Tag: Larry Ellison

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Databases to Dominance: Oracle’s AI Boom and Ellison’s Billionaire Ascent

Oracle

Oracle Corporation has just staged one of the most dramatic rallies in tech history—catapulting itself into the elite club of near-trillion-dollar companies and reshaping the billionaire leaderboard in the process.

Founded in 1977 by Larry Ellison, Oracle began as a modest database software firm. Its first major boom came in the late 1990s, riding the dot-com wave as enterprise software demand exploded.

By 2000, Oracle’s market cap had surged past $160 billion, making it one of the most valuable tech firms of the era.

A second wave of growth followed in the mid-2000s, fuelled by aggressive acquisitions like PeopleSoft and Sun Microsystems, which expanded Oracle’s footprint into enterprise applications and hardware.

Boom

But its most recent boom—triggered in 2025—is unlike anything before. Oracle’s pivot to cloud infrastructure and artificial intelligence has paid off spectacularly. In its fiscal Q1 2026 report, Oracle revealed $455 billion in remaining performance obligations (RPO), a staggering 359% increase year-over-year.

This backlog, driven by multi-billion-dollar contracts with AI giants like OpenAI, Meta, Nvidia, and xAI, sent shockwaves through Wall Street.

Despite missing revenue and earnings expectations slightly—$14.93 billion in revenue vs. $15.04 billion expected, and $1.47 EPS vs. $1.48 forecasted—the market responded with euphoria.

Oracle’s stock soared nearly 36% in a single day, adding $244 billion to its market cap and pushing it to approximately $922 billion. Analysts called it ‘absolutely staggering’ and ‘truly awesome’, with Deutsche Bank reportedly raising its price target to $335.

Oracle Infographic September 2025

This meteoric rise had personal consequences too. Larry Ellison, Oracle’s co-founder and current CTO, saw his net worth jump by over $100 billion in one day, briefly surpassing Elon Musk to become the world’s richest person.

His fortune reportedly peaked at around $397 billion, largely tied to his 41% stake in Oracle. Ellison’s journey—from college dropout to tech titan—is now punctuated by the largest single-day wealth gain ever recorded.

CEO Safra Catz also benefited, with her net worth rising by $412 million in just six hours of trading, bringing her total to $3.4 billion. Under her leadership, Oracle’s stock has risen over 800% since she became sole CEO in 2019.

Oracle’s forecast for its cloud infrastructure business is equally jaw-dropping: $18 billion in revenue for fiscal 2026, growing to $144 billion by 2030. If these projections hold, Oracle could soon join the trillion-dollar club alongside Microsoft, Apple, and Nvidia.

From database pioneer to AI infrastructure powerhouse, Oracle’s evolution is a masterclass in strategic reinvention.

Oracle one-year chart 10th September 2025

Oracle one-year chart 10th September 2025

And with Ellison now at the summit of global wealth, the company’s narrative is no longer just about software—it’s about legacy, dominance, and the future of intelligent computing.

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Trump announces massive U.S. AI investment backed by Oracle, OpenAI and Softbank

U.S. AI investment

President Donald Trump announced a joint venture with OpenAI, Oracle and Softbank to invest billions of dollars in artificial intelligence infrastructure in the U.S.

The project, dubbed Stargate, was unveiled at the White House by Trump, Softbank CEO Masayoshi Son, OpenAI CEO Sam Altman and Oracle co-founder Larry Ellison.

The executives committed to invest an initial $100 billion and up to $500 billion over the next four years in the project, which will be set up as a separate company.

Softbank’s Son had reportedly already promised a four-year, $100-billion investment when he recently visited then-President-elect Trump at his Mar-a-Lago resort.

And this new AI investment is over and above the investments from the likes of Microsoft, Google, Apple, Anthropic and many others already in progress.

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Oxfam report says world’s five richest men have more than doubled their wealth in 3 years

Wealth

The world’s five richest men have increased their combined fortune from $405 billion in March 2020 to $869 billion in November 2023, according to a report from Oxfam.

Wealth increased at a rate of $14 million per hour for 5 people

A report by the charity highlighted the wealth of Tesla CEO Elon Musk, LVMH boss Bernard Arnault and family, Amazon founder Jeff Bezos, Oracle founder Larry Ellison, and investor Warren Buffett.

Oxfam is calling for restrictions on ‘corporate power’ to reduce the massive inequality between the super-rich and the rest of society. Two of the suggestions to correct the inequality is through capping CEO pay and introducing taxes on permanent wealth and excess profits.

This report was released to coincide with the Davos meeting as the rich and wealthy business leaders and bankers gather.

Oxfam says

  • Fortunes of five richest men have shot up by 114% since 2020.
  • Oxfam predicts the world could have its first-ever trillionaire in just a decade while it would take more than two centuries to end poverty. 
  • A billionaire is running or the principal shareholder of 7 out of 10 of the world’s biggest corporations.
  • 148 top corporations made $1.8 trillion in profits, 52% up on 3-year average, and dished out huge payouts to rich shareholders while hundreds of millions faced cuts in real-term pay.
  • Oxfam urges a new era of public action, including public services, corporate regulation, breaking up monopolies and enacting permanent wealth and excess profit taxes.

Full report here