Google founder Larry Page beats Jeff Bezos to become world’s third richest person and how latest Gemini AI model is behind this

Google co-founder Larry Page has become the world's third-richest person. According to the Forbes Billionaires List, Page surpassed Amazon founder Jeff Bezos after Google-parent Alphabet’s shares surged following the release of the Gemini 3 AI model this week. Page's net worth increased by nearly $7.6 billion due to his 3.2% stake in Alphabet. Shares of Google's parent company, Alphabet, initially surged 6% on the day of the Gemini 3 launch before settling around 3.3%, the report added. At the time of writing, Page’s net worth stood at $238.5 billion, while Bezos took fourth place in the billionaire’s list with $230.4 billion, nearly $8 billion less than the Google founder.

Apart from this, Google’s other co-founder, Sergey Brin, also saw his stake rise by $7 billion, placing him as the world's fifth-wealthiest person on the Forbes Real-Time Billionaires List with a net worth of $221.1 billion. Meanwhile, Tesla CEO Elon Musk remains the world's richest person ($462.8 billion), followed by Oracle chairman Larry Ellison ($261.5 billion).

How the world billionaires’ list is becoming more volatile

In September, Oracle founder Larry Ellison briefly moved ahead of Elon Musk in global wealth rankings after a surge in Oracle’s stock price. The rise came from optimism around Oracle’s cloud business following reports that OpenAI planned to spend $300 billion with the company over five years. This led to Oracle’s largest one-day stock jump since 1992 and increased Ellison’s net worth by $101 billion, bringing him to about $393 billion. However, the momentum soon reversed, as Oracle’s valuation has since fallen by roughly 30%, wiping out the gains made in September.




Oracle’s stock decline has attracted attention because the company entered cloud computing later than its peers and now depends heavily on AI-related growth. Its future outlook is closely linked to OpenAI’s performance, making Oracle sensitive to any slowdown in AI demand or investor caution. Analysts note that investors have become more wary of high valuations and significant capital spending by large tech companies, especially if major AI start-ups experience delays or weaker-than-expected progress.

The company’s shares are now reportedly down about 25% from the previous month, and an index tracking claimed Oracle’s debt value is down around 6% since mid-September. Oracle’s market cap has fallen from around $615 billion on September 10, 2025, to roughly $315 billion by November 18, 2025, prompting speculation about a “Curse of OpenAI” as investors question Oracle’s debt-backed AI expansion.

Musk regained the top position soon after. His wealth rose due to gains in Tesla, continued valuation growth at SpaceX (which is now near $400 billion) and added value from xAI’s merger with X, which together are estimated at around $60 billion. His broader portfolio, including Neuralink and the Boring Company, continues to shape his overall financial position as markets shift around major technology sectors.