Kathmandu. There has been a major change in the list of the world’s richest people. Mark Zuckerberg, CEO of Meta Platforms, the world’s largest social networking company, has now dropped to the third place on the list, while Oracle co-founder Larry Ellison has now reached the second place.
According to the Bloomberg Billionaires Index, Allison’s net worth has reached $ 251 billion. Zuckerberg’s net worth remains the same, but alison is ahead of him in the decimal-digit calculation. Elon Musk is the richest person in the world with a net worth of $ 357.8 billion.
On Tuesday, Alison’s net worth rose by $4.71 billion, while Zuckerberg’s net worth fell by $3.59 billion. The rise in Allison’s net worth is due to an increase in shares of Oracle Corporation.
Oracle has benefited greatly from the growing interest of investors in artificial intelligence (AI) stocks. Shares of the company have almost tripled since the launch of ChatGPT. In the last three months, the stock price has increased by more than 90 percent. The company’s revenue surged and it has partnered with many large companies.
The U.S. government has allowed chip makers such as Nvidia Corp. and Advanced Micro Devices Inc. to export some semiconductors to China. After this news, Oracle’s share price has increased by 5.7 percent. As a result, Alison’s net worth surpasses Zuckerberg’s.
More than 80 percent of Allison’s total assets are in Oracle’s stocks and options. His net worth has increased by $ 59 billion this year. Zuckerberg’s net worth has increased by $ 43.3 billion.
In recent months, Oracle has secured a multi-billion-dollar deal for cloud computing. The company is also working to build data centers. These data centres will provide services to companies like OpenAI. Oracle’s earnings in the last quarter were much higher than expected. The company’s CEO says, “FY26 will be better. ’
Allison will give most of his assets to the Allison Institute of Technology. It is a technical institution. Which works in collaboration with The University of Oxford. The institute was established in 2023. It focuses on innovations in areas such as health, agriculture, clean energy and artificial intelligence.
