{"id":938907,"date":"2025-06-16T10:46:41","date_gmt":"2025-06-16T05:16:41","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=938907"},"modified":"2025-06-16T10:46:41","modified_gmt":"2025-06-16T05:16:41","slug":"worlds-richest-list-has-a-new-no-2-the-technology-company-behind-him-and-why-its-market-value-is-soaring","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/06\/16\/worlds-richest-list-has-a-new-no-2-the-technology-company-behind-him-and-why-its-market-value-is-soaring\/","title":{"rendered":"World&#8217;s Richest List has a new No. 2, the technology company behind him and why its market value is soaring"},"content":{"rendered":"<p>Oracle founder Larry Ellison has surpassed Amazon\u2019s Jeff Bezos to claim the No. 2 spot on the world\u2019s richest list, according to the Bloomberg Billionaires Index. Bezos had held the position for nearly eight years, with Meta\u2019s Mark Zuckerberg briefly occupying it at times. Bloomberg notes that Ellison\u2019s wealth surged by over $20 billion this week, fueled by a record-high Oracle Corp. stock price.<\/p>\n<p>Oracle\u2019s shares jumped 13% to $199.85 at Thursday\u2019s close in New York, marking the largest single-day gain in a year, after the company forecasted a 70% increase in cloud infrastructure sales for the fiscal year, Bloomberg reports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oracle founder Larry Ellison has surpassed Amazon\u2019s Jeff Bezos to claim the No. 2 spot on the world\u2019s richest list, according to the Bloomberg Billionaires Index. Bezos had held the position for nearly eight years, with Meta\u2019s Mark Zuckerberg briefly occupying it at times. Bloomberg notes that Ellison\u2019s wealth surged by over $20 billion this week, fueled by a record-high Oracle Corp. stock price. Oracle\u2019s shares jumped 13% to $199.85 at Thursday\u2019s close in New York, marking the largest single-day gain in a year, after the company forecasted a 70% increase in cloud infrastructure sales for the fiscal year, Bloomberg [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-938907","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/938907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=938907"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/938907\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=938907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=938907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=938907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}