Larry Ellison overtook Elon Musk as the world’s richest person after Oracle shares surged 40% in early trading.
The co-founder owns 41% of Oracle, now valued at $958bn, lifting his fortune to $393bn.
Musk’s wealth stands at $384bn, placing him just behind Ellison in Bloomberg’s billionaires index.
The rise marked Oracle’s largest single-day share increase and the biggest wealth jump in index history.
Ellison, 81, also holds wealth through Tesla shares, a sailing team, a tennis tournament, and a Hawaiian island.
He invested $1bn in Musk’s Twitter purchase and previously sat on Tesla’s board.
Oracle’s value has grown as AI companies demand its cloud services to power large-scale datacentres.
Musk, head of Tesla and SpaceX, first became the world’s richest in 2021 before cycling with Bezos and Arnault.
Ellison, a Trump supporter, remains close to Musk, though both have had shifting ties with the former president.
After regaining the top spot last year, Musk ceded it again to Ellison in under a 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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