Ellison Surpasses Gates as Richest Man
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According to BetaNews calculations Larry Ellison, Oracle's CEO, is now the richest man in the world. Surpassing Microsoft's Bill Gates earlier today due to the recent stock market plunge, Ellison's Oracle stock is worth an estimated $52.1 billion, while Gates' Microsoft stock is worth a close $51.4 billion. Due in part to the recent anti-trust ruling against Microsoft and the 500 percent jump in Oracle stock in less than a year, Ellison has done what many never thought possible. Of course, both have other investments not factored in, but for simplicity sakes, Ellison appears to be the winner.