Ellison's Net Worth Surges $75B

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Larry Ellison wraps up banner year as Oracle's stock rallies most since dot-com boom

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Larry Ellison's net worth has increased by over $75 billion this year , largely due to Oracle ramping up its position in the artificial intelligence market.

Ellison is behind only Tesla CEO Elon Musk and Amazon founder Jeff Bezos among the world's richest people.

Ellison , 80 , is a senior citizen in the tech industry, where his fellow billionaire founders are generally younger.

Oracle 's multi-cloud strategy should deliver gains in database market share, analyst says.

There's also promise in Oracle Health , the segment that came out of its acquisition of electronic health record software vendor Cerner in 2022 .

Gartner estimated that the company had 17% market share in database management systems in 2023 .

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