New York CNN —Oracle (ORCL) founder Larry Ellison is reaping the benefits of artificial intelligence popularity, edging past Microsoft (MSFT) founder Bill Gates to land the number four spot on the Bloomberg Billionaires Index on Monday, according to Bloomberg.
Ellison is now the world’s fourth-richest person, with a staggering $129.8 billion net worth, Bloomberg reported.
He just squeaked past Gates, whose net worth — Bloomberg reported — is currently $129.1 billion.
Ellison is the largest stockholder in Oracle and owns approximately 42.9% of its shares, a 2022 SEC proxy statement said.
Five years later, they renamed their company “Oracle” after their software.
Persons:
Larry Ellison, Bill Gates, Ellison, Gates, —, didn’t, Safra Catz, David Geffen, Musashi
Organizations:
New, New York CNN, Oracle, Microsoft, Bloomberg, — Bloomberg, Bank of America, SEC, Oracle Database
Locations:
New York, Tesla, California, Hollywood