Larry Ellison Surpasses Elon Musk as World’s Richest: A Critique of Wealth and its Purveyors
Oracle co-founder Larry Ellison briefly surpassed Elon Musk to become the world’s richest person on Wednesday morning, with his wealth reaching nearly $400 billion. This surge was driven by Oracle’s announcement of a substantial backlog for cloud services, including significant AI-related contracts with companies like Nvidia and OpenAI. Ellison’s family has also been expanding its influence, including a recent $8 billion takeover of Paramount Global, further contributing to his financial growth. Additionally, Ellison is involved in a massive datacenter project with Softbank and OpenAI, utilizing Oracle technology.
John Q. Hosedrinker