Larry Ellison becomes world's No. 2 billionaire, pushing Jeff Bezos to fourth

Synopsis
Jeff Bezos has slipped to fourth place on the Forbes Billionaires List as Oracle co-founder Larry Ellison climbs to the No. 2 spot with a net worth of $258.8 billion, surpassing both Bezos and Mark Zuckerberg. The rally in Oracle shares fueled Ellison's rise. Elon Musk remains the world's richest, followed by Warren Buffett and Larry Page in fifth and sixth positions.

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India.com

4 hours ago

• India.com

Meet man who flies military aircraft, owns a private island, much wealthier than Mukesh Ambani, Adani; net worth is Rs..., he is world's second....

Larry Ellison is wealthier than Mukesh Ambani and Gautam Adani combined. (File) Oracle co-founder Larry Ellison has replaced Meta chief Mark Zuckerberg as the second-richest individual in the world, boasting a net worth of $247.9 billion, which is more than the combined wealth of Indian business tycoons Mukesh Ambani ($109.5 billion), and Gautam Adani ($62.6 billion). Who is Larry Ellison? Larry Ellison is the co-founder of US multinational tech giant Oracle Corporation. The 80-year-old owns 41 percent of the company's shares, and his wealth has exponentially increased due to a recent surge in Oracle's stock prices. As per Bloomberg, Ellison's wealth surged by a whopping $41 billion in just two days, including $25 billion in a single day last week. Larry Ellison co-founded Oracle in 1977 as a database software company, and over the years, the firm has transformed into a global cloud computing powerhouse. Ellison, 80, currently serves at the Chairman and CTO at Oracle. Larry Ellison net worth Owing to the stellar performance of Oracle stocks, Larry Ellison's net worth has surged to $247.9 billion, making him the second wealthiest person globally, behind Tesla CEO Elon Musk– the world's richest man– who has a net worth of $409 billion, according to Forbes Real-Time Billionaires List. Interestingly, Larry Ellison has more wealth than the total annual GDP of some small countries including, Hungary ($237 billion), Qatar ($222 billion), Ukraine ($205 billion), Nigeria ($188 billion), Morocco ($165 billion) and Kuwait ($153 billion). Larry Ellison's bold and flashy lifestyle Unlike many billionaires who prefer to lead quieter lives, Larry Ellison is known for bold and flashy lifestyle, which can be gauged from the fact that he is a licensed fighter jet pilot and owns a military aircraft. Ellison likes to live a lavish lifestyle, and even owns a private island in Hawaii. In 2012, Ellison purchased 98% of Lanai, Hawaii's sixth largest island, for a reported $300 million. Larry Ellison and Elon Musk Larry Ellison is a close friend of Elon Musk, and is a major investor in Musk's Tesla. 'I don't know how many people know this… but I am a close friend of Elon Musk and a big investor in Tesla,' Ellison revealed in a 2018 interview. The Oracle boss has also come to Musk's defense during several controversies involving the world's richest man.

Time of India

7 hours ago

• Time of India

Lavish surprises await VIPs as Jeff Bezos and Lauren Sanchez reveal extravagant wedding gifts at Venice

