Larry Ellison, the co-founder and Chairman of Oracle, experienced a significant boost in his net worth following the company’s best week on the stock market since 2021. On Friday, Ellison’s net worth soared to $208.4 billion shortly after market open, briefly surpassing Jeff Bezos to become the world’s second-richest person. However, his net worth later adjusted to $197 billion, as per Forbes’ real-time billionaires list. Jeff Bezos currently holds a net worth of $204 billion, while Elon Musk, CEO of Tesla, remains the world’s richest with $252 billion.

The surge in Ellison’s wealth is closely tied to Oracle’s remarkable performance on the stock market. On Tuesday, Oracle shares rallied by 11% following the company's quarterly earnings report that exceeded expectations. The stock closed slightly higher at $162.03 on Friday, reflecting an impressive 54% increase in the stock's value this year. This performance places Oracle ahead of most large-cap tech stocks, with the exception of Nvidia, which has risen 141%.

At its annual CloudWorld conference in Las Vegas, Oracle issued an optimistic fiscal forecast, projecting increased revenue through fiscal 2026 and beyond, into fiscal 2029. These projections were well-received by investors, further driving the stock’s rally. Oracle's strong performance is attributed to its enhanced position in cloud infrastructure and the growing adoption of its cloud databases.

Ellison, who co-founded Oracle in 1977 and owns about 40% of the company’s outstanding stock, has been the primary beneficiary of the stock surge. His significant stake in Oracle has solidified his position as a key player in the tech industry. The company’s recent success is also supported by new strategic partnerships with major cloud providers, including Amazon Web Services (AWS), Microsoft, and Google.

Oracle’s new partnerships reflect a broader trend of integrating its database software with leading cloud platforms. As noted by Ellison, Oracle's database will now be available for AWS customers running on Oracle hardware within Amazon data centers. This move is expected to drive substantial growth in both public and private cloud environments.

Ellison emphasized the strategic importance of these partnerships, stating that the ability for Oracle databases to run on AWS, Microsoft, and Google platforms will significantly accelerate database growth in the public cloud. He also anticipates that private clouds, supported by Oracle’s infrastructure, will outnumber public clouds as companies prefer to have Oracle Cloud solutions behind their firewalls.

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