Ellison saw his fortune jump up to $1.8 billion on Thursday, as shares of Oracle continued their … [+]
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Oracle’s billionaire cofounder Larry Ellison hit centibillionaire status for the first time after shares of his software company rose on Thursday.
Oracle stock rose up to 1.8% as of 3:00 p.m. EST on Thursday, pushing Ellison’s net worth up by $1.8 billion, to $100 billion, according to Forbes’ estimates. The stock then pared back gains slightly, lowering Ellison’s net worth to $99.8 billion by market close. He remains the sixth-richest person on the planet, less than $15 billion behind the world’s fifth-richest, Facebook cofounder and CEO Mark Zuckerberg.
Ellison is chairman and chief technology officer of software giant Oracle, which he cofounded in 1977. The tech billionaire also served as Oracle CEO for 37 years before relinquishing the post in 2014. The majority of his fortune…