Jeff Bezos and Lauren Sanchez are preparing for what promises to be the most extravagant wedding of the century. They are set to tie the knot surrounded by friends and family in a lavish wedding in Venice. This celebration is far from ordinary, with handcrafted gifts, a $500 million yacht, and a star-studded guest list. Where will the wedding be held? Jeff Bezos' $500 million superyacht Koru will be anchored off the coast of San Georgio Maggiore island, as per a report by the Daily Mail. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Top 25 Most Beautiful Women In The World Articles Vally Undo The island is 'off-limits to visitors' from June 24 to June 29, they disclosed, and the mayor of Venice thinks the wedding will happen on the yacht then. Rumors suggest that the Amazon CEO has reserved the Scuola Grande della Misericordia, one of the biggest and most imposing structures in Venice's historic center, for the multi-day celebration, as per a report. Live Events ALSO READ: Why was the Doomsday Plane flying over the U.S last week — are fears of an attack on U.S soil imminent? Who will be at this star-studded celebration? The multi-day event, which costs between $15 and $20 million, promises A-list glamour and Italian delights. Less than 200 people are believed to be on the guest list, and celebrities like Orlando Bloom, Kris Jenner, Kim Kardashian, Katy Perry, and even members of the Trump family are rumored to be among them. What lavish gifts will guests receive? An insider has now disclosed the incredibly expensive gift that the VIP guests will receive, as per a report by the Daily Mail. Guests will be treated to handcrafted glassware and other opulent gifts while being transported between a private island and a $500 million yacht. Laguna B, a local glassmaker, will be supplying each guest with hand-blown glassware. The handcrafted glassware has floral accents, stripes, and vibrant colors. Each of the glasses has a unique design and motif, and a large-size cup costs $167. The guests will have more than just the handcrafted glassware. A wedding planner who is not involved in this event has heard that guests will receive more "opulent" gifts for coming, the insider told Daily Mail. Although the nature of those additional presents is unknown, Sanchez is known to enjoy stylish designer handbags, such as the $5,750 Balenciaga 9AM Coffee Cup Clutch Bag that she was spotted wearing in March. A few more luxurious surprises will be given to guests while they are in Italy for the wedding. For the lavish weekend, the local bakery Rosa Salva Venetia will be serving pastries like fritelli, a classic Italian fried treat, and tiramisu, which are flaky pastries filled with cream, as per a report by the Daily Mail. FAQs What gifts will the guests take home? Each guest will receive handblown Murano glassware, with additional opulent gifts rumored to be included. Where will the wedding be held? The celebrations will take place in Venice, with guests transported between an exclusive island and Bezos' $500 million yacht.

Hindustan Times

8 hours ago

• Hindustan Times

Jeff Bezos and Lauren Sanchez's meet-cute and why they chose Venice for their wedding

Jeff Bezos and Lauren Sanchez are set to tie the knot in Venice later this month. Long before they became one of the world's most watched power couples, the Amazon founder and Lauren Sanchez crossed paths through mutual connections in media and business. At the time, Sanchez, an Emmy-winning TV anchor and helicopter pilot, was married to talent agent Patrick Whitesell. Bezos, too, was married to MacKenzie Scott; however, the soon-to-be married couple were introduced by shared acquaintances, as reported by Marca. Jeff Bezos and Lauren Sanchez are set to marry in Venice from June 24 to 26. REUTERS/Danny Moloshok/File Photo(REUTERS) Jeff Bezos and Lauren Sanchez's friendship grew stronger around 2018, particularly when she became involved with aerial filming for Bezos' firm Blue Origin. In early 2019, shortly after Jeff Bezos announced his divorce from Scott, he made his relationship with Lauren Sanchez public. What began as a professional rapport deepened into a personal bond, shaped by shared interests- space exploration, philanthropy, and media. In 2023, Bezos proposed to Sanchez during a Mediterranean getaway aboard his superyacht, Koru. Now, the couple is preparing to tie the knot in Venice with a lavish three-day celebration from June 24 to 26. Also read: Jeff Bezos and Lauren Sanchez gear up for the Venetian wedding of the year; here's how much it costs and other details Venice braces for crowds While Venice is known for its grandeur, not everyone is thrilled about the scale of the wedding. According to Il Gazzettino, the city's council director, Morris Ceron, played a key role in bringing the wedding to Venice after being tipped off months earlier by designer Domenico Dolce. Ceron reportedly saw the event as a global showcase for the city, even as locals voiced concern over tourism-related stress and rising waters. As reported by The Telegraph, the estimated cost of Jeff Bezos and Lauren Sanchez's wedding could climb to a staggering $16 million (around £11.9 million). The breakdown is just as lavish. Roughly $1 million is said to be set aside for floral arrangements and venue décor alone. Wedding planning services could cost up to $3 million, while renting historic Venetian sites may add another $2 million. Catering might run close to $1 million, and Sanchez's outfits across the multi-day event are expected to cost around $1.5 million. FAQs: How did Jeff Bezos meet Lauren Sanchez? They met through mutual business and media contacts while she was still married, as reported by Marca. What ethnicity is Lauren Sanchez? She is of Mexican-American descent. Are Jeff Bezos and Lauren Sanchez still together? Yes, they are engaged and set to marry in June 2025.