Larry Ellison is $19 billion richer after Oracle shares rally the most since 2021
Publishing timestamp: 2024-06-12 16:06:09
Summary
Larry Ellison's 42% stake in Oracle increased in value by $18 billion after the company forecast double-digit revenue growth. Ellison remains a leading figure at Oracle and is now the fifth-richest person in the world. The stock soared 13% and analysts raised their price targets. Ellison's stake is set to increase further as stock options granted to him in the past will expire.
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