Photo: Reuters
Larry Elison becomes 6th richest person after earning $1.3 Billion Overnight
Mr Ellison founded Oracle Corporation in 1977, which now specializes in developing and marketing database and software technology and and cloud engineered systems - it is the second biggest software company in the world after Microsoft.
The 71-year-old is currently worth $48.7billion, making him the sixth richest person in the world, ahead of the Facebook founder, who held the spot on Tuesday, Forbes reported.
Mark
Zuckerberg (left) has dropped one place on the world's rich list after
Larry Ellison (right) made $1.3bn overnight after shares in his company
rose
Zuckerberg is worth $48.3billion, up $100 million, but not enough to maintain his position in the global wealth rankings.
Oracle's stock is up nearly 4 per cent from Tuesday's close in New York, despite the business reporting a fall in profits.
The two tech entrepreneurs and billionaires hold the vast majority of their wealth in their companies' shares, so market movements can have a big impact on their net worth.
Mark Zuckerberg, pictured with his wife Priscilla Chan and daughter Max, is worth $48.3 billion and has pledged to give away 99 per cent of his Facebook shares over his life
The
New York born billionaire has donated up to 1 per cent of his wealth to
charity and good causes and has signed the Giving Pledge.
The
pledge was promoted by Bill Gates and Warren Buffett to encourage the
super rich to give away the majority of their wealth to philanthropy and
is supported by Zuckerberg, who has also signed up and is active in
giving to global causes.
After
announcing the the birth of his daughter Max in 2015, Zuckerberg and
his wife Priscilla Chan, said they would donate 99 per cent of Facebook
shares, then valued at $45 billion, to their new charitable foundation
focusing on health and education.
Bill Gates remains at the top of the world’s richest billionaires' list - a position he has occupied for the 17 of the past 22 years.
The
60-year-old Microsoft head is $4.2billion poorer than 2015, but his net
worth of $75billion still allows him to comfortably take the top spot.
Courtesy mail
No comments:
Post a Comment