Larry Ellison dethrones Jeff Bezos and becomes the second richest person in the world.

The global economic landscape has undergone a remarkable shift at the top of the list of the world's richest people, according to the latest Forbes report. Larry Ellison, the founder of Oracle, has dethroned Jeff Bezos, the former CEO of Amazon, from the second spot, consolidating his position as the second richest man on the planet, right behind Elon Musk. This turn of fortune for Ellison has been driven by a notable increase in Oracle's stock price, bringing his net worth to an astonishing $206.5 billion, approximately €185 billion.

Ellison's success story is particularly noteworthy, as he began September in fifth place on the Forbes list and managed to climb four spots in record time. The catalyst for this rise was the announcement of Oracle's financial results, which revealed an impressive 21% increase in profits and a 7% growth in revenue. This growth has been fueled by significant investment in artificial intelligence, an area that has become essential in today's tech world.

On September 10, Oracle's stock price reached an all-time high, allowing Ellison to add $18 billion to his fortune in just a matter of hours. This sudden increase in his wealth has left many astonished, especially considering that Ellison, at 80 years old, has managed to maintain his relevance and success in a rapidly evolving sector. For many, his story serves as a reminder that perseverance and vision can lead to great achievements, even in adverse circumstances.

Born in the Bronx, New York, Ellison had a challenging childhood. From a young age, he faced health issues that led his mother to send him to live with his uncles in Chicago. His life was marked by challenges, including dropping out of college after the death of his adoptive mother. However, this did not deter his ambition; he moved to California and began working in the tech sector, where his talent as a programmer led him to found Software Development Laboratories in 1977, a company that would eventually transform into Oracle.

Oracle's growth was meteoric, despite facing significant obstacles along the way. In the 1990s, the company suffered major losses and was close to bankruptcy, but Ellison and his team found ways to recover and thrive. By the age of 49, he had become a billionaire, a status he has maintained for decades.

After 37 years leading Oracle as CEO, Ellison decided in 2014 to step aside to take on new roles, while maintaining his influence in the company as chairman and chief technology officer. He owns 40% of Oracle, which represents the majority of his current fortune. Additionally, he has diversified his investments, including a stake in Tesla, where he was part of the board of directors from 2018 to 2022.

While Ellison has been a titan in the tech world, his family has also found success in the entertainment industry. His son, David, owns Skydance Media, a production company behind major box office hits, while his daughter, Megan, has worked at Annapurna Pictures, a production company that has received significant accolades in the film industry.

As the business landscape continues to evolve, Larry Ellison's story serves as a testament to entrepreneurial spirit and the ability to adapt to a changing environment. With his remarkable increase in wealth and his rise on Forbes' lists, Ellison not only reaffirms his place in the business elite but also inspires new generations of innovators to pursue their dreams, regardless of the obstacles they may face along the way. The struggle for supremacy on the podium of the world's richest is far from over, and Ellison's rise could be just the beginning of a new era in the business world.