Larry Page has become the world’s second richest person, with his net worth soaring to $255 billion due to a strong rally in Alphabet’s stock driven by AI advancements and positive investor sentiment. In contrast, Oracle’s Larry Ellison has seen his net worth decline amid a drop in Oracle’s shares, reflecting growing concerns about an AI bubble affecting several major tech companies.
Larry Page, co-founder of Google, has surpassed Oracle’s Larry Ellison to become the world’s second richest person, driven by a strong rally in Alphabet’s stock fueled by AI optimism. On Monday, Alphabet shares rose 5.8% following an 8.4% gain the previous week, while Oracle shares declined 1.5% after a significant drop over the past two trading sessions. Page’s net worth increased by $8.7 billion on Monday alone, reaching an estimated $255 billion.
Page’s wealth has seen remarkable growth over the past five years, climbing from $50.9 billion in 2020 to over $144 billion at the start of 2025. Meanwhile, Ellison’s net worth has also surged this year, briefly making him the second person ever to reach a $400 billion valuation. However, recent declines in Oracle’s stock have reduced Ellison’s net worth to approximately $248.8 billion.
Alphabet’s stock has surged 67% since hitting a low on August 1st, largely due to positive sentiment around the company’s advancements in artificial intelligence. This includes the recent launch of Alphabet’s latest AI model, Gemini 3, which sparked a 6% rally in the stock. Additionally, Alphabet reported a 34% increase in cloud revenue in its third quarter, surpassing $100 billion in quarterly revenue for the first time.
In contrast, Oracle’s shares have fallen 43% since a sharp 36% rise on September 10th, reflecting broader concerns about an AI bubble affecting several mega-cap tech firms like Nvidia and Broadcom. Investor sentiment has shifted, with many viewing the AI sector as overvalued and risky. A recent Bank of America survey found that 45% of global fund managers consider an AI bubble a top risk.
Adding to Alphabet’s positive momentum, Warren Buffett’s Berkshire Hathaway disclosed a nearly $5 billion stake in the company earlier this month, marking a rare significant investment in tech beyond its large Apple holdings. Meanwhile, more investors have been betting against Oracle stock as part of a broader move away from AI-related trades. This dynamic highlights the contrasting fortunes of two tech giants amid the evolving AI landscape.