The post Oracle’s Larry Ellison $9 Billion Richer And Becomes No. 3 Richest Again appeared on BitcoinEthereumNews.com. Topline Wall Street pulled back on bearish takes for Oracle, boosting the company’s stock and founder Larry Ellison’s spot as the world’s third-richest person ahead of Google cofounder Sergey Brin, as the markets continue to re-order the perceived winners in the AI race. Economists pulled back on bearish takes for Oracle, fueling a stock rebound for Ellison’s firm while returning billions to his net worth. Copyright 2025 The Associated Press. All rights reserved Key Facts Shares of Oracle rose more than 4% to around $205 as of Wednesday afternoon, marking a slight rebound for the stock after declining 35% from a high of $287 on Oct. 27 to a low of just over $185 on Tuesday. Alphabet’s shares traded down 1.4% to around $319, ending a 13% rally for the Google parent since Friday. The jostling for position among the richest in the world comes as the market has moved approvingly for Alphabet’s AI strategy, while cooling on many others, including Oracle’s and Microsoft’s (Brin’s Google cofounder, Larry Page, remains at No. 2 after supplanting Ellison and Microsoft founder Bill Gates). An advancement for Oracle’s shares follows a period of uncertainty surrounding the company, as more investors reportedly traded against the company as part of a broader bet against AI, though Deutsche Bank analysts disputed the concerns Wednesday, writing the company was getting “little if any credit” for its AI business. HSBC similarly issued a bullish opinion, arguing that investors were confused by Oracle’s lack of details when disclosing the company had $500 billion in future contracted work and that markets had been “filling in the blanks with little concrete information.” Forbes Valuation Ellison has an estimated net worth of $256.4 billion, ranking him the third-wealthiest person in the world after an increase in Oracle’s share price added $8.9 billion… The post Oracle’s Larry Ellison $9 Billion Richer And Becomes No. 3 Richest Again appeared on BitcoinEthereumNews.com. Topline Wall Street pulled back on bearish takes for Oracle, boosting the company’s stock and founder Larry Ellison’s spot as the world’s third-richest person ahead of Google cofounder Sergey Brin, as the markets continue to re-order the perceived winners in the AI race. Economists pulled back on bearish takes for Oracle, fueling a stock rebound for Ellison’s firm while returning billions to his net worth. Copyright 2025 The Associated Press. All rights reserved Key Facts Shares of Oracle rose more than 4% to around $205 as of Wednesday afternoon, marking a slight rebound for the stock after declining 35% from a high of $287 on Oct. 27 to a low of just over $185 on Tuesday. Alphabet’s shares traded down 1.4% to around $319, ending a 13% rally for the Google parent since Friday. The jostling for position among the richest in the world comes as the market has moved approvingly for Alphabet’s AI strategy, while cooling on many others, including Oracle’s and Microsoft’s (Brin’s Google cofounder, Larry Page, remains at No. 2 after supplanting Ellison and Microsoft founder Bill Gates). An advancement for Oracle’s shares follows a period of uncertainty surrounding the company, as more investors reportedly traded against the company as part of a broader bet against AI, though Deutsche Bank analysts disputed the concerns Wednesday, writing the company was getting “little if any credit” for its AI business. HSBC similarly issued a bullish opinion, arguing that investors were confused by Oracle’s lack of details when disclosing the company had $500 billion in future contracted work and that markets had been “filling in the blanks with little concrete information.” Forbes Valuation Ellison has an estimated net worth of $256.4 billion, ranking him the third-wealthiest person in the world after an increase in Oracle’s share price added $8.9 billion…