Topline
Oracle chairman Larry Ellison became the world’s second-richest person Thursday, reclaiming the rank from Google cofounder Larry Page as a weekslong rally for Google parent firm Alphabet’s stock cooled.
The Oracle chairman fell in the ranks among the world’s wealthiest during a weekslong rally for the Google parent’s stock.
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Key Facts
Oracle’s shares rose 2% to around $212 as of around 12:35 p.m. EST, adding to a 3.3% gain on Wednesday after the company announced Tuesday it would release its second-quarter results on Dec. 10.
Shares of Alphabet fell 1% to just over $316, paring earlier gains after the stock surged 84% from Aug. 1 to Sept. 10, when it reached an all-time high of $345.72.
Market indexes were largely flat as of early afternoon.
Forbes Valuation
Ellison’s estimated net worth grew to $264.8 billion, following a $5.2 billion increase Thursday. He ranks ahead of Page, whose fortune is estimated at $259.7 billion after a $2.4 billion dip. Fellow Google cofounder Sergey Brin, who bumped Ellison last week to become the world’s third-richest person, now ranks fifth with a net worth estimated at $239.6 billion. Brin falls behind No. 4 Jeff Bezos, whose fortune is estimated at $239.8 billion. Tesla CEO Elon Musk remains the world’s richest person—by far—with a net worth of about $493.6 billion.
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