Ellison Overtakes Musk as World’s Richest After Oracle Stock Soars

Lead Oracle co-founder Larry Ellison claimed the top spot on Bloomberg’s Billionaires Index Wednesday, his net worth jumping to $393 billion after Oracle shares surged 41% on strong earnings.

Nut Graf Ellison’s leap past Elon Musk underscores investor confidence in Oracle’s cloud and AI initiatives following a record one-day $101 billion gain in his fortune. The 81-year-old chairman and CTO holds the majority of his wealth in Oracle stock.

Market Reaction

  • Oracle shares rallied 41% Wednesday, marking the largest one-day climb since 1999.
  • The stock surge followed a fiscal Q1 forecast projecting continued cloud and AI growth.

Wealth Rankings Shift

  • Ellison now leads with $393 billion, ahead of Musk’s $385 billion.
  • Musk still ties much of his wealth to Tesla and SpaceX performance.

Ellison’s Role in Oracle’s Rise

  • Co-founded Oracle in 1977; serves as executive chairman and CTO.
  • Drove expansion into cloud infrastructure and AI partnerships with Nvidia and OpenAI.

Outlook and Implications

  • Analysts expect Oracle’s cloud momentum to persist amid rising AI demand.
  • Ellison’s record gain highlights growing influence of tech giants on global wealth distribution.