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Google cofounder Larry Page quietly passed Oracle’s Larry Ellison on Monday to claim the title of the world’s second-richest person, a milestone driven not by government favors but by private-sector innovation and market confidence. Forbes reports Page’s net worth jumped as Alphabet’s shares continued a weeklong rally tied to renewed enthusiasm for the company’s AI work.
Investors pushed Alphabet stock up by roughly 5.8%, trading near $317 as markets opened, after an 8.4% surge the prior week that propelled the company past rivals and toward a nearly $4 trillion valuation. Reuters and the Associated Press note the rally was fueled by momentum around Alphabet’s Gemini AI model and broader gains in cloud and AI-related services.
This is exactly what Americans who believe in free enterprise want to see: entrepreneurs taking risks, building transformative technologies, and being rewarded by the market when they succeed. Larry Page’s climb is a reminder that innovation, not handouts or political theater, creates real wealth and advances national strength.
Of course, this reshuffling of fortunes came as Oracle shares slipped, trimming Larry Ellison’s paper wealth and underscoring how volatile markets can be when companies are judged on their ability to win the AI race. Forbes’ real-time estimates put Page around the mid-$250 billions while Ellison’s net worth eased amid Oracle’s recent downward moves.
The left likes to frame billionaire rankings as a moral failing of capitalism, but what the market is signaling is simple: people and companies that deliver value and lead in cutting-edge fields attract capital and scale. Regulators can bark and politicians can posture, but markets — when allowed to function — direct resources to winners who actually produce results for consumers.
If Americans want more Page-level success stories, the lesson should be clear: lower barriers to innovation, protect intellectual property, keep taxes and regulation predictable, and let entrepreneurs compete. The rise of Alphabet and the fortunes of its founders show that when the private sector is unleashed, America wins — and hardworking citizens benefit from the products, jobs, and prosperity that follow.
