Larry Ellison's net worth reaches $401.9 billion: the second richest in history

According to Forbes Real Time Billionaires, Oracle co-founder has made a remarkable leap in the global billionaire ranking, reaching a total wealth of $401.9 billion with a daily increase of $110 billion, or 37%. This marks a historic moment: Larry Ellison becomes the second person in history to surpass the symbolic threshold of $400 billion in net worth, a very exclusive club until just a few months ago.

Elon Musk remains at the top, but the gap is narrowing

Currently, Elon Musk – CEO of Tesla and founder of SpaceX – holds the top spot with $440.4 billion in accumulated wealth. However, the gap between the two magnates is visibly shrinking. Ellison’s net worth is growing at a dizzying pace, mainly driven by the positive performance of Oracle’s shares on global financial markets. The speed at which Oracle’s co-founder is closing the gap with Musk has surprised industry analysts.

Discrepancies in valuation algorithms: Bloomberg Billionaires Index tells a different story

An interesting issue arises from the different calculation methods used by various ranking services. While Forbes ranks Ellison second, the Bloomberg Billionaires Index reports slightly different data: according to this source, Larry Ellison’s net worth has already reached $393 billion, surpassing Musk, who according to Bloomberg has $385 billion. This would mean that, according to the Bloomberg Index, Ellison is already the richest person on the planet. These discrepancies in data depend on different valuation criteria, including varying methodologies in estimating stock values and business holdings. The situation remains fluid and subject to ongoing movements in global stock markets.