Larry Ellison Becomes World's Fifth Richest Person Ahead Of Jeff Bezos

Oracle Chairman Larry Ellison

Oracle ORCL +1.31% Chairman Larry Ellison is having a good week. On Wednesday, he overtook Facebook FB +0.35% CEO Mark Zuckerberg to become the world’s sixth richest person. Today, he climbed another spot in the ranking of the world’s richest people, surpassing Amazon CEO Jeff Bezos by $1 billion to become the world’s fifth richest person–and the second richest person in tech behind Bill Gates.
Ellison is now worth $50 billion, up $2.6 billion since Oracle’s third quarter earnings report on Tuesday, and up $550 million since the close of trading on Thursday. Oracle stock jumped 3% in after hours trading Tuesday evening and has continued to climb since then.
Bezos is worth $49 billion, down $530 million since Thursday’s  close due to a small dip in Amazon’s stock. That makes him the world’s sixth richest person, just ahead of Facebook CEO Mark Zuckerberg. Amazon stock is down 4% since Wednesday. Because the overwhelming majority of Bezos’ fortune is in Amazon stock, small stock fluctuations in stock price translate into billion-dollar moves — up or down — in his net worth.
Ellison, who is decades older than both Bezos and Zuckerberg, has been one of the ten richest people in the world on every FORBES Billionaires List since 2009. Ellison had been the fifth richest person since 2013–until both Bezos and Zuckerberg narrowly surpassed him as they moved into the top 10 for the first time on the 2016 Billionaires List. of soul world news
Most of Ellison’s net worth is due to his ownership of Oracle stock. So his ranking among the world’s richest is determined by which way and how much that stock price moves.