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India.com
6 days ago
- Business
- India.com
Meet World's second richest person, a college dropout who surpassed Mukesh Ambani, Gautam Adani, Jeff Bezos, Mark Zuckerberg in earnings, his net worth is…
New Delhi: Larry Ellison, Oracle co-founder, has now become the second-richest person in the world. According to the reports, in July 2025, Ellison's total net worth surged to USD 275.9 billion (approximately Rs 23 lakh crore). Driven by Oracle's massive stock price rise of 32 percent, Ellison witnessed this incredible rise. However, it is important to note that Ellison still owns 41 percent of the company, which helped him earn USD 56 billion in June alone. He has now surpassed Jeff Bezos and Mark Zuckerberg to take the second spot after Elon Musk. The Larry Ellison value today reflects not just wealth—but enduring vision, control, and influence in tech and AI infrastructure. Net worth soared due to Oracle's 32% stock surge in June 2025 Currently ranks second richest in the world, ahead of Zuckerberg The Larry Ellison Story Larry Ellison was born in 1944 to an unmarried Jewish mother, Florence Spellman. His biological father was an Italian-American U.S. Air Force pilot. His mother gave him up for adoption to her aunt and uncle, Lillian and Louis Ellison. He was raised in a modest environment in Chicago with his uncle and aunt. He dropped out of college twice and later worked as a programmer at companies like Amdahl and Ampex. Raised in the Bronx and fueled by a drive to build, he co-founded Oracle, landed landmark deals, and transformed enterprise computing forever. Along the way, he also acquired a taste for big bets—from fighter jets to Hawaiian islands. All You Need To Know about Larry Ellison: In 1977, he started Oracle with just $2,000 and two friends, Bob Miner and Ed Oates. The company's first big break came when the CIA gave them a contract for a special database project called 'Oracle.' Oracle launched the first SQL-based commercial database software, which revolutionized the world of data management within two years. Ellison has transformed Oracle from just a database company into a giant in AI and enterprise technology. Even after stepping down as CEO in 2014, he has remained active as Chairman and Chief Technology Officer. He steered Oracle to focus on AI-ready infrastructure and cloud services, giving tough competition to giants like Amazon and Microsoft. Oracle acquired major companies like Sun Microsystems and NetSuite, and made significant investments in AI How Much Share Does Larry Ellison Have in Oracle? Ellison owns approximately 40–42 percent of Oracle's outstanding shares—a rare level of founder control in today's era. This concentrated ownership not only fuels his wealth but also cements his influence on Oracle's board decisions and strategic direction. That equity stake, combined with Oracle's stock rally, rapidly propelled his net worth past USD 290 billion.
Time of India
16-07-2025
- Business
- Time of India
Who is Larry Ellison? Billionaire surpasses Jeff Bezos and Mark Zuckerberg with $275 billion net worth
In a dramatic reshuffling of the global billionaire rankings, Oracle co-founder Larry Ellison has surged to the second spot, overtaking and Mark Zuckerberg. His net worth has skyrocketed to an estimated $275.9 billion as of July 2025, following a 32% surge in Oracle's stock in June alone. Tired of too many ads? go ad free now Ellison, who still owns nearly 41% of the company, gained more than $56 billion in just over a month. The tech mogul's leap in wealth reflects Oracle's rising influence in cloud computing and AI, making him one of the most powerful figures in the new tech economy, second only to Elon Musk. Larry Ellison's journey from dropout to tech titan Born in 1944 in New York City and raised in a modest Chicago neighborhood by his aunt and uncle, Larry Ellison's path was far from traditional. He dropped out of two colleges before working as a programmer at companies like Amdahl and Ampex. In 1977, he co-founded Oracle with just $2,000 and two partners, Bob Miner and Ed Oates, inspired by a paper on relational databases from IBM. Oracle's first big break came when the CIA contracted Ellison's firm to build a database system, code-named 'Oracle.' That deal gave the company both its name and a high-profile launchpad. Within two years, Oracle released the first commercial SQL-based database product, revolutionizing data management. Oracle's evolution and rise in AI Under Ellison's leadership, Oracle became the global leader in database software and enterprise technology. Even after stepping down as CEO in 2014, Ellison stayed closely involved as chairman and chief technology officer. His strategic push into cloud computing and AI has paid off handsomely. Tired of too many ads? go ad free now Oracle's recent growth has been powered by demand for AI-ready infrastructure and enterprise cloud services, placing it in direct competition with tech giants like Amazon and Microsoft. Massive investments in AI, along with strategic acquisitions such as Sun Microsystems and NetSuite, have helped Oracle become a major player in the AI arms race. A billionaire lifestyle with lasting tech impact At 80, Ellison is not only a tech visionary but also one of the world's most flamboyant billionaires. He owns multiple properties, including a Hawaiian island (Lanai), luxury yachts, and high-end real estate in California and Japan. Despite his wealth, Ellison remains deeply involved in Oracle's innovation strategy. Ellison's rise is not just a story of stock gains. It is a reminder that foundational tech infrastructure, often overshadowed by social media and e-commerce, is once again central to the digital economy. From building databases in the 1970s to driving AI innovation in the 2020s, Ellison's influence spans nearly five decades of tech evolution.
