Larry Page jumps to world's 2nd-richest after Alphabet's AI-fueled surge
Larry Page, Google and Alphabet co-founder, just overtook Oracle's Larry Ellison to become the world's second-richest person.
Thanks to a massive boost in Alphabet's stock—driven by excitement around AI and cloud tech—Page's net worth soared by $8.7 billion to $264.9 billion.
Why does this matter?
It shows how quickly fortunes can shift as tech keeps evolving.
With Alphabet nearing a $4 trillion market cap, the power of AI is shaking up who sits at the top of the billionaire list—and what companies investors are betting on.
What sparked the jump?
Alphabet shares shot up after reports that Meta was in talks to use Google's chips for AI training, adding about $250 billion to Alphabet's value in one day.
Page holds more shares than Sergey Brin (who has donated over $1.9 billion in stock in recent years), putting him ahead as Ellison slipped due to Oracle's falling share price.
It's a reminder: in tech and finance, things can change fast—even at the very top.