Oracle's Stock Rally
's shares soared over 6%, boosting 's net worth to $209 billion and briefly making him the world's second-richest person, surpassing .
The stock's ascent, up 23% for the month, is attributed to Oracle's strong earnings report and its role in the AI boom, including partnerships with Amazon, , and .
Wealth Rankings and Market Impact
Ellison's financial leapfrogged him over to become the fourth-richest person, with a notable $58 billion gain this year, reflecting Oracle's stock performance.
The dynamic between Ellison and Bezos in the wealth rankings fluctuated throughout the week, highlighting the volatility and competitive nature of billionaires' net worths amidst stock market movements.