Larry Ellison tops Mark Zuckerberg as world's 2nd richest -- here's the top 10 [View all]

Meta (META) CEO Mark Zuckerberg is no longer the second-richest person in the world. That title now belongs to Oracle (ORCL) founder Larry Ellison.

According to the Bloomberg Billionaire Index, gains of over $60 billion this year brought Ellison's net worth up to $257 billion, surpassing Zuckerberg's $247 billion, as of July 17.

The switch in ranks came after surges in Oracle stock this summer, with Ellison's net worth jumping over $40 billion across three days in mid-June. Ellison, who founded Oracle in 1977 and served as its CEO for 37 years, owns approximately 40% of the software company.

Earlier this week, Oracle also announced its plans for a $3 billion investment into AI and cloud infrastructure in Germany and the Netherlands over the next five years. This follows the company's continued push in artificial intelligence, including its participation in President Trump's Project Stargate.

https://finance.yahoo.com/news/larry-ellison-tops-mark-zuckerberg-as-worlds-2nd-richest--heres-the-top-10-185507652.html

Many people will be losing subsidized housing but billionaires have gained more money.