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Larry Ellison tops Mark Zuckerberg as world's 2nd richest — here's the top 10
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.
Read more: What's the No. 1 way Americans are becoming millionaires?
Oracle founder and chief technology officer Larry Ellison attends the Formula One British Grand Prix on July 6. (Jay Hirano/SOPA Images/LightRocket via Getty Images) · SOPA Images via Getty Images Like many billionaires, Ellison has drawn some criticism for how he has used his wealth, including his 98% ownership of the Hawaiian island Lānaʻi. In 2010, Ellison joined the Giving Pledge, started by Bill Gates, Melinda Gates, and Warren Buffett, pledging to give a majority of his wealth to charitable causes in his lifetime.
Ellison's fellow leaders in tech dominate the list of the top 10 richest people in the world. Elon Musk still holds the lead for the top spot by over $100 billion despite already taking $66.9 billion in losses this year.
Read more: Do millionaires keep their money in checking accounts?
Ellison's second-place spot is followed by Zuckerberg, Amazon (AMZN) founder Jeff Bezos, and former Microsoft (MSFT) CEO Steve Ballmer. All four have seen their fortunes grow significantly amid the current AI boom.
Rounding out the top 10 are Alphabet (GOOG) founders Larry Page and Sergey Brin, Louis Vuitton SE (LVMUY) CEO Bernard Arnault, Nvidia (NVDA) CEO Jensen Huang, and Berkshire Hathaway (BRK-A) CEO and investor Warren Buffett.
Nina is a data reporter intern for Yahoo Finance.
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