- Larry Ellison’s net worth surged to $393 billion, surpassing Elon Musk’s $385 billion.
- Oracle’s stock jumped over 40% after announcing strong earnings and AI infrastructure deals.
- The $101 billion gain is the largest one-day increase ever recorded by Bloomberg’s index.
- Oracle is now a major player in AI, with contracts from OpenAI and other tech giants.
- Musk’s Tesla stock has declined this year, contributing to his drop in the rankings.
In a seismic shift atop the global wealth rankings, Oracle cofounder Larry Ellison has overtaken Elon Musk to become the world’s richest person, following a record-breaking surge in Oracle’s stock price. Ellison’s net worth soared by $101 billion in a single day, reaching $393 billion — eclipsing Musk’s $385 billion fortune.
The dramatic leap was fueled by Oracle’s blockbuster earnings report, which revealed four new multibillion-dollar contracts and surging demand for AI infrastructure. Shares of Oracle jumped more than 40% on Wednesday morning, marking one of the largest single-day gains ever for a company of its size.
Oracle’s rise comes amid an AI-fueled tech boom that has catapulted companies like Nvidia and Microsoft to historic valuations. Oracle, once seen as a legacy software firm, has reinvented itself as a powerhouse in cloud services and AI infrastructure — including a deal to supply OpenAI with 4.5 gigawatts of electricity to power its models.
Ellison, who owns over 40% of Oracle’s shares, has long been a fixture in the billionaire elite. But this marks his first time at the very top of the Bloomberg Billionaires Index. His wealth now exceeds that of Musk, whose Tesla stock has declined 13% this year amid cooling demand and rising competition.
While Musk has held the top spot intermittently since 2021, Ellison’s ascent is historic — the largest one-day wealth increase ever recorded by Bloomberg’s index. Oracle’s market value now approaches $1 trillion, and analysts expect further gains as the company signs additional AI contracts in the coming months.
Ellison’s journey from college dropout to tech titan began in 1977, when he co-founded Oracle. Today, he owns nearly all of the Hawaiian island of Lana’i and remains deeply involved in the company as its executive chairman and CTO. His close ties to President Donald Trump and influence in tech and politics continue to shape Oracle’s trajectory.
