Larry Ellison became the world’s richest person after Oracle shares surged 40%, valuing his stake at $393bn.
Elon Musk’s fortune now stands at $384bn, according to Bloomberg’s billionaires index.
Oracle’s stock jumped to $340 per share, marking the company’s largest single-day increase ever.
Ellison, 81, also holds wealth from Tesla shares, a sailing team, the Indian Wells Open, and a Hawaiian island.
He has a close relationship with Musk, serving on Tesla’s board and investing $1bn in Twitter’s purchase.
Both men share past ties to Donald Trump, though Musk’s relationship soured earlier this year.
Oracle’s growth is driven by AI demand for its cloud services, powering firms like OpenAI.
Musk first became the world’s richest in 2021, regained the title last year, and now cedes it to Ellison.
Larry Ellison Overtakes Elon Musk as Richest Person
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.