Larry Ellison overtook Elon Musk as the world’s richest person after Oracle shares surged more than 40% in early trading.
Ellison’s 41% stake is now valued at $393bn, narrowly ahead of Musk’s $384bn fortune, Bloomberg reported.
The jump marked Oracle’s biggest single-day increase and the largest wealth gain ever on Bloomberg’s index.
The pair lead comfortably ahead of Mark Zuckerberg and Jeff Bezos in the global billionaire rankings.
Ellison, 81, also holds stakes in Tesla, owns a Hawaiian island, a sailing team, and a tennis tournament.
He invested $1bn in Musk’s Twitter purchase and previously sat on Tesla’s board.
Musk has often described Ellison as a mentor and is a frequent visitor to his island Lanai.
Both men share political ties to Donald Trump, though Musk’s relationship with him faltered this year.
Oracle’s value has grown with soaring demand for cloud services from AI firms, including OpenAI.
Musk, CEO of Tesla and SpaceX, first became the world’s richest in 2021 but has now ceded the title again.
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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