A country running by keeping terrorists', Mafias' and corrupt politicians black money safe shall not lecture India. #India #Switzerland #UnitedNations
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New York - In a dramatic shift at the top of global wealth rankings, Oracle co-founder Larry Ellison has surpassed Elon Musk to become the world’s richest individual for the first time. A Historic Wealth Surge On Wednesday, Oracle’s stock soared by approximately 40–42% after delivering earnings that far exceeded analyst expectations. The company attributed this surge to explosive demand for its cloud infrastructure, driven by artificial intelligence use cases and massive new contracts. As a result, Oracle’s share price jump triggered a staggering $101 billion increase in Ellison’s net worth—marking the largest single-day gain ever recorded by the Bloomberg Billionaires Index. Ellison’s Oracle stake, valued around $393 billion, now eclipses Musk’s net worth, estimated at $384–385 billion. Oracle’s Stock jumped over 40% following an extraordinary quarterly outlook. Bookings hit $455 billion—a massive leap from the $138 billion previously—and included multibillion-dollar deals with heavyweights like OpenAI, Meta, and Nvidia. Analysts report that Oracle plans to scale its infrastructure revenue from $18 billion to $144 billion over the next five years and has raised its capital spending forecast to $35 billion. Ellison, 81, co-founded Oracle in 1977 and now serves as its executive chairman and chief technology officer The Numbers Behind the Leap Oracle’s Stock jumped over 40% following an extraordinary quarterly outlook. Bookings hit $455 billion—a massive leap from the $138 billion previously—and included multibillion-dollar deals with heavyweights like OpenAI, Meta, and Nvidia. #LarryEllison
