Larry Ellison is the founder and chief technical officer of Oracle Corporation, he is one of the famous and Prominent technologists. According to recent reports, it seems a significant increase in his wealth in 2024.
According to the Bloomberg Billionaires Index, Alison's Net Worth reached 193 billion dollars (537 trillion Pakistani rupees). And it shows an increase of 70 billion dollars (195 trillion Pakistani rupees) this year.
On January 21, 2025, an unusual incident occurred when US President Donald Trump during a press conference, discussed Larry Ellison and Elon Musk's possible purchase of TikTok. President Trump said in a hilarious but meaningful way:
“Let's negotiate in front of the media. I think someone should buy it and give half of it to the United States”
Trump said that if Elon Musk wanted to buy TikTok, he would support the deal. Donald Trump said that the owner of TikTok is from a Chinese company. And there is concern in US about the data security.
Donald Trump suggested that if Larry Ellison and Elon Musk want to buy TikTok, then they must have to contract. In this contract, they have to pay some money to the US government for TikTok to work in the US. This amount will be used to ensure the permanent security of TikTok. According to Trump, this way Tik Tok will be able to work according to American interests.
Another big reason behind this offer is the US policy of TikTok. Trump said that if US companies were allowed to buy TikTok, it would be a US company instead of a Chinese-owned company. It will also solve security problems.
In addition, Trump also explained another important aspect is that he is working on a $500 billion project aimed at strengthening America's leadership in the field of artificial intelligence (AI). Several large companies are involved in the project, such as Oracle (which is Laurie Elson's company) and OpenAI. The main aim of this project is to further advance the field of artificial intelligence and give America a leading position on the world stage.
All of this happened under Trump’s executive orders, under which some restrictions and decisions are being taken against the Chinese-owned app TikTok.
Read More: President Donald Trump Executive Orders: Impact of New Policies and Global Response
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