hey everyone welcome back to the channel today we've got some sizzling news in the world of billionaires Larry Ellison the co-founder of Oracle has briefly overtaken Jeff Bezos as the world's second richest person that's right the battle for the top spots on the billionaire list is heating up if you're interested in the drama of the super rich and what it means for the tech World stick around let's dive into the details so why the big fuss as of September 13th 2024 Larry Ellison has briefly climbed to the second spot on the global wealth rankings edging past Jeff Bezos the founder of Amazon this shake up in the top ranks has everyone talking let's break down what's happening according to CNBC Larry Ellison's net worth surge due to a significant increase in Oracle stock price this is a classic example of how the stock market can cause dramatic shifts in the fortunes of tech Giants Ellison's wealth shot up momentarily surpassing Bay who has long held a spot near the top of the list Ellison's net worth reached $28.4 billion shortly after the market open then fell to $199 billion according to Forbes real-time billionaires list Bezos who has claimed the title of world's second richest person on and off over the years is worth $25 billion only Tesla CEO Elon Musk at $252 billion is currently above him this isn't the first time we've seen these kinds of fluctuations the top spots in the billionaire rankings can shift frequently based on stock market trends business decisions and personal Investments it's a highstakes game where fortunes can change with Market movements and Company performance if you enjoyed this deep dive into the world of billionaires and want to stay updated on the latest news and Trends make sure to hit that like button subscribe and ring the bell for notifications we'll keep you in the loop with all the latest updates from the financial world and Beyond thanks for watching and we'll see you in the next video