Oracle co-founder Larry Ellison overtook Elon Musk after Oracle shares jumped 40% in early trading.
Ellison’s 41% stake is now worth $393bn, slightly ahead of Musk’s $384bn, according to Bloomberg.
The surge marks Oracle’s largest single-day increase and the biggest one-day wealth gain on the Bloomberg index.
Ellison, 81, also owns Tesla shares, a sailing team, the Indian Wells Open, and a Hawaiian island.
He has a close relationship with Musk, having invested $1bn in Twitter and served on Tesla’s board until 2022.
Both men have ties to Donald Trump, though Musk’s relationship reportedly soured earlier this year.
Oracle’s growth is driven by rising demand for cloud services from AI companies like OpenAI.
Musk, who first topped Bloomberg’s list in 2021, regained it last year but has now lost it to Ellison again.
Larry Ellison Tops Elon Musk as World’s Richest Person
Andrew Rogers
Andrew Rogers is a freelance journalist based in Beijing, China, with over 15 years of experience covering Politics, World Affairs, Business, Health, Technology, Finance, Lifestyle, and Culture. He earned his degree in Communication and Journalism from the University of Florida. Over the course of his career, he has contributed to major outlets such as The Miami Herald, CNN, and USA Today. Known for his clear and engaging reporting, Andrew delivers accurate and timely news that keeps readers informed on both national and international developments.
