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
Andrew Rogers
Andrew Rogers is a freelance journalist based in the USA, with over 10 years of experience covering Politics, World Affairs, Business, Health, Technology, Finance, Lifestyle, and Culture. He earned his degree in Journalism from the University of Florida. Throughout his career, he has contributed to outlets such as The New York Times, CNN, and Reuters. Known for his clear reporting and in-depth analysis, Andrew delivers accurate and timely news that keeps readers informed on both national and international developments.
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