‘I’m a millionaire today’: Oracle’s stock rally mints new millionaires; young techies in India reap windfalls too

Oracle’s stock surged by 36% following multi-billion-dollar AI cloud deals, briefly making Larry Ellison the world’s richest person. This rally minted hundreds of new millionaires among Oracle staff, thanks to restricted stock units. An engineer in Bengaluru now values his portfolio at Rs 1.5 crore.