Larry Ellison overtakes Jensen Huang as Forbes' seventh-richest person

Larry Ellison moved past Jensen Huang on Forbes' real-time billionaires list on August 10, becoming the world's seventh-wealthiest person as Oracle shares rose and Nvidia shares fell sharply. Oracle stock closed up 2.74% at $151.05, lifting Ellison's estimated net worth to $192 billion, while Nvidia dropped 2.86% to $217.55, cutting Huang's fortune to $188.6 billion. The sell-off in Nvidia followed a Financial Times report that the company is working with Apollo Global, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs and KKR on a $500 billion funding pipeline for AI infrastructure, a scale that raised investor concerns about concentration risk. Forbes' ranking still showed Meta Platforms CEO Mark Zuckerberg ahead of Ellison at $205.8 billion and former Microsoft CEO Steve Ballmer behind Huang at $156.2 billion. The reshuffle underscores how tightly the wealth of top technology billionaires is tied to AI-linked stock moves, with Oracle still down 23% year-to-date and Nvidia up 17% year-to-date despite the latest setback ahead of its August 26 second-quarter earnings report.

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