Yahoo
18-04-2025
- Business
- Yahoo
How baby chickens became America's hottest commodity
Murdoch's Ranch & Home Supply in Helena, Montana doesn't often see a crowd. But, these days, the line to get in the door can be hours long. People have yelled at one another as they jockey for position and, inside, employees field as many 200 calls a day from eager patrons. Everyone is after the same thing: baby chickens. 'It's pretty ridiculous,' said Kira Amdahl, who works there. Chicks typically spend days, if not weeks, at the store before finding a home. 'Now people are coming in and [we are] selling out within an hour.' Murdoch's isn't the only place turning people away. Nationwide, the demand for chickens has far outstripped supply, leaving would-be poulterers scrambling to find baby birds. But, experts say, the chick crunch is not directly linked to the avian influenza — also known as bird flu — that's plagued the country. For the most part, the number of chicks on offer to hobby farmers hasn't dipped. 'It's not necessarily a chick shortage as there is increased demand,' said Tom Watkins, the President and co-owner of Murray McMurray Hatchery in Webster City, Iowa. Where he usually sees a two or three week wait for chickens, he's sold out for the rest of the year. 'I went into last fall thinking we'd have a slowdown. By the end of January, I knew it was going to be one of those different years.' Why? Because the bird flu outbreak has raised the price of eggs. According to Federal Reserve Economic Data, a dozen eggs cost $3.37 in October. They crossed the $5 mark in January, and, last month the price was up to $6.23. As costs have ratcheted up, so too has the appeal of raising layers at home. A Reddit post about the run on chicks has hundreds of upvotes, while other folks are getting around the problem by trying to hatch their own birds at home. 'Every time we have a downturn in the economy, people turn to self-sufficiency,' said Scott Beyer, an assistant professor and poultry expert at Kansas State University. Such was the case during the Great Recession, and again during the pandemic. This time it's egg prices, and Beyer said it could take months, if not years, for commercial flocks to recover enough to stabilize the market. But, he said, that recovery will happen, and an over-correction could even mean that 'soon they'll be discounted.' Such swings worry Amdahl. Her store sells chicks for about 11 weeks every spring, and it is going through almost a dozen birds per customer. Last time she saws a boon like this, during COVID, it was only a few months before customers started posting flyers and Craigslist ads looking to rehome their rapidly growing chickens. Some birds got abandoned, or killed. 'It's just sad,' said Amdahl, explaining that many people don't realize what it takes to raise chickens. While their food might be affordable, the startup costs can be significant — from coops and shavings to feeders and potentially vet bills. Then winter comes, and there's insulation, heat lamps and warming strips to keep water from freezing. 'It's a lot of work.' When done right, however, Beyer says that raising chickens can be economical and environmentally friendly. 'Eggs from home are one of the easiest ways to grow protein for your plate,' he said. 'We need more people to have experience with growing food and keeping animals.' The one curveball currently, Beyer said, is the price of the chicks, which have spiked along with the surge in interest. That could make the payback period unrealistically long. But Watkins says he's seen the demand start to ease and 'at some point you will serve all the people who will keep chickens.' For now, though, the race for chicks continues. 'We've been maintaining 2,000 phone calls a day for the last couple months,' said Watkins, of a volume that is at least triple what it usually is. 'The demand is hard to keep up with.' This story was originally published by Grist with the headline How baby chickens became America's hottest commodity on Apr 18, 2025.
