Larry Ellison is $15 billion richer after Oracle's best day on stock market since 2021
Publishing timestamp: 2024-03-12 17:44:58
Summary
Oracle shares soared almost 12% on Tuesday, lifting Larry Ellison's wealth by over $15 billion. Ellison, who founded Oracle in 1977, is the company's biggest stakeholder, with shares in the software company worth about $146 billion. The increase in demand for Oracle's AI technology is allowing Ellison to tout the company's expansion in the industry's hottest market. Oracle's stock has outperformed the S&P 500 over the past year, with shares spiking 52%. Unlike Jeff Bezos, Ellison has been holding onto all his stock rather than selling off chunks.
Sentiment: POSITIVE
Tickers: META, AMZN, BA, ORCL,
Keywords: technology, meta platforms inc, jeff bezos, amazon.com inc, boeing co, larry ellison, mark zuckerberg, social media, business, oracle corp, business news, breaking news: technology,
Source: https://www.cnbc.com/2024/03/12/larry-ellison-makes-15-billion-from-oracle-best-day-since-2021.html