Oracle co-founder and Chief Technology Officer Larry Ellison gains $12.4 billion in net worth as investors bet big on the future of artificial intelligence infrastructure.
As of Tuesday, Ellison’s net worth reaches $301.7 billion, placing him as the second-richest individual globally, according to Forbes’ real-time billionaire rankings.
This sharp rise follows a 1.24% increase in Oracle’s stock price, which closes at $255.67. The rally is triggered by Bank of America’s upward revision of Oracle’s price target to $295, up from $220, reflecting renewed confidence in the company’s role within the rapidly expanding AI infrastructure space.
Bank of America highlights increased capital expenditure from tech giants such as Microsoft and Meta as an indicator of growing demand. Microsoft forecasts more than $30 billion in capex for the September quarter—well above the earlier $23.5 billion estimate. Meta raises its full-year projection to $69 billion, exceeding the prior forecast of $67 billion. Analysts interpret these numbers as evidence of significant investment in AI-related technologies, particularly agentic AI, which alone represents a potential $155 billion market—adding 8% to the total addressable software market.
Ellison’s long-standing push to diversify Oracle’s offerings beyond its core database business appears to be paying off. Over the years, the company has expanded into cloud computing through strategic acquisitions, most notably its $28.3 billion purchase of electronic health records firm Cerner in 2021.
Though he stepped down as CEO in 2014, Ellison remains actively involved in Oracle’s direction as chairman and CTO. Holding nearly 40% of Oracle’s shares, he maintains a significant influence over the company’s trajectory.
In addition to his business pursuits, Ellison is known for his distinctive lifestyle. He acquires nearly the entire Hawaiian island of Lanai in 2012 and relocates there permanently in 2020. His involvement with other tech firms includes a board seat at Tesla from 2018 to 2022, during which he amasses approximately 45 million split-adjusted shares.
Despite the bullish outlook on Oracle’s AI positioning, Bank of America maintains a “Neutral” rating. Analysts cite uncertainty around the extent to which AI-related spending will convert into tangible revenue growth for Oracle. The ongoing debate among investors focuses on how significantly Oracle can capitalize on the AI infrastructure boom in terms of topline impact.
