Getty Images/Justin Sullivan

Candidate Meg Whitman speaks to Cisco employees at a town hall style event Sept. 29, 2010 in San Jose

Former eBay CEO Meg Whitman's net worth increased last year, even after she spent $144 million of her own money on her failed gubernatorial campaign, according to Forbes updated list of billionaires, published this week.

According to Forbes, Whitman is now worth $1.3 billion — making her the world's 938th richest person and the 350th richest person in the United States.

Apparently, while Whitman is rich she doesn't even come close to being worth as much as Oracle boss Larry Ellison, who is worth $39.5 billion.

Ellison, Forbes reports, "sits atop a fortune that is $11.5 billion bigger than last year thanks to a 30 percent jump in the software company's shares."

Ellison is now the fifth richest person in the world and the third richest in the United States.

Yesterday, The Bay Citizen reported that San Francisco could end up spending spending millions of dollars to subsidize Ellison's plan to bring the America's Cup to San Francisco.

Forbes reports Ellison eventually "intends to give 95% of wealth to charity, while Whitman last year "turned down Warren Buffett's invitation to join the Giving Pledge, in which billionaires donate half their money to charity."