Larry Ellison Becomes Third-Richest Man As Oracle Shares Hit Year’s High—Passing Bezos And Brin I cover markets and tech.Jun 01, 2026, 10:30am EDTJun 01, 2026, 11:35am EDTToplineOracle shares hit a 2026 intraday high Monday, extending a furious late-May rally that has recast the database pioneer as a marquee AI-infrastructure player and boosted the fortune of cofounder Larry Ellison, who holds roughly 40% of the company. WASHINGTON, DC - JANUARY 21: Oracle co-founder, CTO and Executive Chairman Larry Ellison speaks during a news conference with U.S. President Donald Trump on January 21, 2025 in Washington, DC. (Photo by Andrew Harnik/Getty Images)Getty ImagesKey FactsOracle traded as high as $233.72 Monday, after surging about 11% Friday to cap software's strongest month since 2001.The company has pivoted from a mature software vendor into a major player in the AI boom, renting compute power to the largest AI developers like OpenAI. LOADING VIDEO PLAYER...FORBES’ FEATURED Video