Oracle founder and chairman Larry Ellison saw a massive increase in his net worth after the company he founded predicted double-digit revenue growth for the upcoming fiscal year. With his net worth now worth close to $171 billion, Ellison is the fifth-richest person in the world. Despite being out of the CEO role for a decade, Ellison still remains heavily involved in the company and is optimistic about the future, mentioning Oracle's advancements in data center construction and partnerships with major cloud providers. Oracle's stock also saw a significant increase and received positive price target adjustments from multiple analysts.
Oracle's Impressive Growth Spurs Ellison's Net Worth Surge
Oracle Corporation, a leading provider of enterprise software and cloud computing services, has recently witnessed remarkable financial growth, fueling a substantial increase in the net worth of its founder and chairman, Larry Ellison.
Ellison's Net Worth Soars
Ellison's net worth has skyrocketed to nearly $171 billion, making him the fifth-richest person in the world. This surge is primarily attributed to Oracle's announcement of double-digit revenue growth projections for the upcoming fiscal year.
Despite stepping down as CEO a decade ago, Ellison remains actively involved in Oracle's operations and is optimistic about its future. He has highlighted the company's advancements in data center construction and partnerships with major cloud providers as key factors driving its success.
Oracle's Stock Performance
Oracle's stock price has also experienced a significant rise, fueled by positive sentiment from investors. Multiple analysts have adjusted their price targets upward, reflecting confidence in the company's growth prospects.
Top 5 FAQs
1. What factors contributed to Ellison's net worth surge? A: Oracle's predicted double-digit revenue growth and positive stock performance were the primary drivers.
2. When did Ellison step down as CEO of Oracle? A: Ellison transitioned from CEO to CTO and chairman in 2014.
3. What areas does Ellison believe are driving Oracle's growth? A: Data center construction and partnerships with cloud providers are key areas he has emphasized.
4. How has Oracle's stock performed recently? A: Oracle's stock has seen a significant increase, with analysts raising their price targets.
5. What is Oracle's focus going forward? A: Oracle is committed to expanding its cloud offerings, investing in data centers, and strengthening customer relationships.
In a significant move, Tesla, the renowned US electric vehicle manufacturer, has opened its first showroom in Mumbai, marking its formal entry into the Indian market. Maharashtra's chief minister, Devendra Fadnavis, inaugurated the swanky "Experience Centre" at BKC, expressing his delight at Tesla's choice of Mumbai as its first location in the country. The company plans to set up four charging stations in the city, highlighting Maharashtra's growing prominence as a leader in EVs and mobility. Pricing for Tesla's popular Model Y starts at Rs 59.89 lakh and deliveries are expected to begin in the third quarter of 2025.
Introduce your child to important financial concepts such as savings, assets, budgeting, and loans, to set them up for a stable and secure economic future. Teaching children about the value of saving money, investing in assets, planning budgets, and responsibly managing loans can help them develop crucial financial management skills from an early age. These basic terms and principles lay the foundation for a financially literate and responsible adult.
After years of speculation, Tesla has finally made its entry into the Indian market with the opening of its first showroom in Mumbai's Bandra Kurla Complex. The company will also be setting up a network of charging stations across the country, with plans to open 4 stations and 16 destination chargers in Delhi as well. The highly-anticipated Model Y will be the first car to be available in India, with two variants and deliveries expected to start in the upcoming months. This move marks a major step forward in Tesla's expansion into the global EV market.
After much anticipation, Tesla has finally made its entry into India by launching its Model Y electric vehicle. The first showroom, Tesla Experience Centre, is situated in Mumbai's Bandra Kurla Complex and offers a glimpse of the company's cutting-edge technology. The Model Y boasts a sleek design, a spacious interior with a large touchscreen, wireless charging, and voice command features. The car is powered by Tesla's self-designed chips and uses AI and deep learning for its self-driving capabilities. With a starting price of Rs 59.89 lakh, the Model Y is all set to revolutionize the Indian electric vehicle market.
At the launch of Tesla's electric vehicles in India, Maharashtra Chief Minister Devendra Fadnavis expressed optimism about the company's future plans for manufacturing and Research and Development in the country. Despite previous speculation, Tesla has yet to indicate any intention of local production. The company also revealed the on-road price for its Model Y, starting at ₹59.89 lakh. This comes after a recent post hinting at a July 2025 debut for Tesla in India.
Hyundai's N Performance Division, which is responsible for the brand's high-performance cars, has confirmed that they are working on new versions of the popular i20 N and i30 N "hot hatches". The brand's N division boss, Joon Park, confirmed that they are not limiting themselves to electric vehicles, despite the success of the Ioniq 5 N. The new models will most likely use a hybrid powertrain, as the brand wants to balance affordability and profit margins. However, they are facing challenges with regulations in the European market and may have to use a different engine than the 2.0-litre turbo found in the previous i30 N.
Maharashtra Chief Minister Devendra Fadnavis welcomes the entry of Tesla into the Indian market with the launch of its Experience Centre in Mumbai, expressing hope for future research, development, and manufacturing facilities in the state. The CM sees Mumbai and Maharashtra as a perfect fit for Tesla, given their reputation for entrepreneurship, innovation, and sustainability. He also emphasizes the state's strong foundation for electric vehicle growth, including EV-friendly policies and a manufacturing hub.
The recent national workshop jointly organised by the United Nations ESCAP and the Ubuntu Consortium in Bengaluru highlighted the significant role of digital empowerment in propelling women-led MSMEs towards economic success. With over 3,300 women already undergoing digital training through the collaboration, the workshop brought together experts and entrepreneurs to explore ways of bridging the gender gap in India's export market. As the pandemic crisis has turned into a digital opportunity, the upcoming Ubuntu events on November 19 and August 1-3 are set to further boost the growth of women entrepreneurs in the country.
Feedback is a crucial aspect of the creative process, but it can also lead to chaos, dilution, and burnout for creative teams. ButtonShift's CEO sheds light on the negative impact of uncontrolled feedback, which often leads to multiple versions, conflicting voices, and a lack of confidence in the original idea. The modern-day feedback system has become a puzzle, causing delays and hindering momentum for creative teams.
Cognition announced the acquisition of IDE platform Windsurf, along with its IP, product, trademark, and talented workforce. This development follows the recent hiring of Windsurf's CEO and other key personnel by Google DeepMind. With the integration of Windsurf's platform and Cognition's AI agent Devin, developers can now plan, delegate, and execute code tasks all within a single interface. This acquisition is a major step towards Cognition's goal of reshaping software development through AI technology.