ven as legal and political issues continue to delay the closing of Oracle’s deal to acquire the U.S operations of TikTok, Oracle cofounder’s fortune rose $2.5 billion this week, as shares of his software giant climbed ahead of a quarterly earnings report next week.
Oracle stock jumped by around 4% between Friday, November 27 and Friday, December 4— pushing Ellison’s net worth up to an estimated $81.5 billion. Ellison, who owns about 35% of Oracle, is the seventh richest person in the world. The U.S. stock market continued to rally, with both the S&P 500 and Dow Jones Industrial Average hitting fresh record highs amid growing expectations for a stimulus deal from Congress.
Oracle’s stock has largely held steady in recent weeks, despite delays in getting the final signoff to acquire—in partnership with Walmart—social media app TikTok. President Trump first issued an executive order in August requiring TikTok to sell its U.S. business, and in September approved a deal with Oracle and Walmart to create a new U.S.-based entity. The deal is yet to close, however, with the deadline extended multiple times.
, whose net worth grew by $2.9 billion, to $17 billion. He is the cofounder of Celltrion, a biopharmaceutical firm that makes drugs to treat diseases like cancer, influenza and rheumatoid arthritis, and has been working on a coronavirus vaccine. Its stock rose by 13% this week and is up by more than 100% so far this year, boosted by the company’s progress on its Covid-19 antibody shot, which entered phase three trials in October.
Typo? 'He [Elon Musk] is now the third richest person in the world after recently overtaking Microsoft cofounder Bill Gates, who’s worth $119 billion.' Earlier in 2020, Forbes listed Jeff Bezos and Bill Gates as 1 and 2 - did someone else pass Gates to be the second-richest?
So these billions have been waiting all year to be added onto the wealth of these billionaires? 😒😒😒😒
What?! I'm shocked! No, not this article; well, not exactly. After reading it, I just plugged in the toaster and threw it into a sink full of pure water.
And how much of that are they giving back to our communities?
..and I am alive on bread and water.
Smfh
End time Billionaires
larryellison & elonmusk Fancy some candles so I can be a thousandaire lol 😉 Etsy:
Don't forget that there are the still 'average' folks out there who have retirement investments that have also grown,even if you had a little,it's grown.