World's 4th richest person made with the help of AI | Oracle | Jagran Business- Watch Video

The US stock market rose to a 52-week high on Monday in stocks related to Artificial Intelligence (AI). Oracle's founder Larry Ellison benefited the most from this. For the first time, he reached number four in the list of the world's rich, leaving behind Bill Gates. According to the Bloomberg Billionaires Index, his net worth increased by $ 5.92 billion on Monday and reached $ 130 billion. With this, he went ahead of Microsoft founder Bill Gates. Gates has slipped to number five in this list with a net worth of $129 billion. This year, Ellison's net worth has increased by $ 38 billion, while Gates' net worth has increased by only $ 19.9 billion. 

Ellison stepped down as Oracle's CEO in 2014. But he did not leave the company. He then became the chairman and chief technology officer of the company. He has a 42.9 percent stake in Oracle. Oracle shares have gained 42 per cent this year. In the last financial year, the company achieved a revenue of $ 50 billion. Oracle has benefited from investing in AI. It has invested in OpenAI competitor Cohere. Ellison's net worth has grown at a rocketing pace since the rally in AI stocks.