Oracle shares closed up 5.1% on Monday, continuing their recently rally and propelling Chairman Larry Ellison to become the world’s second-richest person, snatching the title from Amazon founder Jeff Bezos.
Since the close of trading Friday, Ellison’s net worth has jumped $8.1 billion to reach roughly $206 billion, according to Forbes’ real-time billionaires list. Bezos, who had been the second-richest person on and off since 2016, is worth $203 billion. Tesla CEO Elon Musk sits at the top of the list, with a net worth of $251 billion.
Oracle’s stock has climbed to new highs after the company reported earnings last week that surpassed expectations and boosted its fiscal 2026 revenue forecast. The stock surge caused Ellison to briefly pass Bezos as the world’s second-richest person on Friday, before the Amazon founder reclaimed the title.
Shares of Oracle are up 20% for the month. If the rally stops there, it would be their best …