Will Larry Ellison Be The New Richest Man? Not If Elon Can Help It
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Who’s Larry Ellison? Oh, the CEO of Oracle. What’s Oracle? Oh, it’s a software company, sorry, I’m just learning all this in real time. That’s crazy that this guy could become the richest man in the world and I’ve never heard of him. Maybe I should have, maybe it’s my job…
Anyway! Oracle’s shares surged 30% today, reaping the rewards from the AI boom and giving hope that maybe the bubble isn’t burst. Maiyyyyybai.
All this means that Oracle’s co-founder Larry has cashed in another $70 billion (!!!), ratcheting him up to $384 billion, making him the second richest man in the world. Watch your ass, Elon Musk.
Elon Musk who only has $20 billion more (‘only’ jesus christ), responded to the announcement, saying, “I will kill you, Larry. I will kill you. THERE CAN BE ONLY ONE!”
If this trajectory continues, Larry would have the largest one-day increase ever recorded on the index. Obviously, the index doesn’t record everyone otherwise, they’ve give me the crown of largest one-day increase after my cousin Bogdan lent me $40, when I only had $4 at the time, so that’s a 10x increase right there.
Oracle’s mostly a cloud computing service and was late to pivot to AI, but was perfectly poised to use all its data centres for AI which is why we’re in this whole mess. Oracle person, Safra Catz (cool name) said that Oracle signed “four multibillion-dollar contracts with three different customers” in the three months to the end of August. So yeah, mega bucks.
More about Larry? Ok, sure. He owns a tennis tournament (how?). He owns an island, like 98% of the Hawaiian island Lanai. You know, classic rich guy shit. He originally made Oracle as a CIA database. He was an early investor in Tesla so has a 1.4% stake which means he’s 1.4% bleeding Elon dry.
So yeah, are we going to have a new random rich guy that we’re going to have to learn about? Maybe he’ll buy a social media? Maybe he’ll run for president? Who knows! The sky’s the limit when you’re a rich. There is literally nothing that is illegal for you.
For more tech news, Don’t Invest In OpenAi Says OpenAI, Wait, What?
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