In a significant financial development for 2025, Larry Ellison, co-founder and Chief Technology Officer of Oracle, has ascended to the position of the world's second wealthiest individual. His net worth reached an estimated $275.9 billion by July 2025, a testament to Oracle's substantial growth in the artificial intelligence (AI) and cloud computing sectors. Ellison's wealth saw a remarkable increase, surpassing Mark Zuckerberg and Jeff Bezos in June 2025.
This ascent was driven by a notable 32% surge in Oracle's stock value during June 2025. This rise is attributed to the escalating demand for AI solutions and robust cloud infrastructure services. By July, his net worth had climbed to $251.2 billion according to Bloomberg's Billionaires Index, and Forbes reported his net worth at $286.8 billion around the same period. Oracle's Q4 fiscal year 2025 results showed total revenues of $15.9 billion, an 11% increase year-over-year, with net income widening to $3.4 billion.
A key factor fueling this growth was Oracle's strategic "Stargate" initiative, a collaboration with OpenAI and SoftBank announced in January 2025. This project aims to invest up to $500 billion in AI infrastructure over the next four years. Ellison has emphasized the transformative potential of "Stargate," suggesting it could accelerate the development of mRNA cancer vaccines using AI. Oracle's strong performance in fiscal year 2025, with total revenues reaching $57.4 billion, an 8% increase year-over-year, further bolstered investor confidence.
The company's cloud infrastructure revenue alone hit $2.2 billion in Q1 2025, marking a 45% year-over-year increase, largely driven by significant GPU contracts tied to NVIDIA's AI chips. Oracle's total cloud revenue grew 27% to $6.7 billion in a recent quarter, underscoring its competitive strength in the cloud market. Oracle Cloud Infrastructure (OCI) consumption revenue grew 62% in Q4 fiscal year 2025, with the company expecting even faster growth in fiscal year 2026.
Beyond his financial achievements, Ellison's long-term vision is evident in his continued investments in diverse fields. His acquisition of a significant portion of the Hawaiian island of Lanai, initiated in 2012, and the development of the Ellison Institute of Technology underscore his commitment to innovation. The Ellison Institute of Technology, with campuses in Los Angeles and Oxford, focuses on advancing solutions in health, clean energy, agriculture, and AI, aiming to address critical global challenges.
As 2025 progresses, Larry Ellison's journey highlights a profound understanding of technological evolution. Oracle is positioned not just as a database leader but as a formidable force in the AI and cloud infrastructure landscape, actively shaping the future of technology and its societal impact.