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Mark Zuckerberg Surpasses Larry Ellison to Become the Third Richest Person

by THEFUTURE.TEAM

January 7, 2025

Mark Zuckerberg has officially surpassed Oracle co-founder Larry Ellison to claim the title of the third richest person in the world, according to Forbes’ real-time billionaires list.

Key Insights

Zuckerberg’s fortune saw an impressive increase of over 4%, reaching $217.7 billion after Monday’s stock market close, while Ellison’s wealth dipped slightly by 0.3%, totaling $209 billion. This shift in rankings was closely tied to the performance of their respective companies’ stocks: Meta’s share price rose by approximately 4% to $630.20, while Oracle’s stock dropped by 0.3% to $165.78.

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On Friday, January 3, Zuckerberg and Ellison briefly swapped positions, but by the end of the day, Ellison held the higher rank. Despite this, Zuckerberg’s rise marks a significant shift in the upper echelons of the billionaire rankings.

Elon Musk remains the wealthiest person globally with $425.2 billion, followed by Amazon’s Jeff Bezos with $241 billion.

A Changing Fortune for Ellison

Just a couple of months ago, Larry Ellison’s wealth topped $228 billion, tying him with Bezos for second place. However, in early December, Oracle’s stock suffered a major setback after a financial report revealed disappointing results, causing Ellison’s fortune to dip by $15 billion. Ellison, who owns approximately 40% of Oracle, serves as the company’s chairman, chief technology officer, and co-founder.

In contrast, Zuckerberg, who owns about 13% of Meta, continues to serve as the company’s CEO and chairman.

Political Winds and Tech Fortunes

In the wake of Donald Trump’s victory over Kamala Harris in the November election, the fortunes of several tech leaders have surged. Ellison saw a $12 billion boost in the weeks following the election, while Bezos gained $7 billion. Musk saw the most substantial increase, with his wealth rising by nearly $21 billion in the immediate aftermath.

Meta’s Strategic Moves

On Monday, Meta made waves by announcing that UFC President Dana White will join its board of directors. Zuckerberg shared the news on Facebook, alongside the additions of Exor CEO John Elkann and former Microsoft executive Charlie Thornhurst. Zuckerberg expressed confidence in the company’s future, citing vast opportunities in artificial intelligence, wearables, and the evolution of social media. With these new board members, Meta aims to chart a bold course forward in these rapidly growing sectors.

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Corporate Restructuring Underway: Deutsche Bank And Procter & Gamble Navigate Global Pressures

by THEFUTURE.TEAM

June 5, 2025

Global financial institutions and consumer goods leaders are actively reengineering their strategies to address complex economic challenges. Recent announcements from Deutsche Bank and Procter & Gamble exemplify broad-based efforts to improve operational efficiency and respond dynamically to market pressures.

Deutsche Bank’s Strategic Workforce Optimization

At its Consumer Conference in Paris, Deutsche Bank unveiled a restructuring program that includes reducing its non-manufacturing workforce by approximately 15%. Chief Financial Officer Andre Schulten underscored that while the initiative is critical for ensuring long-term operational resilience over the next two to three years, it does not fully neutralize the near-term challenges the bank faces.

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Procter & Gamble’s Market Adjustments

Amidst these industry shifts, Procter & Gamble, which maintained a workforce of roughly 108,000 employees worldwide as of June 2024, is also recalibrating its approach. In addition to streamlining its product portfolio by ending sales of certain items in specific markets, the company is preparing to disclose further details in an upcoming announcement.

Tariff Impacts And Supply Chain Considerations

Further complicating matters, Procter & Gamble acknowledged that tariffs affecting raw materials, packaging supplies, and some finished goods sourced from China have intensified cost pressures. In response, the firm is exploring alternative sourcing strategies and productivity enhancements, though it may ultimately be forced to adjust pricing on select products. This sentiment is echoed by the Consumer Brands Association, which recently reported that even companies manufacturing domestically now contend with tariffs on critical imported ingredients amidst growing domestic scarcity.

Industry Implications And Outlook

The dual strategies adopted by Deutsche Bank and Procter & Gamble underscore a broader trend of recalibration in response to global tariff dynamics, supply chain disruptions, and evolving market demands. As these companies strive to reinforce their long-term business models, industry stakeholders will be keenly observing the outcomes of these significant restructuring efforts.