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Lanai owner Ellison ranks third on richest entrepreneur list

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ASSOCIATED PRESS
Larry Ellison, 69, founder of software giant Oracle Corp., has an estimated worth of $48 billion.

Larry Ellison, the chief executive of Oracle who owns most of Lanai, ranked as the third-wealthiest entrepreneur, according to Wealth-X, which tracks high-net-worth individuals.

Oracle’s founder earned $48.2 billion compared to Bill Gates, the founder of Microsoft, who topped the list with $80.2 billion. In second place was Warren Buffet with $64.2 billion.

Six of the top 10 billionaires acquired their wealth through technology or related businesses, including Gates and Ellison.

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