Larry Ellison's Wealth Could Skyrocket Thanks to Tesla Stock and AI Boom

The article discusses how Oracle co-founder Larry Ellison’s net worth could potentially surge due to his significant stakes in Tesla and the burgeoning artificial intelligence (AI) industry. Ellison, who currently ranks as the world’s sixth-richest person with a net worth of $109 billion, owns a 1.7% stake in Tesla worth around $13 billion. With Tesla’s stock price expected to rise further, driven by the company’s leadership in electric vehicles and AI technology, Ellison’s wealth tied to his Tesla holdings could see a substantial increase. Additionally, the article highlights Ellison’s investments in AI startups like Anthropic and Anduril, positioning him to benefit from the rapidly growing AI sector. Analysts predict that by 2024, Ellison could potentially surpass Bill Gates and become the world’s second-richest person, trailing only Elon Musk, thanks to the combined value appreciation of his Tesla stake and AI investments.

Source: https://www.businessinsider.com/larry-ellison-oracle-wealth-tesla-stock-billionaires-rich-list-ai-2024-9