Amazon founder and former CEO Jeff Bezos has lost his world’s second richest title to Oracle’s

Larry Ellison

. According to Forbes’s

World's Billionaires List

, Ellison added a staggering $26 billion to his net worth on Thursday - June 12, pushing his total wealth to $243 billion — the largest single-day gain by any billionaire. The surge places Ellison ahead of Amazon chairman Jeff Bezos ($227 billion) and

Meta CEO

Mark Zuckerberg ($239 billion), making him the world’s second-richest person, trailing only Tesla CEO Elon Musk. According to Forbes, Musk has a total worth of $407.3 billion. The increase in Ellison’s fortune follows Oracle’s blockbuster earnings report earlier this week. The company’s stock soared past $200 for the first time after reporting better-than-expected revenue and profit for the quarter ending in May.

Amazon’s Jeff Bezos became the second richest person on the planet. His personal fortune then jumped to $75.6 billion following a rise in Amazon’s stock. The e-commerce founder then surpassed investor Warren Buffett.

Bezos lost his title of world’s second richest person to Meta CEO Mark Zuckerberg in October 2024. His net worth rose by $78 billion to $206.2 billion then, topping Bezos’ $205.1 billion net worth.

Earlier this week, Musk’s net worth saw a notable increase of $191 million, reaching $411.4 billion, shortly after he publicly expressed regret for his critical social media posts directed at President Donald Trump. The apology, posted on X (formerly Twitter), followed a brief phone call between Elon Musk and Donald Trump, signalling a potential reconciliation after days of heated exchanges. Musk’s dispute with Trump began when he criticised a Trump-backed bill, calling it “The Big Ugly Bill” after stepping down from a government role. The disagreement escalated, with Musk posting a series of harsh comments about Trump, some of which he later deleted.