{"id":242,"date":"2026-06-01T17:44:14","date_gmt":"2026-06-01T17:44:14","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=242"},"modified":"2026-06-01T17:44:14","modified_gmt":"2026-06-01T17:44:14","slug":"larry-ellison-becomes-third-richest-man-as-oracle-shares-hit-years-high-passing-bezos-and-brin","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=242","title":{"rendered":"Larry Ellison Becomes Third-Richest Man As Oracle Shares Hit Year\u2019s High\u2014Passing Bezos And Brin"},"content":{"rendered":"
\n

Key Background<\/h2>\n

Larry Ellison cofounded Oracle in 1977 and built it from a database upstart into one of the most valuable software companies in the world. His fortune is no longer a pure tech story. His son David Ellison runs Paramount Skydance, whose roughly $110 billion bid for Warner Bros. Discovery\u2014backed by a committed Ellison-family and RedBird Capital investment\u2014would consolidate franchises from Harry Potter<\/em> to the DC Universe, alongside CBS, CNN and HBO, under an Ellison-backed umbrella. Separately, Oracle’s roughly 15% stake in TikTok’s U.S. business ties the elder Ellison directly to the country’s dominant short-video platform. The combination has pulled the family into a broader debate over media consolidation, foreign investment and the political reach of billionaire dealmakers. Outside of Oracle and Tesla stock, Ellison also owns the Indian Wells tennis tournament and roughly 98% of the Hawaiian island of Lanai.<\/p>\n

Read more Jimmy Kimmel Accuses CBS Of Using \u2018Made-Up Numbers\u2019 While Firing Colbert: \u2018We\u2019re Being Poisoned\u2019<\/a><\/p>\n

Big Number <\/h2>\n

$100 billion. That\u2019s Ellison’s single-day wealth gain during Oracle’s September 2025 surge, which was the largest one-day increase in personal net worth ever recorded as his fortune topped a staggering $400 billion. <\/p>\n

Read more Anthropic Confidentially Files For Its Highly Anticipated IPO<\/a><\/p>\n

Contra<\/h2>\n

Skeptics warn the rally is built on a mountain of spending. Oracle is burning through cash and carries more than $124 billion in long-term debt, and much of the bull case depends on the company actually delivering the AI data centers it has promised, as well as on customers like OpenAI growing fast enough to pay for them.<\/p>\n

Read more Patagonia Will Drop Lawsuit If Drag Queen Stops Using Logo, Selling Merch<\/a><\/p>\n

<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Oracle’s AI-fueled rally just reshuffled the billionaire rankings. <\/p>\n","protected":false},"author":1,"featured_media":241,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nLarry Ellison Becomes Third-Richest Man As Oracle Shares Hit Year\u2019s High\u2014Passing Bezos And Brin - Coast to Coast Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coasttocoastmoverss.com\/?p=242\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Larry Ellison Becomes Third-Richest Man As Oracle Shares Hit Year\u2019s High\u2014Passing Bezos And Brin - 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