Larry Ellison

The U.S. has taken a firm stance against a proposed global wealth tax on billionaires, as announced Monday by Treasury Secretary Janet Yellen. This idea, championed by Brazil, France and other nations, aims to reduce economic inequality by targeting the global billionaires. Yellen emphasized that...

Oracle Corp (NYSE:ORCL) shares were trading higher following a report indicating Elon Musk‘s artificial intelligence startup, xAI, is nearing a $10 billion deal to rent Oracle’s AI servers. This potential deal, if finalized, would make xAI one of Oracle’s largest customers,...

In an unexpected move within political fundraising circles, David Ellison, the son of well-known GOP supporter and Oracle CEO Larry Ellison, has made a notable financial contribution to Joe Biden‘s campaign, stirring interest among political analysts and donors alike. What Happened: David...

Former President Donald Trump surprised some people when he shared he was against banning TikTok. While Trump criticized the potential ban and the positive impact it could have on Meta Platforms Inc (NASDAQ:META), there could be a bigger reason for the former president's reversed course.   What...

Tesla Inc. (NASDAQ: TSLA) and SpaceX CEO Elon Musk has reportedly created an environment where drug use is seemingly normalized among his business associates. Directors and board members at the companies, many of whom have significant financial stakes in Musk's companies, are said to have...

A strong stock market in 2023 helped boost the wealth of the world's richest people. However, a new report shows that most people are working longer hours for less money. What Happened: According to Oxfam, the top five richest people gained 114% in wealth over the past three years. The five...

Billionaire Elon Musk regained the title of world's richest person to end the 2023 year, after a move back to first place in February and again in May. Musk and the other nine richest people in the world all saw their wealth grow dramatically in 2023 thanks to a strong stock market and soaring...

The year 2023 has witnessed a significant surge in the stock market, leading to a remarkable increase in the wealth of several U.S. billionaires. What Happened: Prominent figures such as Elon Musk of Tesla Inc., Mark Zuckerberg of Meta Platforms Inc., and Jeff Bezos of Amazon.com Inc. have...

The rich have gotten richer in 2023 and Elon Musk is once again the richest person in the world after briefly being passed in 2022 and a portion of 2023. Here's a look at how much the top ten billionaires are currently worth and how their wealth has increased in 2023. What Happened: Elon Musk was...

The high-profile buyout of Twitter, now rebranded as X, led by Elon Musk, which involved a group of 19 investors, has reportedly resulted in a massive $17 billion loss.  What Happened: Musk and his co-investors, including the Andreessen-Horowitz VC fund, Oracle...

The Forbes 400 list of the richest people in America is out and has several people leaving the list and newcomers such as Michael Jordan making their first appearance. This year’s list includes 400 people from 40 states with 240 living in four states. California leads the way with 87 of...

Oracle’s (NYSE:ORCL) Larry Ellison and Microsoft Corporation’s (NASDAQ:MSFT) Satya Nadella recently announced a historical collaboration, a notable moment in the tech industry as two longtime rivals join forces to expand their cloud offerings. What Happened: The partnership between...

Software company Oracle Corp (NASDAQ: ORCL) reported first-quarter financial results after the market close Monday. Here are the key highlights. What Happened: Oracle reported first-quarter revenue of $12.45 billion, which was up 9% year-over-year. The revenue total beat a Street consensus estimate...

Elon Musk, the visionary behind SpaceX and Tesla, reportedly came to the rescue of Larry Ellison, co-founder of Oracle, by aiding him in retrieving his long-forgotten Twitter password. This event coincides with Ellison's declaration of a hefty investment in Musk's business venture....

The stock market saw a decline in 2022 with the S&P 500, which is tracked by the SPDR S&P 500 ETF Trust (NYSE: SPY), falling 19.2%. This decline marked the worst performance for the S&P 500 since 2008 and sent the wealth of the richest people in the world down. With stocks...