Amazon founder and former CEO Jeff Bezos has lost his world’s second richest title to Oracle’s Larry Ellison. According to Forbes’s World’s Billionaires List, Ellison added a staggering $26 billion to his net worth on Thursday – June 12, pushing his total wealth to $243 billion — the largest single-day gain by any billionaire. The surge places Ellison ahead of Amazon chairman Jeff Bezos ($227 billion) and Meta CEO Mark Zuckerberg ($239 billion), making him the world’s second-richest person, trailing only Tesla CEO Elon Musk. According to Forbes, Musk has a total worth of $407.3 billion. The increase in Ellison’s fortune follows Oracle’s blockbuster earnings report earlier this week. The company’s stock soared past $200 for the first time after reporting better-than-expected revenue and profit for the quarter ending in May.
Jeff Bezos first became world’s second richest person in 2017
Amazon’s Jeff Bezos became the second richest person on the planet. His personal fortune then jumped to $75.6 billion following a rise in Amazon’s stock. The e-commerce founder then surpassed investor Warren Buffett.Bezos lost his title of world’s second richest person to Meta CEO Mark Zuckerberg in October 2024. His net worth rose by $78 billion to $206.2 billion then, topping Bezos’ $205.1 billion net worth.
World’s richest man Elon Musk became richer by $191 million
Earlier this week, Musk’s net worth saw a notable increase of $191 million, reaching $411.4 billion, shortly after he publicly expressed regret for his critical social media posts directed at President Donald Trump. The apology, posted on X (formerly Twitter), followed a brief phone call between Elon Musk and Donald Trump, signalling a potential reconciliation after days of heated exchanges. Musk’s dispute with Trump began when he criticised a Trump-backed bill, calling it “The Big Ugly Bill” after stepping down from a government role. The disagreement escalated, with Musk posting a series of harsh comments about Trump, some of which he later deleted.
