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Oracle’s Larry Ellison sees multi-billion-dollar increase in net worth

Oracle co-founder and CTO Larry Ellison’s net worth soared following Wall Street’s positive reaction to the company’s fourth-quarter results.

Forbes, which tracks the wealth of billionaires, reported on Wednesday that Ellison’s fortune had increased by more than $15 billion. The day before, Oracle CEO Safra Catz said she expects “remaining strong demand for AI, further increasing Oracle’s revenue and RPOs, and driving double-digit revenue growth” in fiscal 2025.

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As Oracle’s stock price has soared, Ellison’s net worth has risen, making him the fifth-richest person in the world with an estimated fortune of $171.1 billion as of Thursday morning.

Larry Ellison, Chief Technology Officer, Oracle, delivered a keynote address at the 2019 Oracle OpenWorld in San Francisco, California on September 16, 2019. (Justin Sullivan/Getty Images/Getty Images)

According to the media, there are only four billionaires in the world with personal assets greater than the Oracle founder’s current net worth.

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