ByTy Roush,
Forbes Staff.
Oracle chairman Larry Ellison became the world’s second-richest person Thursday, reclaiming the rank from Google cofounder Larry Page as a weekslong rally for Google parent firm Alphabet’s stock cooled.
Oracle’s shares rose 2% to around $212 as of around 12:35 p.m. EST, adding to a 3.3% gain on Wednesday after the company announced Tuesday it would release its second-quarter results on Dec. 10.
Shares of Alphabet fell 1% to just over $316, paring earlier gains after the stock surged 84% from Aug. 1 to Sept. 10, when it reached an all-time high of $345.72.
