Amazon founder and former CEO Jeff Bezos has misplaced his world’s second richest title to Oracle’s Larry Ellison. In keeping with Forbes’s World’s Billionaires Checklist, Ellison added a staggering $26 billion to his internet price on Thursday – June 12, pushing his complete wealth to $243 billion — the biggest single-day acquire by any billionaire. The surge locations Ellison forward of Amazon chairman Jeff Bezos ($227 billion) and Meta CEO Mark Zuckerberg ($239 billion), making him the world’s second-richest individual, trailing solely Tesla CEO Elon Musk. In keeping with Forbes, Musk has a complete price of $407.3 billion. The rise in Ellison’s fortune follows Oracle’s blockbuster earnings report earlier this week. The corporate’s inventory soared previous $200 for the primary time after reporting better-than-expected income and revenue for the quarter ending in Could.
Jeff Bezos first turned world’s second richest individual in 2017
Amazon’s Jeff Bezos turned the second richest individual on the planet. His private fortune then jumped to $75.6 billion following an increase in Amazon’s inventory. The e-commerce founder then surpassed investor Warren Buffett.Bezos misplaced his title of world’s second richest individual to Meta CEO Mark Zuckerberg in October 2024. His internet price rose by $78 billion to $206.2 billion then, topping Bezos’ $205.1 billion internet price.
World’s richest man Elon Musk turned richer by $191 million
Earlier this week, Musk’s internet price noticed a notable improve of $191 million, reaching $411.4 billion, shortly after he publicly expressed remorse for his vital social media posts directed at President Donald Trump. The apology, posted on X (previously Twitter), adopted a quick cellphone name between Elon Musk and Donald Trump, signalling a possible reconciliation after days of heated exchanges. Musk’s dispute with Trump started when he criticised a Trump-backed invoice, calling it “The Massive Ugly Invoice” after stepping down from a authorities function. The disagreement escalated, with Musk posting a sequence of harsh feedback about Trump, a few of which he later deleted.