» VIEW ALL POSTS Mar 8 2012   4:32PM GMT

Larry Ellison demoted to 7th wealthiest person on earth



Posted by: Lena Weiner
Tags:
Larry Ellison
wealth

Bad news for Larry Ellison- He’s no longer among the top five richest people on earth, and will have to settle for the slightly less luxurious position of number seven, according to Bloomberg’s most recent list of billionaires.

Unfortunately for Ellison, Ingvar Kamprad, Swedish business magnate and founder of IKEA, suddenly moved from 126th wealthiest person on earth to 4th, and Amancio Ortega (Spanish fashion entrepreneur best known for the clothing chain Zara) nosed out Ellison for 6th position, with French luxury goods magnate Bernard Arnault taking the 5th slot.

Oh Larry… We know this must be very, very tough for you. There goes that new ivory back scratcher you were planning to buy. On the bright side, Ellison is still worth 38.2 billion, and is still the third richest American, after Bill Gates and Warren Buffett.

 Comment on this Post

 
There was an error processing your information. Please try again later.
Thanks. We'll let you know when a new response is added.
Send me notifications when other members comment.

REGISTER or login:

Forgot Password?
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Forgot Password

No problem! Submit your e-mail address below. We'll send you an e-mail containing your password.

Your password has been sent to: