Larry Ellison, Jensen Huang, and Zuckerberg are $10.3 billion richer in 24 hours
In a testament to the surging power of the tech world, three of its most influential figures – Larry Ellison of Oracle, Jensen Huang of Nvidia, and Mark Zuckerberg of Meta – saw their combined wealth jump by an astonishing $10.3 billion in just one day as stock markets closed on Wednesday, July 23.
This incredible surge highlights the continued investor confidence in their companies and the crucial roles they play in shaping our digital future.
Let’s break down who gained what:
Larry Ellison: The Cloud King Still Ascending
Leading the pack was Larry Ellison, the co-founder and Chief Technology Officer of Oracle. His fortune swelled by a remarkable $4.1 billion, bringing his estimated net worth to a staggering $287.8 billion. This solidifies his position as the world’s second-richest person.
Oracle’s shares ended the day up 1.59%, and they’ve seen an impressive nearly 46% increase since the start of the year. Ellison, who owns a significant chunk (around 40%) of Oracle, has watched his wealth grow alongside the company’s aggressive expansion, including its major acquisition of Cerner in 2021.
Even though he now lives permanently on the Hawaiian island of Lanai, which he bought in 2012, Ellison’s strategic vision continues to drive Oracle’s success in cloud computing and enterprise software.
Jensen Huang: The AI Revolution’s Architect
Close behind was Jensen Huang, the co-founder and CEO of Nvidia, whose net worth shot up by $3.2 billion. His total wealth is now estimated at $148.7 billion, making him the seventh richest person globally.
Nvidia’s stock climbed by 2.25% on Wednesday, closing at $170.78. This rise is a clear reflection of the ongoing excitement around its graphics processing units (GPUs), which are the essential building blocks for artificial intelligence and machine learning systems worldwide. Under Huang’s leadership, Nvidia achieved a monumental milestone in 2024 by crossing a $3 trillion market value, a huge accomplishment for the Silicon Valley chipmaker at the forefront of the AI boom.
Mark Zuckerberg: Expanding the Digital Frontier
Last but certainly not least, Mark Zuckerberg, the co-founder and CEO of Meta Platforms (the company formerly known as Facebook), added a substantial $3 billion to his wealth. This boost brings his net worth to $246.2 billion, securing his spot as the world’s third-richest individual.
Meta’s stock saw a 1.24% increase on Wednesday, closing at $713.58, and has already risen over 19% this year. Since founding Facebook in 2004, Zuckerberg has expanded his social media empire into new digital realms, most notably the metaverse.
He still owns about 13% of Meta’s stock. Beyond his business ventures, Zuckerberg and his wife, Priscilla Chan, are known for their philanthropic efforts, having pledged in 2015 to donate 99% of their Meta shares over their lifetime to charity.
A Sign of Tech’s Enduring Influence
This remarkable one-day surge in wealth for Ellison, Huang, and Zuckerberg isn’t just about their personal fortunes. It’s a powerful signal from Wall Street, showing strong confidence in the big tech companies.
It also highlights the continued dominance of these leaders and their companies in shaping the future of crucial technologies, such as artificial intelligence, cloud computing, and digital connectivity. As investors continue to reward strong performance and bold vision, these three billionaires remain central figures in the global economic landscape.
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