Larry Ellison overtook Elon Musk after Oracle shares jumped 40%, valuing his fortune at $393bn.
Ellison owns 41% of Oracle, whose market value rose to $958bn following strong financial results.
The rise marked Oracle’s largest single-day increase and the biggest one-day wealth gain on Bloomberg’s index.
Ellison, 81, also has stakes in Tesla, a sailing team, Indian Wells Open, and a Hawaiian island.
He served on Tesla’s board from 2018 to 2022 and invested $1bn in Musk’s Twitter purchase.
Musk frequently visits Ellison’s island and maintains a long-standing mentor-like relationship with him.
Both men have ties to Donald Trump, though Musk’s relationship reportedly soured earlier this year.
Oracle’s growth is fueled by demand for cloud services supporting AI firms like OpenAI.
Musk first became the world’s richest in 2021, regained it last year, but now cedes the spot to Ellison.
Larry Ellison Surpasses Elon Musk as World’s Richest
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.
