Larry Ellison overtook Elon Musk as the world’s richest after Oracle shares jumped 40% in early trading.
Ellison’s 41% stake in Oracle is now worth $393bn, slightly ahead of Musk’s $384bn.
The rise marked Oracle’s largest single-day increase and the biggest one-day wealth gain on Bloomberg’s index.
Other Ellison assets include Tesla shares, a sailing team, the Indian Wells Open, and a Hawaiian island.
Ellison mentored Musk, joined Tesla’s board from 2018 to 2022, and invested $1bn in Musk’s Twitter purchase.
Musk frequently visits Ellison’s Hawaiian island, Lanai, and both have previously aligned with Donald Trump.
Oracle’s growth is driven by AI companies using its cloud services, including OpenAI’s datacentres.
Musk first topped Bloomberg’s rich list in 2021, regained it last year, but now cedes the title to Ellison.
Larry Ellison Surpasses Elon Musk as Richest Person
Andrew Rogers
Andrew Rogers is a freelance journalist based in Chicago, USA, with over 10 years of experience covering Politics, World Affairs, Business, Health, Technology, Finance, Lifestyle, and Culture. He graduated with a degree in Journalism from the University of Florida. Over the years, he has contributed to leading outlets such as The New York Times, CNN, and Reuters. Recognized for his sharp reporting and thoughtful analysis, Andrew delivers accurate and timely news that keeps readers updated on key national and global developments.
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