Washington DC,16/7: Larry Ellison is the world’s second-wealthiest person for the first time ever, according to the Bloomberg Billionaires Index, as a red-hot rally in Oracle Corp.’s share price has catapulted his net worth to $251.2 billion.
Oracle has been a key winner as investors have piled into artificial-intelligence stocks. The company’s shares have nearly tripled since ChatGPT was released to the public in November 2022, but it’s been on a particular tear over the past 3 months.
