Oracle co-founder Larry Ellison overtook Elon Musk as the world’s richest person after Oracle shares surged by 40%.
Ellison’s 41% stake is now valued at $393bn, narrowly ahead of Musk’s $384bn fortune.
The jump marked Oracle’s largest single-day rise and the biggest ever one-day wealth increase on Bloomberg’s index.
Ellison, 81, also holds wealth from Tesla shares, a sailing team, the Indian Wells Open, and a Hawaiian island.
He has long been close to Musk, investing $1bn in the Twitter purchase and serving on Tesla’s board until 2022.
Both men share ties to Donald Trump, though Musk’s relationship with him reportedly soured earlier this year.
Oracle’s growth comes from rising demand for cloud services powering AI firms like OpenAI.
Musk, who first topped Bloomberg’s list in 2021, has now ceded the position to Ellison after regaining it last year.
Larry Ellison Becomes World’s Richest, Surpassing Elon Musk
By OMN AI
OMN AI
This article was created with the assistance of OMN AI, the AI-powered editorial platform developed by OMN Group. Every article is reviewed, fact-checked, and approved by a human journalist before publication to ensure accuracy and editorial quality. Learn more at https://omngroup.com
Add A Comment
Golden Gate Times delivers powerful stories, breaking news, sports, and culture—bringing bold perspectives and timely updates to keep readers informed, inspired, and connected worldwide.
We’re social. Connect with us:
© 2026 Golden Gate Times. All Rights Reserved.