The Genius Move That Made Larry Ellison The World’s Richest Man

Move over Elon Musk, Larry Ellison is the new the richest man on the planet. How did he do it at the ripe age of 81? For more than a decade, Ellison has been quietly increasing his stake in Oracle through one of the most aggressive buyback programs in history, boosting Ellison’s ownership from 27% to 43%. That single strategy, combined with Oracle’s explosive growth in AI and cloud, just turned his stake into more than $400 billion. I explain the genius strategy in today's episode! 0:00 Intro 0:23 Jordi Visser perfectly explains why there's NO possibility of a recession in the United States 3:01 Larry Ellison passes Elon Musk as world's richest man 3:51 Opendoor's new CEO has a $1 salary, but an INSANE incentive package Listen to From the Desk of Anthony Pompliano on: Apple Podcasts: https://podcasts.apple.com/us/podcast/from-the-desk-of-anthony-pompliano/id1819778503 Spotify: https://open.spotify.com/show/1THAGnR1Xt1WDUn1CCTh1D Pomp writes a daily letter to over 265,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at: http://pompletter.com Join 600K+ subscribers on my main channel: https://pompyoutube.com/ Follow Pomp on social media: Twitter: https://twitter.com/APompliano Instagram: https://www.instagram.com/pompglobal/ LinkedIn: https://www.linkedin.com/in/anthonypompliano/ #AnthonyPompliano #FromtheDesk #marketnews