Net Worth Soars by 54 Trillion Won... Oracle Founder Jumps to World’s No. 2 Richest

Becomes the World's Second Richest Person
Thanks to Oracle's Stock Rally

The share price of Oracle, the American software company, surged on the back of strong performance in its cloud and database businesses, resulting in a more than $40 billion (approximately 54.72 trillion won) increase in the net worth of its founder and chairman, Larry Ellison. This leap enabled him to surpass Amazon founder Jeff Bezos and Meta CEO Mark Zuckerberg, climbing to the No. 2 spot on the global wealth ranking.

According to the U.S. business media outlet Fortune on the 19th (local time), Ellison's current net worth is estimated at about $250.9 billion (approximately 343.5573 trillion won). This figure puts him ahead of Mark Zuckerberg ($240 billion) and Jeff Bezos ($229 billion). The top spot is held by Elon Musk, CEO of Tesla, whose net worth stands at $405.8 billion (approximately 555.734 trillion won).

Larry Ellison, Co-founder and CEO of Oracle. Photo by UPI Yonhap News

Ellison owns about 41% of Oracle's shares, so the rise in the stock price led to a significant increase in his wealth. Before the earnings announcement, his net worth was around $213 billion (approximately 291.84 trillion won), but it jumped by more than $40 billion (about 54.72 trillion won) over two days.

The sharp rise in the share price was due to Oracle delivering results that exceeded market expectations in its fiscal year 2025 earnings announcement. Total revenue for fiscal year 2025 reached $57.4 billion (approximately 78.643 trillion won), up 8% from the previous year, and fourth-quarter revenue came in at $15.9 billion (about 21.751 trillion won). Earnings per share (EPS) were $1.70, beating Wall Street estimates. Oracle's stock price soared 13% the day after the earnings release and continued its upward trend through the weekend, reaching an intraday high of $215 before closing at $199.86, marking a new all-time high on a closing basis.

There is a growing assessment that Oracle, once classified as a traditional software company, has regained growth momentum by meeting rising market expectations amid expanding demand for AI and cloud infrastructure. Oracle stated, "Fiscal year 2026 will be a pivotal turning point due to growing demand for AI training," expressing strong confidence in its future growth.