Larry Ellison is still not the world's richest person

Oracle co-founder and CTO Larry Ellison has reclaimed the No. 2 spot on Forbes's real-time billionaire list, trailing only Elon Musk after leapfrogging Mark Zuckerberg and Jeff Bezos.

Thanks to better-than-expected results from Oracle's fiscal fourth quarter ended in May 31, shares jumped 14%, and Ellison's net worth surged roughly $25 billion to $242 billion by midday Thursday, marking the largest single-day gain on Forbes's real-time billionaire list.

On the June 12 earnings call, he told investors demand for cloud was "astronomical" and "insatiable," even quoting one customer: "We'll take all the capacity you have, wherever it is."

Oracle’s share of the cloud market stands at around 3 percent, well behind AWS, Microsoft Azure, Google Cloud, and China’s Alibaba.

Ellison co-founded Oracle, initially called Software Development Laboratories (SDL), nearly 50 years ago. Its initial product was a relational database based on the then-new ...