00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Oracle shares on Wednesday after the company reported third-quarter results that beat
00:06analyst estimates, boosting co-founder Larry Ellison's net worth, according to Benzinga.
00:12Oracle shares rose more than 13% to $162.78 after strong results and guidance,
00:20increasing the value of Larry Ellison's more than 1.1 million share stake in the company.
00:24Ellison also gained about $416.25 million from his 45 million share stake in Tesla as the stock
00:32rose 2.3%. His net worth increased by about $17.79 billion for the day and is now estimated at
00:40$218
00:41billion. Ellison began 2026 with $247 billion and remains down about $30 billion for the year as
00:49Oracle shares are still down 16% year-to-date. For all things money, visit Benzinga.com.
Comments