Nearly half a century after co-founding Oracle in 1977, Larry Ellison has reclaimed his place among the most powerful figures in global technology and business. At 81, Ellison is once again at the top both in wealth and influence as Oracle experiences a dramatic resurgence in the era of cloud computing and artificial intelligence.
After years of playing catch up to rivals in the cloud sector, Oracle is now riding a wave of momentum. The company’s aggressive pivot toward AI infrastructure, advanced cloud services, and strategic acquisitions has led to a sharp rise in its stock value. As a result, Ellison’s net worth has soared, placing him among the top three wealthiest individuals in the world, according to recent reports by Forbes and Bloomberg.
“This is not just a comeback it’s a reinvention,” said tech industry analyst Melissa Tran. “Oracle has evolved from a traditional enterprise software company into one of the key players in the AI arms race. And Ellison is right in the center of it.”
Oracle’s cloud business has rapidly gained ground, bolstered by major deals with government agencies, healthcare providers, and multinational corporations. The company’s cloud infrastructure is now favored for its performance in AI workloads, a space traditionally dominated by Amazon Web Services and Microsoft Azure.
Ellison, who stepped down as CEO in 2014 but remains Oracle’s chairman and chief technology officer, has played a pivotal role in steering the company through this transformation. Known for his competitive drive and long-term vision, Ellison has always bet big and this time, it’s paying off.
The company’s latest growth spurt also coincides with broader changes in enterprise technology. With AI now seen as essential to modern business operations, Oracle’s integrated cloud and AI solutions are drawing in clients who demand performance, reliability, and security.
“Larry Ellison saw where the industry was going long before most of his peers,” said Arun Mehta, a venture capital partner at Eastbridge Partners. “He didn’t just invest in AI he rebuilt Oracle to deliver it at scale.”
Ellison’s return to prominence also underscores his rare longevity in a tech world where founders often fade from relevance. Nearly five decades after Oracle began as a database startup, Ellison’s latest chapter is a testament to his adaptability, resilience, and unshaken belief in software as a force for global change.
Oracle’s renewed dominance, fueled by its innovation in AI and strategic positioning in cloud infrastructure, suggests that Ellison’s influence on the tech industry is far from over.
source: reuters.com
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