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Oracle’s founder and largest shareholder, Larry Ellison, has jumped two spots on the Bloomberg Billionaires Index after the tech behemoth posted a bumper outlook this week.
Only yesterday Ellison’s net worth was $138 billion but overnight that leapt $14 billion to $152 billion.
That’s largely because the 79-year-old entrepreneur owns more than 40% of the cloud applications business, which saw its shares surge 13% on June 11 after the company posted positive year-end financial results.
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