Oracle Co-Founder Overtakes Jeff Bezos as World’s Richest Person

His fortune increased by $8.8 billion in a day. As of September 16, it was estimated at $206.5 billion.

The list is headed by American entrepreneur and founder of SpaceX and Tesla Elon Musk with a fortune of $251.1 billion. Amazon founder Jeff Bezos, who previously held the second position, dropped to third place in the ranking.

In fourth place is Facebook* founder Mark Zuckerberg with $184.6 billion, in fifth place is LVMH Group CEO Bernard Arnault with a fortune of $170.7 billion.

  • Oracle ceased operations in Russia in March 2022 due to Russia’s special operation in Ukraine. Its subsidiary stopped providing technical support to contractors and refused contracts.
  • A year later, the Moscow Arbitration Court declared Oracle Computer Equipment JSC bankrupt. The lawsuit was filed by Krok Incorporated CJSC, which operates under the Krok brand.
  • By July 2024, Oracle’s Russian subsidiary had still not repaid its debts to local companies. Oracle Computer Equipment’s debts are estimated at 1.43 billion rubles. Creditors include Marvel Distribution (425.2 million rubles), Alfa Bank (99.4 million rubles), Force Development Center (440 million rubles), Megafon (44 million rubles), Sberbank (77.2 million rubles), and Jet Infosystems (20 million rubles).

*belongs to Meta, which is recognized as extremist and banned in Russia

Cover photo: drserg / Shutterstock

Source: rb.ru