Oracle founder Larry Ellison notched a $15 billion gain on Tuesday after shares of his software company had their best day in over two years and closed at a record.
Oracle shares soared 12% to close at $127.54, after the software vendor reported fiscal third-quarter earnings that beat analysts' expectations.
"We are building large numbers of data centers and some of those data centers are smallish, but some of those data centers are the largest AI data centers in the world."
Over the past year, Oracle shares have now spiked 52%, lifting Ellison's worth by about $50 billion.
Unlike Amazon's Jeff Bezos, Larry Ellison has been hanging onto all his stock rather than selling off chunks.
Persons:
Larry Ellison, Ellison, Mark Zuckerberg, Warren Buffett, Jeff Bezos, FactSet, hasn't, Bezos
Organizations:
Oracle Inc, Oracle, Forbes, Boeing
Locations:
Hamilton , Bermuda, United States