Uncover the Profile of the Tech Billionaire Ranking Fourth Among the World’s Wealthiest
Who is Larry Ellison and why is he so relevant?
Larry Ellison, co-founder of Oracle Corporation, amassed a total fortune of USD 193 billion in 2024, making him the fourth richest man on the planet. This wealth positions him above figures such as Bernard Arnault, Larry Page, Sergey Brin, and even Bill Gates and Warren Buffett.
Artificial intelligence, the engine of his success
Ellison’s rise in 2024 was driven by artificial intelligence (AI). The company has developed cloud infrastructure that has become essential for tech giants like OpenAI and Meta Platforms.
According to Paras Jain, CEO of Genmo, Oracle’s graphics processing unit (GPU) offers a significant advantage over other providers. “Oracle produced a product that is different from what you can get elsewhere,” Jain explained, highlighting the performance of their “bare metal” computers, which sometimes outperform virtualization-based options.
This competitive advantage allowed Oracle Cloud Infrastructure to increase its year-over-year revenue by 52% in the last quarter, reaching total sales of USD 14.06 billion.
Beyond the numbers: Larry Ellison’s legacy
Ellison has not only amassed an impressive fortune, but has also solidified his place as one of the most influential technological visionaries. Although his name is not often mentioned alongside Elon Musk or Jeff Bezos, his impact on technological and financial development positions him as a key figure in the industry.
Oracle’s success in such a competitive market underscores the importance of innovation and the ability to adapt to technological trends, such as artificial intelligence, which continue to reshape the global landscape.
Larry Ellison ended 2024 as an example of how to seize technological opportunities to achieve unprecedented growth, solidifying his place among the giants of the financial world.
Source:
