Oracle Corporation's strategic focus on artificial intelligence (AI) has significantly contributed to a substantial increase in the net worth of co-founder and executive chairman Larry Ellison. As of July 2025, Ellison's wealth has seen a remarkable rise, positioning him among the world's wealthiest individuals.
In 2024, Oracle's stock experienced a notable surge, closing at a record $157.10, marking a 49% increase for the year. This growth was driven by the company's advancements in cloud computing and AI, with Oracle's cloud businesses gaining substantial momentum. The stock's performance in 2024 was among the best in the large-cap tech sector, trailing only Nvidia's impressive 136% gain.
Ellison's substantial stake in Oracle, estimated at over 40%, has been a primary driver of his wealth increase. In June 2024, his net worth rose by more than $15 billion, reaching approximately $169 billion, as Oracle's stock reached an all-time high.
Oracle's strategic investments in AI have played a pivotal role in this financial growth. The company has secured significant contracts with major tech firms, including Meta and OpenAI, to provide cloud infrastructure for AI model training. These partnerships have bolstered Oracle's position in the competitive cloud computing market.
As of July 21, 2025, Oracle's stock (ORCL) is trading at $245.45, reflecting continued investor confidence in the company's AI initiatives and overall market performance. ## Stock market information for Oracle Corp. (ORCL) - Oracle Corp. is a equity in the USA market. - The price is 245.45 USD currently with a change of -3.49 USD (-0.01%) from the previous close. - The latest trade time is Monday, July 21, 10:38:32 UTC.