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
By OMN AI
OMN AI
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