Larry Ellison.
The images are by Justin Sullivan.
Larry Ellison has made $50 billion in gains on just two stocks this year.
The chairman of the enterprise-software company he co-founded still has over a billion shares. The value of Ellison's 42% stake in the company has increased by $46 billion because of the stock price increase.
The SEC filings show that Ellison established a position after joining the board of Musk's electric-vehicle company. The value of Ellison's 1.5% stake in the company has gone up by around $4 billion this year.
Ellison has made $50 billion in gains this year. He's now fifth on Forbes' billionaire list with a $136 billion fortune, behind Larry Page and Sergey Brin, Mark Zuckerberg, and Steve Ballmer.
Ellison's gains over the past few years are impressive. Since he revealed his holdings in January, his stake in Tesla has doubled in value, while his holdings in Oracle have doubled in value as well.
The value of Ellison's stake in the company was close to $19 billion when the stock peaked. His stake in the company is worth a record amount today, after the stock's 16% surge on Friday, after the company beat Wall Street's earnings forecasts and trumpeted its cloud strategy.
Business Insider has an original article.
