Oracle's co-founder Larry Alison can soon back in terms of wealth.
In the world of billionaires, the king of Alan Musk has been seen for a long time. But now Musk's number 1 chair is under threat. Oracle's co-founder Larry Alison, one of the world's big tech companies, is seen giving a big challenge to Alison Alan Musk. The special thing is that there is a difference of about $ 20 billion in the net worth in both of them, Larry Alison is the second such businessman in the world, whose wealth is crossing $ 350 billion.
In fact, Larry Alison's total net worth saw an increase of $ 70 billion on Tuesday. In fact, Oracle's shares have seen an increase of 26 percent in the hours after trading. This increase has been seen after the year 1999. Due to which the net worth has increased. The quarterly results of the tech company have been quite spectacular. The effect of which has been seen in the company's shares. Let us also tell you what kind of figures have been seen in the foreign media report.
After the excellent quarterly results of Oracle Corp, Larry Ellison came closer to Alan Musk as the world's richest businessman late Tuesday night, causing more than 26 per cent increase in the company's shares in hours after trading. On paper, this boom increased the net worth of Alison by about $ 70 billion - but this lead will be considered the largest one -day net worth of the largest one day net worth of the Bloomberg Billionaires Index only when the American market reopens on Wednesday.
The 81-year-old Alison is the co-founder of Oracle, as well as working as the company president and CEO. The large part of his property is associated with Oracle, whose stock had climbed 45 percent this year before Tuesday's surge. Musk, of course, is the CEO of Tesla Inc., whose shares are quite broken in 2025.
According to Bloomberg report, Alison's total assets have now increased to $ 364 billion, causing him to reach Mask's $ 384 billion property very close. If this increase in Oracle's earnings continues even when the market opens, then Alison can overtake Musk-which shows how the bounce of artificial intelligence is changing the appearance of both corporate profits and global net worthing leadersboard.
For the second quarter, Oracle's total revenue growth is estimated to be 12 per cent to 14 per cent and cloud revenue growth to be 32 per cent to 36 per cent, which expresses confidence that Alison's assets may continue to have a boom speed.
This dramatic change in property is due to Oracle's stunning quarter. Chief Executive Officer Safra Catz said that the Remining Performance Obligation (RPO) -Custmer contracts that have been signed but have not been completed yet-the first quarter has increased by 359% to $ 455 billion.
Katz said that we signed four billion dollars of contracts with three different customers in the first quarter. “This increased the backlog of our RPO contracts by 359 per cent to $ 455 billion. It was a surprising quarter, and the demand for Oracle Cloud Infrastructure is steadily increasing.
In the next few months, we expect to contract with several more billion dollars customers, of which the RPO will probably be more than half -trillion dollars. The company has estimated that in this financial year, the revenue from Oracle Cloud Infrastructure will increase by 77 per cent to $ 18 billion and will reach $ 144 billion by 2031.
Catz insisted on the company's AI status and said that we have made all our databases to our customers the world's most advanced AI Reasoning Model-Chatgpt, Gemini, Grok-directly-which are uniquely available in all Oracle Clouds. Rebecca Veteman, CEO of industry analyst firm Valoir, told Reuters that both current and estimated figures show that Oracle's investment in Infra is proving fruitful as big organizations are turning to Oracle Cloud for support of their AI Initiatives.
Oracle has large partnerships with Amazon, Alphabet and Microsoft, allowing her infra rival to the cloud platform. Revenue from these customers rose 1,529 per cent in the first quarter. Chairman Ellison said that we hope that the revenue of multicloud will increase significantly every quarter for many years as we are providing 37 more datasters to our three hypersscaler partners, which will lead to a total of 71 datasters. According to the Reuters report, Melissa Otto, the research head at the visible alpha of S&P Global, said that by providing integrated solutions in defective environment, Oracle is not only moving forward in the cloud sector, but also at the forefront, which is likely to attract more businesses to seek more businesses.
On the other hand, ever since he separated from Donald Trump, there is a steady decline in the net worth of Allen Musk. According to data from the Bloomberg Billioniers Index, his net worth has seen a decline of $ 48 billion in the current year. By the way, on Tuesday, his net worth has increased by $ 420 million. Currently, Alan Musk has a net worth of $ 384 billion. By the way, Tesla's shares have seen a significant decline in the current year. According to Bloomberg's report, Tesla shares have drowned up to 14 per cent. On the other hand, in the last 6 months, more than 56 percent has been seen.
