugh, rich guy's getting richer 🤑 $256.4 billion is just crazy! i mean, who needs that kinda cash? it's not like he's doing anything good with it 💸 anyway, brin gets booted out to 4th place... guess the ai hype isn't as strong as people thought 🤔 oracle's share price still kinda meh, recovering from a big decline... don't think this means they're actually making progress on their ai plans 😐
 
I mean, can you believe Larry Ellison is back at number three? 🤯 I've been following Oracle's AI plans for a while now, and to be honest, I'm still on the fence about it 😐. The market seems to think they're making some smart moves, but analysts are being pretty skeptical about concrete details. It's like investors are just throwing money at them because of their $500 billion in future contracted work 💸. Still, $256.4 billion is a crazy amount, and I'm sure Ellison is loving it 🤑. Meanwhile, Sergey Brin's wealth took a hit, but he's still doing alright 😊. The AI shift is definitely having an impact on the billionaire rankings, though. It'll be interesting to see how this all plays out in the coming months 📈.
 
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