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Larry Ellison’s Net Worth: Oracle co-founder Larry Ellison saw an increase in his net worth which increased by $26 billion (Rs 2 lakh crore) in just one day. After this Ellison became the second richest person in the world. He left behind Mark Zuckerberg and Jeff Bezos. He is now at $243 billion at second rank after Elon Musk who tops the list of world’s richest persons with $411 billion. Who Is Larry Ellison? Larry Ellison is a tech entrepreneur and co-founded Oracle Corporation in 1977 with Bob Miner and Ed Oates. Earlier it was named as Software Development Laboratories (SDL) but later renamed Oracle. In the last five decades Oracle has become a leader in cloud computing and enterprise solutions. Oracle provides cloud applications and infrastructure services to many businesses. It most used services are Customer Relationship Management (CRM): Oracle develops software to help businesses manage customer interactions. Enterprise Resource Planning (ERP): Human Capital Management (HCM) and Supply Chain Management (SCM) used to streamline operations. Cloud Services: Oracle allows companies to store and manage data on its servers by eliminating the need for on-site hardware. Larry Ellison has been a billionaire since 1993 and holds 41% stake in Oracle. Over the years he played a major role in Oracle’s current position. Oracle’s Market Performance Oracle recently announced its financial results for the first quarter of FY2025 reporting a revenue increase of $15.9 billion (Rs 1 lakh crore) an 11% increase from the same quarter last year. It had a net income of  $3.4 billion (Rs 30000 crore). For the previous fiscal year Oracle generated a total revenue of $57.4 billion (Rs 500 lakh crore). After its strong performance Oracle’s stock skyrocketed by 13.5% in a single day closing at $215.22 per share. This surge added a huge amount to Ellison’s wealth taking him to second place in the global rich list.