Larry Ellison becomes richest man after Oracle reports $455 billion backlog, Oracle stock jumps 30 percent in a single day
Larry Ellison climbed past Elon Musk because he forced the market to pay attention to what no one had expected. Oracle reported $455 billion in unfulfilled contracts, more than double what analysts predicted. Investors didn’t pause. They poured money into the stock before checking the numbers. Oracle’s shares jumped 30 percent in a single day, …