Topline
Sergey Brin bumped Oracle’s Larry Ellison on Tuesday to become the world’s third-richest person, ranking behind fellow Google cofounder Larry Page, as parent firm Alphabet’s stock has rallied in recent weeks on optimism for its AI business.
Google’s cofounders have risen through the ranks of the world’s wealthiest in recent weeks.
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Key Facts
Shares of Alphabet rose 2.2% to around $325.75 shortly after trading opened Tuesday, after a 6.3% jump on Monday and a more than 75% surge since hitting a low below $188 in August.
Oracle’s shares dropped by more than 4.6% to around $191, adding to an 11% drop over the last week for the stock.
The latest bump for Alphabet followed a report late Monday that Meta is considering using Google’s AI chips for its data centers and cloud infrastructure, according to The Information, challenging demand for Nvidia’s chips.
Neither Meta nor Google immediately responded to requests for comment from Forbes.
Forbes Valuation
Brin has an estimated net worth of $245.3 billion, ranking him the third-wealthiest person in the world just ahead of Ellison, whose fortune is valued at $239.7 billion. Page, who passed Ellison on Monday, ranks No. 2 with a net worth estimated at $264.4 billion. A combined $18.3 billion and $16.9 billion were added to Page’s and Brin’s net worths over the last two trading sessions, respectively, as the Google cofounders moved up in the rankings. Brin holds fewer of Alphabet’s Class B shares than Page, as Brin has been more active in selling his stake and donated millions of his Alphabet and Tesla shares multiple times to research on Parkinson’s disease.