Behind $100 Billion Spike — How Oracle Co-Founder Larry Ellison Became World's Richest Man

Company Overview - Oracle Corp. co-founder Larry Ellison became the world's richest man after Oracle shares surged by 41% [1] - Oracle was founded in 1977 by Ellison and two partners, and went public on March 12, 1986, just after Microsoft's IPO [3] Personal Background of Co-founder - Ellison was raised in Chicago by his adopted family and dropped out of both the University of Illinois and the University of Chicago [2] - He began his career in programming at Ampex, where he worked on the database for the CIA [2] Business Growth and Strategy - Oracle has invested billions to become a leading provider of cloud infrastructure, focusing on computing power and storage [4] - The company has benefited from the rise of artificial intelligence, as demand for cloud capacity increases among startups and established firms [4] Recent Developments - Oracle's shares have tripled since the public release of ChatGPT in November [5] - In July, Oracle signed a contract with OpenAI for 4.5 gigawatts of data center capacity and counts major companies like Nvidia and TikTok as cloud customers [5]