Larry Ellison Overtakes Elon Musk as World’s Richest Person

Larry Ellison, co-founder and executive chairman of Oracle Corporation, has overtaken Elon Musk to become the world’s richest person, according to the latest Bloomberg Billionaires Index. Ellison’s net worth surged to over $393 billion, briefly surpassing Musk’s fortune and marking the first time the Oracle veteran has claimed the top spot in global wealth rankings.

The dramatic rise in Ellison’s wealth came on the back of Oracle’s blockbuster quarterly results, which exceeded market expectations. The company’s stock soared 41% in a single day, its largest-ever daily gain, driven by robust growth in its cloud infrastructure segment and a positive forecast for expansion. These gains added an estimated $101 billion to Ellison’s fortune, reinforcing the growing prominence of cloud computing and artificial intelligence in the tech sector’s future.

As of the latest data, Ellison’s fortune stands at $393 billion, slightly ahead of Musk’s $384 billion. Although Musk briefly reclaimed the lead afterward, Ellison’s ascent reflects the strength of Oracle’s strategic positioning and long-term investments. His ownership of approximately 40% of Oracle’s shares accounts for more than 80% of his wealth, underscoring how corporate leadership and innovation can translate into vast personal fortunes.

At 81 years old, Ellison’s achievement highlights a shift in the tech wealth landscape, as established companies pivot toward cloud-based services and digital infrastructure. Analysts believe that Oracle’s renewed momentum could sustain Ellison’s position at the top, particularly as demand for enterprise-level cloud solutions continues to rise.

Experts note that this development also marks a broader transformation in global wealth, with a few technology magnates commanding an unprecedented share of resources and influence. Ellison’s brief stint as the world’s richest person exemplifies how tech-driven growth trajectories are reshaping power dynamics at the highest levels of finance.

While Elon Musk’s ventures in space exploration and electric vehicles have long defined his fortune, Ellison’s cloud computing focus represents another pathway to astronomical wealth. As both figures jockey for prominence, the competition reflects how innovation, infrastructure, and investment strategies remain central to the fortunes of the ultra-wealthy.

The coming months will likely reveal whether Oracle’s growth can sustain this record-breaking surge or if competition in emerging tech sectors will reshape the leaderboard once again. For now, Larry Ellison’s rise stands as a landmark moment in the history of tech-driven wealth creation.