Funding & Business
Larry Ellison’s $89 Billion One-Day Wealth Boom Shatters Records
Larry Ellison briefly surpassed Elon Musk to become the world’s richest person Wednesday after a jump in Oracle shares added a record amount to his fortune.
Ellison’s wealth soared to $89 billion after Oracle’s latest earnings results surpassed analysts’ expectations, with the company saying there’s more growth to come.
That increase lifted Ellison’s total net worth to $383.2 billion, according to the Bloomberg Billionaires Index. It’s the biggest one-day increase ever recorded, and put him ahead of Musk for much of the day Wednesday before the Tesla CEO edged back into pole position by $1 billion. Bloomberg News Wealth Americas Team Leader Kristine Owram joins Bloomberg Businessweek Daily to discuss. (Source: Bloomberg)
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Barrick Gold Corp. agreed to sell its last gold mine in Canada to Carcetti Capital Corp. for up to $1.1 billion, as one of the world’s biggest bullion producers seeks to capitalize on surging prices for precious metals.
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Ghanaian President John Mahama used his first press conference since his election to take a victory lap, celebrating faster growth, slower inflation and a stronger currency.
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JLL is a Fortune 200 company and one of the largest consultancies in the world, specializing in real estate and investment management. JLL generates $23.4 billion in annual revenue, with a global workforce of over 112,000 across 80+ countries. The commercial real estate giant has seen office leasing activity worldwide increase both quarterly and year-over-year, with first-half volumes in 2025 reaching their highest level since 2019.
Christian Ulbrich, President and CEO of JLL, discusses the signs of stability and explains why he sees cause for cautious optimism heading toward the end of the year. Christian speaks with Bailey Lipschultz and Katie Greifeld on Bloomberg Businessweek Daily. (Source: Bloomberg)
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