World Business Report Larry Ellison is the world’s richest person for brief period
Sep 10, 2025
Larry Ellison briefly tops the world’s wealth rankings as Oracle's shares surge, sparking discussions on the volatile nature of tech fortunes. In Mexico City, long-time residents protest against gentrification, highlighting the clash between new arrivals and community needs. Meanwhile, Klarna's impressive NYSE launch raises questions about the future of the fintech landscape, while concerns grow about burnout among Gen Z workers navigating a challenging job market. Each topic reflects broader societal shifts and the evolving dynamics of wealth and community.
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Stock Swings Can Reorder Wealth
- Oracle's 40% stock surge briefly made Larry Ellison the world's richest person due to his tied net worth.
- The move highlights how equity moves at major tech firms can instantly reshape global wealth rankings.
Ellison's Small-Company Origin Story
- Larry Ellison says his original goal was a 50-person company of people he enjoyed working with.
- He notes Oracle grew far beyond that, now employing about 150,000 people.
The Emperor Of Databases
- Mike Malone describes Ellison as a complex, emperor-like figure: private, lavish, and ruthless in business.
- He also highlights that top executives still work for Ellison because he's seen as the smartest in databases and AI.